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QBE moves Ablett up to global credit head

QBE has made Nicky Ablett global head of global credit and surety, the carrier said today.

Bernard Goyder, 22 February 2018
FedNat buys out Monarch partners TransRe, Crosswinds

Federated National has wrapped up its acquisition of Florida-admitted insurer Monarch National, buying out stakes held by joint venture partners TransRe and a Canadian investment firm in a deal that values the carrier at $29mn.

Ted Bunker, 22 February 2018
Broad market hardening elusive for insurers: AmWins

Despite hardening pockets in US property, casualty and professional lines, broader rate increases have so far either proved elusive for insurers or come in below their expectations, according to AmWins.

David Bull, 22 February 2018
James River tumbles to big miss on reserve charge

James River’s fourth quarter earnings missed Wall Street expectations by a wide margin as an approximately $30mn prior-year reserve charge sharply deflated profit and pushed its combined ratio to 102 percent.

Ted Bunker, 22 February 2018
Beveridge promoted to CEO at Advent Underwriting

Advent Group chief underwriting officer William Beveridge has been promoted to CEO of Advent Underwriting Limited, according to filings with Companies House.

Adam McNestrie, 22 February 2018
Opinion: Florida still in flux

This time last year Florida’s homeowners market was in a state of flux.

David Bull, 22 February 2018
High net worth specialist Clear Insurance seeks backing

Acquisitive broking house Clear Insurance Management has appointed Fenchurch Advisory to explore funding options to support future M&A, The Insurance Insider can reveal.

Adam McNestrie, 22 February 2018
Investment income boosts Scor Global P&C Q4 profits

Earnings within Scor's P&C division rose more than 94 percent to EUR344mn ($422.5mn) during the fourth quarter of 2017, as realised capital gains helped the investment income more than double to EUR250mn.

Laura Board, 22 February 2018
Axa Corporate Solutions profit more than halves in 2017

Full-year underlying earnings plummeted by 59 percent to EUR50mn ($61.4mn) at Axa Corporate Solutions, after losses from hurricanes Harvey, Irma and Maria, the Mexican earthquakes and the Californian wildfires dented profits by EUR80mn.

Charlie Thomas, 22 February 2018
Beazley CFO’s family trims stake

The family of Beazley CFO Martin Bride this week sold about £1.3mn ($1.8mn) worth of shares, on top of sales last week resulting from the vesting of stock awards.

Bernard Goyder, 21 February 2018

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