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  • AmTrust shares plunged more than 18 percent to $12.57 while sister company Maiden Holdings fell almost 7 percent to $11.00 in morning trading as investors reacted to the AmTrust's Q1 earnings report yesterday.
  • Maiden Holdings missed Wall Street estimates for the first quarter, posting operating earnings of $0.26 per share as the reinsurer’s combined ratio edged over the breakeven mark to 100.9 percent partly because of a quota share with AmTrust Financial.
  • Newly elected French President Emmanuel Macron purchased a financial indemnity policy from Allianz in case his campaign failed to cross a 5 percent voting threshold during the first round of the two-part election, according to leaked documents.
  • The London wholesale market has reached an "inflection point" where the ratio of commissions to premiums must change, according to Navigators Group president and CEO Stan Galanski
  • Legacy-to-live carrier Enstar reported a pre-tax profit of $68.8mn in the first quarter, 11.4 percent more than in the same period of last year
  • Newly elected French President Emmanuel Macron purchased a financial indemnity policy from Allianz in case his campaign failed to cross a 5 percent voting threshold during the first round of the two-part election, according to leaked documents.
  • National General's first-quarter operating profit declined by 23.2 percent as its P&C loss ratio took on 9.3 percentage points year-on-year to hit 69.3 percent.
  • A further two officials from the China Insurance Regulatory Commission (CIRC) have been questioned by Chinese investigators after the agency's former top official Xiang Junbo was removed from his post
  • Increased capacity, further competition, falling rates and dwindling premium income continue to characterise the current state of the offshore energy market. Inside FAC asks whether we are any closer to a reversal of fortune
  • Increased capacity, further competition, falling rates and dwindling premium income continue to characterise the current state of the offshore energy market. Inside FAC asks whether we are any closer to a reversal of fortune