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Generali reports flat H1 P&C result

Generali reported a modest uptick in group profits in H1 as its P&C business generated an operating profit of EUR1.10bn ($1.29bn) that was 0.7 percent higher year-on-year.

Matthew Neill, 02 August 2017
Allstate defies expectations as profit soars

US insurance giant Allstate posted a surprisingly large second quarter operating profit of $510mn, more than double its earnings for the same period a year earlier, despite almost $1bn in catastrophe losses.

Dan Ascher, 02 August 2017
Greenlight Re targets subscription market business

Greenlight Re’s new CEO Simon Burton has signalled a change of strategy for the hedge fund-affiliated reinsurer that will see it broaden its underwriting appetite to enter the transactional reinsurance subscription markets.

David Bull, 02 August 2017
American Financial ups forecasts after record Q2

American Financial Group (AFG) has increased its core net operating earnings per share forecast for the year after a record second quarter performance driven by improved underwriting and investment income in its specialty P&C operations.

David Bull, 02 August 2017
James River matches forecasts despite reserve charge

James River Group matched analysts’ forecasts for the second quarter as it posted an operating profit of $14.9mn, or $0.49 per share, despite taking a modest reserve charge.

Dan Ascher, 02 August 2017
Assurant tops forecasts despite revenue drop

Assurant beat Wall Street earnings estimates for the second quarter, citing the absence of catastrophe losses and reduced corporate expenses.

Ted Bunker, 02 August 2017
Deals in US forecast to accelerate after H1 drop: PwC

The value of M&A transactions in the insurance sector shrank dramatically in the first half of the year compared with the last six months of 2016, consulting firm PwC said in recent report.

Ted Bunker, 02 August 2017
Aspen drafts in McKinsey to slash costs

Aspen has brought in consulting firm McKinsey & Company to advise it as the Bermudian embarks on an efficiency drive, the (re)insurer’s CEO Chris O’Kane has told investors.

Adam McNestrie, 02 August 2017
Analysts remain bullish on XL despite sell-off

Equity analysts remain bullish on the outlook for XL Group after its stock dropped 4 percent last week, despite the carrier posting consensus-beating second quarter results.

Matthew Neill, 01 August 2017
Alesco replenishes energy ranks

AJ Gallagher's wholesale arm Alesco Risk Management Services has made a quartet of hires in its energy division

Bernard Goyder, 01 August 2017

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