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Alliant sued for targeting Wells Fargo brokers
Alliant faces yet another accusation of poaching brokers, this time from Wells Fargo
Ted Bunker
,
28 July 2017
Oak Hill deal places Epic value near $1bn
Oak Hill Capital Partners has acquired a controlling stake in US retail P&C intermediary Epic Insurance Brokers from fellow private equity house The Carlyle Group in a transaction that sets the firm's worth at nearly $1bn.
Matthew Neill
,
28 July 2017
AJG matches forecasts as organic revenues up 4.2%
AJ Gallagher met Wall Street expectations with second quarter profit of $1.03 a share, while organic revenue climbed 4.2 percent at the firm's broking operations.
Ted Bunker
,
28 July 2017
The Hartford tops estimates despite pensions noise
US nationwide insurer The Hartford bested Wall Street forecasts for core second quarter earnings by more than 10 percent, but fell to a small net loss as it absorbed a pre-announced $488mn pension charge.
Adam McNestrie
,
28 July 2017
PartnerRe swings to Q2 profit on non-life uptick
PartnerRe credited its non-life underwriting result as it reported a $97mn second quarter operating profit following a $66mn loss in the year-ago period.
Ted Bunker
,
28 July 2017
Validus surpasses consensus in Q2
Validus joined a number of its peers in exceeding second quarter analyst estimates with operating earnings of $1.09 per share - topping expectations of $0.99 per share and the prior-year result of $0.69 per share.
Iulia Ciutina
,
28 July 2017
Investors dump carriers even after earnings beats
(Re)insurers led by XL Group took a beating in New York trading as investors punished the shares of those that both exceeded and failed to meet second quarter earnings expectations this week.
Ted Bunker
,
27 July 2017
Ascot hires former AIG executive Wolyniec for new MGA
Ascot is forming a standalone MGA and has hired a former AIG strategy head to develop the platform and oversee potential acquisitions
Laura Board
,
27 July 2017
Starr Companies picks Malta for post-Brexit base
Starr Companies has opted to establish a subsidiary in Malta as its future base in the European Union, the US carrier has told this publication
Bernard Goyder
,
27 July 2017
S&P downgrades Markel’s corporate rating to BBB
Standard & Poor's (S&P) has lowered Markel's corporate rating by one step from BBB+ to BBB following the company's announcements yesterday that it would acquire State National for $919mn in cash and an industrial farm based in Miami for an estimated $255mn
Matthew Neill
,
27 July 2017
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