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Fairfax posts $108mn Q2 underwriting profit

Underwriting profits at Fairfax Financial jumped 31.7 percent in the second quarter to $108.4mn, as the company reported diluted earnings per share of $12.67.

Matthew Neill, 04 August 2017
Liberty Q2 boosted by investment turnaround

Liberty Mutual recorded an improved investment result in the second quarter, as its underwriting result remained negative and it was forced to strengthen reserves.

Bernard Goyder, 04 August 2017
Ferrier swaps Aon Benfield for JLT Re

Aon Benfield senior managing director Andrew Ferrier has left the reinsurance broker to join smaller rival JLT Re, The Insurance Insider can reveal.

Dan Ascher, 04 August 2017
Opinion: The broker roll-up

On paper, consolidation of the independent London broker market seems utterly logical and looks relatively straightforward.

Matthew Neill, 04 August 2017
Allianz seals £500mn LV= minority stake acquisition

Allianz has agreed a deal to acquire a 49 percent stake in UK mutual LV='s general insurance business for £500.0mn ($657.5mn).

Matthew Neill, 04 August 2017
Cypress offers Florida AOB-blunting deductible plan

Florida homeowners' carrier Cypress Property & Casualty Insurance has introduced a deductible instalment plan for policyholders that may provide an incentive not to enter into assignment of benefits (AOB) agreements with third parties after a damaging storm.

David Bull, 04 August 2017
Qatar Re reinsures latest Clear Blue program

Clear Blue's latest addition to its stable of programs has the backing of Qatar Re as its reinsurer, The Insurance Insider can reveal.

David Bull, 04 August 2017
Munich Re takes Willis Re’s Kruger

German reinsurance powerhouse Munich Re has hired Willis Re executive vice president Kenneth Kruger, The Insurance Insider can reveal.

Dan Ascher, 04 August 2017
AGCS returns to underwriting profit in Q2

Operating profit at Allianz's Global and Corporate Specialty division (AGCS) surged to EUR116mn ($137.8) as the unit returned to a second quarter underwriting profit.

Bernard Goyder, 04 August 2017
Brit H1 profit falls on lower investment result

First-half pre-tax operating profit at Fairfax-owned Brit fell 24 percent to $144mn following an investment result which was 30 percent lower year on year.

Catrin Shi, 04 August 2017

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