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Argo narrowly beats Street view while falling to loss

Argo narrowly beat market expectations despite swinging to a third quarter loss, citing net pre-tax catastrophe losses of $104.5mn in the period.

Ted Bunker, 03 November 2017
AIG in big miss on $836mn reserve charge

AIG disappointed investors hoping its reserving issues were in the past by taking another big adverse development charge in a Q3 operating loss that was significantly worse than analysts had forecast.

David Bull, 03 November 2017
Navigators misses with higher cats and reserve charge

Navigators fell short of analysts’ expectations as it posted a $29.6mn loss that included higher-than-expected catastrophe losses and a $29.5mn reserve charge.

Dan Ascher, 03 November 2017
Axa’s P&C revenue edges higher as prices climb

French insurance giant Axa’s property and casualty revenue rose 1 percent to EUR28.3bn ($33bn) in the first nine months of this year as price hikes fed through to the top line.

Dan Ascher, 02 November 2017
Lloyd’s auction prices slump as capacity floods market

Prices plunged in the first day of the Lloyd's capacity auctions as a glut of capacity was dumped on the market following a series of major post-loss pre-emptions

Adam McNestrie, 02 November 2017
The Hanover shares jump after strong Q3 results

The Hanover's shares rose over 2.5 percent in New York yesterday after opening over 7 percent higher on third quarter results that easily surpassed analysts' expectations.

Ted Bunker, 02 November 2017
Unite to innovate or lose relevance, warns Case

Protagonists in the insurance industry must collaborate internally and with outside partners or risk losing their relevance as customer needs increase, said Aon CEO Greg Case

Laura Board, 02 November 2017
Q3 cat loss gap can be bridged: Morgan Stanley

The $70bn gap between reported third quarter cat losses and industry loss estimates can be largely accounted for by (re)insurers and alternative markets that have not disclosed their losses, according to Morgan Stanley analysts

David Bull, 02 November 2017
State Auto posts $22.6mn loss as it plans E&S exit

State Auto reported a third quarter net operating loss of $22.6mn after catastrophe claims and confirmed it would exit its excess and surplus lines (E&S) business

Laura Board, 02 November 2017
CV Starr rethinks Singapore strategy

CV Starr has closed its Lloyd's Singapore platform to new business as part of a rethink on how it serves its Asia Pacific clients, The Insurance Insider understands

Charlie Thomas, 02 November 2017

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