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PCS tracking Turkish storm losses

Property Claim Services (PCS) is tracking two storms that hit Turkey in July as catastrophe events after local media reported substantial insured losses

Lucy Jones, 03 August 2017
Aviva GI underwriting result benefits from low losses

Operating profit at Aviva's general insurance (GI) and health unit increased by 25 percent to £417mn ($551mn) in the first half, as the GI underwriting result jumped 50 percent on the previous year.

Catrin Shi, 03 August 2017
Reinsurers shield Suncorp from brunt of cat losses

Suncorp's Australian insurance operation lifted net profits by 30 percent to A$723mn ($574mn) in the year to 30 June 2017, as recoveries from its aggregate reinsurance programme smoothed out earnings volatility

Fiona Robertson, 03 August 2017
Allianz in talks over minority stake in LV= GI business

Mutual insurer LV= has confirmed it is in discussions with Allianz over a sale of a "significant minority stake" in its general insurance business.

Bernard Goyder, 03 August 2017
Opinion: NatGen and Wells Fargo

National General may have seen Balboa as a bargain when it acquired the lender-placed insurance business from QBE in late 2015

Ted Bunker, 03 August 2017
Axa Corporate Solutions returns to underwriting profit

Pre-tax underlying earnings at Axa Corporate Solutions nearly doubled to EUR104mn ($123mn) as the commercial insurance unit swung back to underwriting profit.

Adam McNestrie, 03 August 2017
NatGen faces subpoena over Wells Fargo insurance scandal

National General is facing a subpoena from New York State regulators over its role in the latest scandal to hit Wells Fargo.

Ted Bunker, 03 August 2017
HCI beats despite AOB hit in Florida

Florida homeowners' specialist HCI Group revealed a 36 percent uptick in second quarter net income to $9.5mn even as losses rose.

Dan Ascher, 03 August 2017
Third Point Re posts gains on investing, underwriting

Another strong investment quarter and an improved underwriting showing pushed Third Point Re’s second quarter net income up 40 percent to $74.6mn.

David Bull, 03 August 2017
The Hanover tops Wall Street estimates as Chaucer soars

The Hanover breezed past Wall Street estimates for the second quarter, posting operating profit of $1.69 per share as it booked an improvement in its ex-cat combined ratio, growth in personal lines and a nearly sixfold increase in pre-tax income at Chaucer.

Ted Bunker, 03 August 2017

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