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Opinion: A better Brexit

Like the embarrassed friends of a pair of divorcing Hampstead socialites, businesses have been politely averting their eyes from the unedifying break-up of the UK from the rest of the EU

Laura Board, 05 May 2017
Munich Re leads $29mn funding round at Next Insurance

California-based managing general agency (MGA) start-up Next Insurance has raised $29mn from investors led by Munich Re's InsurTech investment arm, HSB Ventures.

Bernard Goyder, 05 May 2017
AIG shares rise on earnings beat amid CEO hiatus

AIG shares closed up 1.8 percent last night as investors reacted favourably to a welcome earnings beat and further progress towards its targeted $25bn capital return target by year-end.

David Bull, 05 May 2017
State Farm sets auto cutbacks following $7bn loss

State Farm’s auto segment plans to close offices in 11 locations around the US, displacing 4,200 workers as the mutual giant reins in the operation following its $7bn underwriting loss last year.

Ted Bunker, 05 May 2017
Kinsale profit climbs 19% but still misses expectations

US specialty insurer Kinsale Capital reported first-quarter net income climbed about 19 percent to $6.3mn as investment gains surged and underwriting profit rose.

Dan Ascher, 05 May 2017
Third Point Re profit rebound falls short of estimates

Third Point Re missed Wall Street estimates even as it rebounded from a year-earlier loss to post first-quarter net income of $104.2mn, driven by resurgent investment earnings.

Ted Bunker, 05 May 2017
Alleghany misses as underwriting deteriorates

Lower underwriting profits contributed to an earnings miss at Alleghany as the company reported operating profits down 22 percent to $112.5mn for the first quarter.

David Bull, 05 May 2017
HCI slashes reinsurance costs as profits double

Florida homeowners’ insurer HCI Group reported net income of $12mn for the first quarter, almost double the $6.1mn it reported for the same period last year.

Dan Ascher, 05 May 2017
Navigators beats estimates as earnings stall

Navigators delivered net operating earnings of $20.4mn in the first quarter, just $200,000 more than it reported for the year-ago period.

Dan Ascher, 05 May 2017
Heritage gains after corralling Miami-area AOB claims

Shares in Florida property insurer Heritage jumped almost 7.8 percent after the company’s first-quarter earnings beat forecasts amid a 30 percent drop in claims from the assignment of benefits-afflicted Tri-County region around Miami.

Ted Bunker, 05 May 2017

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