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CNA hires specialty unit COO from Chubb

CNA has appointed former Chubb executive Kevin Smith as president and chief operating officer of its specialty division

Laura Board, 10 May 2017
Nexus forges cyber partnership with Beazley

MGA Nexus Group has set up an underwriting partnership with Beazley to sell a cyber policy aimed at small and medium-sized businesses

Bernard Goyder, 10 May 2017
Axa P&C revenue up 2% in Q1

Axa's P&C division has reported revenue growth of 2 percent to EUR13.4bn ($14.6bn) for the first quarter of 2017, driven by expansion in commercial lines.

Bernard Goyder, 10 May 2017
United misses estimates as combined ratio worsens

United Insurance Holdings missed Wall Street expectations for first quarter earnings with net income of $0.18 per share as its combined ratio deteriorated compared with the year-earlier period.

Ted Bunker, 10 May 2017
Opinion: AmTrust, private company

The insurer has had another awful 24 hours, with analyst forecasts missed by a wide margin and the share price pummelled again

Adam McNestrie, 10 May 2017
FedNat misses estimates as tornadoes pinch Q1 profit

Federated National posted earnings of $0.23 a share, widely missing the forecast of industry analysts as weather-related losses in both Florida and Louisiana squeezed profits.

Ted Bunker, 10 May 2017
Novae warns of underwriting loss and exits four casualty lines

London-listed Lloyd's carrier Novae has told investors it is "unlikely" to end the financial year with a combined ratio of below 100 percent, and that it has withdrawn from four casualty lines.

Bernard Goyder, 10 May 2017
Hannover Re P&C unit beats Q1 forecast despite losses

Quarterly operating profit at Hannover Re's P&C division beat analysts' expectations by increasing 3.4 percent to EUR309.8mn ($337.8mn) year-on-year, thanks to an uptick in investment income, the carrier announced this morning.

Charlie Thomas, 10 May 2017
Greenberg’s Starr sees $40bn AIG bailout appeal fail

A $40bn lawsuit over the 2008 federal bailout of AIG failed to survive a government appeal as a three-judge appellate panel ruled against former AIG CEO Maurince “Hank” Greenberg’s Starr International today, saying it lacked standing to make the claim.

Ted Bunker, 10 May 2017
Florida 14.5% workers’ comp rate hike upheld

A Florida appeals court has upheld a 14.5 percent rate increase for workers’ compensation coverage imposed in December by Florida’s Office of Insurance Regulation (Floir), determining that the hike was done properly.

Ted Bunker, 10 May 2017

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