Former AIG chairman and CEO Maurice "Hank" Greenberg has issued a stern message to the upper echelons of the insurance industry, insisting that senior management are too quick to accept failure from their underwriters.
Faraday stalwart Mark Rayner has resigned after more than 25 years with the Berkshire Hathaway-owned Lloyd's syndicate, The Insurance Insider can reveal.
AmTrust shares plunged more than 18 percent to $12.57 while sister company Maiden Holdings fell almost 7 percent to $11.00 in morning trading as investors reacted to the AmTrust's Q1 earnings report yesterday.
US specialty insurer Kinsale Capital reported first-quarter net income climbed about 19 percent to $6.3mn as investment gains surged and underwriting profit rose.
Florida homeowners’ insurer HCI Group reported net income of $12mn for the first quarter, almost double the $6.1mn it reported for the same period last year.
