Company Example A

Swiss Re surprised analysts this morning by reporting group net income of $517mn for the fourth quarter of 2016, down 44.9 percent on the prior-year period and missing consensus by 18 percent.

The insurance arm of Bermudian Validus has hired two US-based cyber underwriters from the excess and surplus lines division of mutual insurance giant Nationwide.

United has bought a new 20 percent quota share cover from Nephila Capital and Greenlight Re, the Floridian insurer said on an analyst call after the release of its fourth quarter results

HCI Group has joined fellow Floridian United Insurance in reporting a fourth-quarter underwriting loss as the impact from Hurricanes Hermine and Matthew combined with adverse reserve development associated with the assignment of benefits (AOB) crisis in the state.

If it was needed, there was plenty more evidence of the pressures facing Florida homeowners' carriers as three of the sector's big guns reported fourth quarter results at the start of the week

The Lloyd's Market Association (LMA) has said linking data capture with the placement platform (PPL) project should be the "highest priority" for the London market reform process.

Axis Insurance has hired Julian Brown as a vice president and underwriter to grow its London market managing general agency (MGA) business

Authorities in California have reportedly started investigating a fire at the Torrance oil refinery in Los Angeles that came two years to the day after a previous explosion at the plant.

Allied World-Elseco aviation deal; Marsh offers Brexit ‘plan B'; National Lloyds sale pulled; Nichols resigns as Axis Re CEO; NSW losses hit $53.8mn; Enstar to sell Pavonia life for $120mn; Chubb names Europe COO; Bahrain insurer mergers; Greenberg divests $26mn Validus stake; Investment result boosts Brit; IAG InsurTech hub launch; Tower under review; Fairfax $1bn investment loss; Swiss Re appoints global claims head; Arcus syndicate manager; Soft US P&C market to continue; Maiden auto re

The high level of commissions and operating costs in Lloyd's and the London market are unsustainable and put carriers at a "competitive disadvantage", Navigators CEO Stan Galanski has claimed.