Lloyd's insurer Novae has said it will focus on classes in which it is an established leader to drive an underwriting turnaround following a succession of profit warnings that have led to a negative re-rating of the carrier's shares.
AM Best has placed the credit and financial strength ratings of Bermudian carrier Hamilton Re and subsidiaries under review following the departure of Hamilton Insurance chairman and CEO Brian Duperreault to AIG.
Keefe Bruyette & Woods (KBW) analysts have said AIG's hire of Brian Duperreault as CEO is a "phenomenal choice" that was likely to assuage concerns over the direction of the company
