Universal Insurance Holdings surged 7.9 percent in New York trading today after the Florida-focused homeowners insurer outperformed its peers with a sub-100 combined ratio in a hurricane-hit quarter.
Cat-driven losses at Atrium and Starstone combined with a 50 percent drop in profits at Enstar’s non-life run-off operation to cut the group’s net income to $39mn for the third quarter
Retro renewals testing the market in the wake of HIM, quake and wildfire losses seem to indicate rate rises in the 20-35 percent range, The Insurance Insider understands.
A painful set of third quarter results left AIG investors under no illusions that patience would be required to reap the benefits of a promised turnaround under Brian Duperreault and his new management team
