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Markel pays $975mn for Nephila
The all-cash purchase price fell slightly below initial expectations of a $1bn-plus valuation for the Bermudian manager.
Sofia Geraghty
,
31 October 2018
NatGen beats Q3 estimates as losses shrink
The carrier expects October’s Hurricane Michael to cost it up to $10mn, net of reinsurance.
Bernard Goyder
,
31 October 2018
RenRe defends independence with TMR deal: analysts
The deal makes RenRe the fourth-largest Bermuda reinsurer and gives it significant clout as a fronting provider for ILS managers.
Bernard Goyder
,
31 October 2018
Former Talbot construction head joins Rokstone
The MGA enters the London construction market following a number of carrier exits.
Catrin Shi
,
31 October 2018
AFG considers special dividend amid strong Q3
The company reported operating earnings per share of $2.19, beating Wall Street consensus estimates of $1.87.
Gianluca Casapietra
,
31 October 2018
Markel reports solid earnings, breakeven underwriting
The Virginia-based insurer shone on equity gains as its reinsurance segment was once again hit by cats.
Dan Lukpanov
,
31 October 2018
RenRe beats estimates despite underwriting loss
The Bermuda-based reinsurer’s high net investment income offset its loss on underwriting.
Iulia Ciutina
,
31 October 2018
Weather events continue to hamper Donegal
Third quarter weather-related losses were higher than the company’s previous five-year average.
Christie Smythe
,
31 October 2018
Arch posts strong earnings despite miss in insurance segment
The insurer’s earnings were buoyed by good results within its reinsurance and mortgage segments.
Iulia Ciutina
,
31 October 2018
RenRe acquires Tokio Millennium Re in $1.5bn deal
The reinsurer turns buyer rather than seller after facing pressure from an activist investor to consider a sale.
Gavin Davis
,
31 October 2018
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