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The Hartford beats as P&C performance soars

P&C results shot past estimates as the combined ratio improved by 4.3 points, propelling group operating profit up 60 percent to $461mn.

Ted Bunker, 27 April 2018
Cincinnati Financial shares sink after earnings miss

Cincinnati Financial shares took a hit of as much as 6 percent yesterday after the Ohio-based insurer missed analysts’ expectations for its first quarter results, reported late yesterday. The stock closed down 4.5 percent.

Anthony Baldo, 27 April 2018
Willis predicts power drain in reinsurance market

The broker believes traditional reinsurance pricing will be on "life support" as ILS capacity remains abundant.

Fiona Robertson, 27 April 2018
CNA Financial’s Mense to retire from CFO post

Craig Mense, who joined CNA in 2004, will leave at the end of the year, to be replaced as CFO by James Anderson, the company's senior vice president and head of financial planning and analysis and corporate development.

Laura Sanicola, 27 April 2018
BAML hires Alpert from UBS as part of insurance drive

UBS' most senior European insurance deal banker will head BAML's Emea insurance-focused team.

Adam McNestrie, 26 April 2018
Universal raises Irma loss estimate by $50mn

The carrier says its reinsurers will cover the additional cost.

Fiona Robertson, 26 April 2018
Lloyd’s pursues coverholder growth with new portals

Lloyd’s is using technology to expand its 4,000-strong network of coverholders and boost growth outside its main markets.

Laura Board, 26 April 2018
Brown & Brown reports patchy rate movement in Q1

The broker's president and CEO predicted rates could "moderate downward" in the coming months.

Rachel Dalton, 26 April 2018
Axa IPO could raise $4.3bn for XL purchase

Axa has announced the launch of the IPO of its life company Axa Equitable Holdings (AEH) at a price range of between $24 and $27 per share.

Rachel Dalton, 26 April 2018
Marsh Q1 growth slows as GC accelerates

A decline in Emea revenue acts as a brake on primary broking growth in a quarter where group results beat forecasts.

John Hewitt Jones, 26 April 2018

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