Validus reported net operating income of $64.3mn for the fourth quarter of 2016, surpassing the expectations of Wall Street analysts despite notable claims from Hurricane Matthew and the earthquakes in New Zealand.
American Financial Group (AFG) saw fourth quarter core operating earnings climb to $176mn last year, up from the $136mn it reported for the final three months of 2015.
Fairfax’s latest major insurance acquisition target Allied World reported $42.4mn in fourth quarter profit for 2016, roughly in line with the same period in 2015, as the company absorbed nearly $50mn in catastrophe losses
Markel has continued to show its acquisitive side with a $250mn deal to buy SureTec Financial Corp, one of the largest privately held surety carriers in the US.
This year is yet to see a court hearing in the fraud trial of former AIG boss Maurice “Hank” Greenberg as settlement talks continue, The Insurance Insider understands.
