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Argo beats estimates despite sliding profits

Profit at Argo Group fell almost 27 percent in the first quarter as operating income dropped to $21.9mn, driven down by pre-announced losses from Hurricane Matthew and changes to the UK’s Ogden rate.

Dan Ascher, 04 May 2017
AIG beats despite commercial underwriting loss

AIG shares were up in after-hours trading as the insurer comfortably beat first quarter earnings forecasts and added $2.5bn to its share repurchase plan.

David Bull, 04 May 2017
Athene emerges among F&G Life bidders

Apollo-backed insurer Athene is among the bidders in the rebooted Fidelity & Guaranty Life (F&G) sale process, The Insurance Insider can reveal.

Adam McNestrie, 03 May 2017
PartnerRe profit survives $35mn Ogden hit

PartnerRe clocked a $44mn operating profit for the first quarter of 2017, matching the results for the same period last year despite taking a $35mn charge related to the UK government’s controversial move in February to change the way some personal injury payments are calculated.

Dan Ascher, 03 May 2017
OneBeacon valuation outshines RoEs

OneBeacon's 1.65x multiple in its sale to Intact Financial represents a premium valuation for the business given its low historic returns on equity (RoEs) relative to its peer group, data compiled by The Insurance Insider shows

Matthew Neill, 03 May 2017
AJ Gallagher acquires Texas Insurance Managers

AJ Gallagher (AJG) has acquired its 15th company of the year after buying commercial and personal lines broker Texas Insurance Managers, it announced today

Bernard Goyder, 03 May 2017
White Mountains up more than 5% on OneBeacon sale

White Mountains shares rose in early trading in New York today after it snared a $1.7bn agreement to sell specialty business OneBeacon to Canada's Intact

Laura Board, 03 May 2017
Property treaty head Stubbs leaves Acappella

Acappella head of property treaty Toby Stubbs has resigned from the Lloyd's insurer, The Insurance Insider can reveal

Adam McNestrie, 03 May 2017
OneBeacon sale signals payday for management

OneBeacon's management team is set for handsome payouts from the $1.7bn sale of the company to Canada's Intact, with president and CEO Mike Miller in line for the richest award

Laura Board, 03 May 2017
Starr hires management liability and PI heads

Starr Companies has hired Danielle Wilson as its new head of management liability and brought in Robert McTaggart as head of professional indemnity, the firm announced today.

Matthew Neill, 03 May 2017

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