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Aspen losses make sale likely: Buckingham Research
Larger-than-anticipated fourth quarter net losses at Aspen make it more likely the Bermudian carrier will be acquired, Buckingham Research Group analysts have said.
26 January 2018
Opinion: Sun rises over US crop insurance
Farmers across the US - at least the biggest ones - and their crop insurers may be breathing a little easier these days after Agriculture Secretary Sonny Perdue reiterated his support for federally subsidised policies that protect against crop failure as well as collapsing prices.
Ted Bunker
,
26 January 2018
Brokers given extra time in FCA wholesale market probe
Insurance brokers have gained a six-week reprieve from a series of deadlines for providing the Financial Conduct Authority (FCA) with information requested for the regulator’s keenly watched wholesale insurance market study.
Adam McNestrie
,
25 January 2018
Doubts over Exin-Ethniki deal as Fairfield fundraises
Exin’s planned acquisition of a 75 percent stake in Greek state-owned insurer Ethniki, which was agreed as long ago as June, may not now go ahead after main backer Calamos Asset Management scaled back its financial support for the transaction.
Adam McNestrie
,
25 January 2018
RLI shares surge on earnings beat beyond tax gain
Shares of specialty insurer RLI jumped over 7 percent in early New York trading today after the company beat market expectations for its fourth quarter earnings in a report late yesterday.
Ted Bunker
,
25 January 2018
Old Republic shares gain on Q4 earnings increase
Old Republic International shares climbed almost 5 percent today after the multi-line insurer’s fourth quarter operating profit rose 11.5 percent, excluding the effects of tax reform.
Ted Bunker
,
25 January 2018
Aspen warns of $245mn estimated Q4 underwriting loss
Aspen expects to report a $245mn underwriting loss for the fourth quarter, including $135mn in net losses related to the Southern California wildfires as well as increased loss frequency in the company’s primary insurance segment.
Ted Bunker
,
25 January 2018
AJG impresses with 6.8% brokerage organic growth
AJ Gallagher beat earnings forecasts for the fourth quarter and reported a strong 6.8 percent organic growth rate in its brokerage segment.
David Bull
,
25 January 2018
Florida and Caribbean face reinsurance rate hikes: S&P
Risks in hurricane-ravaged Florida and Puerto Rico “will undoubtedly experience double-digit rate increases” when they come up for reinsurance renewals later this year, in the view of S&P Global Ratings.
Ted Bunker
,
25 January 2018
Opinion: The Presidents Club
Yesterday, the investigations team at the Financial Times published a brutally descriptive report of the stomach-churning antics at the annual Presidents Club charity dinner.
Catrin Shi
,
25 January 2018
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