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Insurance
Novae Group enjoyed substantial growth driven largely by US excess and surplus lines in the first quarter of 2017 despite exiting a number of casualty lines of business where it has deemed rates unsustainable. But it also warned that these would still hit its profitability this year. 10 May 2017
Insurance
Maiden Holdings enjoyed solid growth in the first quarter of the year though its profits were dented by higher expenses and casualty losses. 9 May 2017
Insurance
Hiscox enjoyed very strong growth in the first quarter driven by its retail and special risks divisions though its reinsurance division shrank as it noted that rates remain under great pressure in certain classes of business. 9 May 2017
Insurance
Ratings agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the US life/health subsidiaries of Netherland-based insurance group Aegon. 8 May 2017
Insurance
Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson. 8 May 2017
Insurance
Ratings agency AM Best has placed OneBeacon Insurance Group and its subsidiaries "under review with positive implications" following its acquisition by Intact Financial Corporation. 5 May 2017
Insurance
An agile and lean managing general agent (MGA) market may help insurers respond to a soft market which makes finding profitable growth a challenging quest. 3 May 2017
Insurance
In tough times, leveraging the expertise and access to risks that many managing general agents possess can be an enticing prospect for insurers, as Intelligent Insurer discovers. 3 May 2017
Insurance
Speciality property/casualty insurance group AmTrust Financial Services (AFSI) should take a reserve charge “in the hundreds of millions of dollars” and commit to “much-improved disclosure” in order to restore investor confidence, according to analysts at Keefe, Bruyette & Woods. 3 May 2017
Insurance
Following the completion of its acquisition of Ironshore, property/casualty insurer Liberty Mutual has combined its existing Liberty International Underwriters (LIU) US business and Ironshore’s US specialty lines business under the Ironshore brand. 3 May 2017
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