As insurers lick their wounds after an unexpectedly sharp cut to the UK Ogden rate, it may come as a surprise that auto carriers outperformed last week as the rest of the sector lagged behind the wider market.
Evercore has been appointed by US property cat specialist Icat and its parent Paraline Group to advise on strategic options that could include an eventual sale, The Insurance Insider can reveal.
Niche commercial auto insurer Atlas Financial fell to a $27.3mn adjusted operating loss for the fourth quarter after facing what its CEO described as a "unique set of circumstances" last year.
Prices for US commercial lines coverage held firm in the final quarter of last year, according to Willis Towers Watson, which reported that rates were "nearly flat" compared with the same three months of 2015
The resignation of AIG boss Peter Hancock was just the latest twist for the US insurance giant over recent weeks, but Keefe Bruyette & Woods (KBW) analysts led by Meyer Shields think they have the solution to its challenges: Warren Buffett.
The US House of Representatives has passed a bill that would increase transparency related to asbestos trusts and clamp down on spurious class action claims.
