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Insurance
US property and casualty insurers reported a $4.7 billion net underwriting loss in 2016, com-pared to an $8.9 billion net underwriting gain in 2015. Their net income after taxes dropped 25 percent to $42.6 billion from $56.8 billion the previous year. 9 May 2017
Insurance
Twelve Capital, the independent investment manager specialising in insurance, has hired a new director within its portfolio management team who will have a principal concentration on catastrophe bond strategies. 9 May 2017
Insurance
Enstar, an insurance holding company that owns StarStone and Atrium, posted improved profits in the first quarter of 2017 though its net written premiums shrank as it warned on “challenging market conditions” in both underwriting and investing and “overcapacity in many markets for insurable risks”. 9 May 2017
Alternative Risk Transfer
PineBridge Investments, a global multi-asset class investment manager, has appointed Alain Meyer as head of Switzerland and Austria for the firm. 9 May 2017
Insurance
RMC Group, a consortium of insurance and actuarial consulting firms, has launched a new operation in the UK and named Ryan Mitchell as president of European Operations. 9 May 2017
Insurance
Specialist insurer Hiscox plans to establish a European subsidiary in Luxembourg in response to the UK's exit from the European Union. 9 May 2017
Insurance
The insured property market loss for Tropical Storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, is estimated at A$1.12bn ($823 million), according to PERILS. 9 May 2017
Insurance
UK-based insurance intermediary Towergate Insurance recorded a loss before interest, taxes, depreciation and amortisation in the first quarter of 2017 after a profit in the same period a year ago. 9 May 2017
Insurance
Specialist insurer Markel International Singapore has appointed Gustaf Kristiansson as a marine underwriter. 9 May 2017
Insurance
Broker Willis Towers Watson reported a 43.7 percent year-on-year increase in net profit for the first quarter of 2017 as the income from its operations rose. 4 May 2017
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