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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
Bill merging Dodd-Frank insurance offices wins key vote

The Federal Insurance Office created by the 2010 Dodd-Frank Wall Street reform law would be eliminated under a bill passed today by the Financial Services Committee in US House of Representatives.

Ted Bunker, 05 May 2017
Liberty Mutual falls to Q1 underwriting loss

Liberty Mutual Insurance slid to a first-quarter underwriting loss reflecting severe weather events that helped drive down overall operating profit.

Matthew Neill, 04 May 2017
XL Catlin cargo head jumps ship to StarStone

XL Catlin senior class underwriter for cargo Rod O'Malley has joined StarStone as the company's new head of cargo, The Insurance Insider can reveal

Adam McNestrie, 04 May 2017
CNA Hardy builds out Singapore casualty team

CNA Hardy has expanded its casualty presence in Singapore with the hire of Michael Resnikoff as senior underwriter

Matthew Neill, 04 May 2017
AIG Europe falls to 2016 loss as combined ratio spikes

AIG Europe ran up a pre-tax loss of £171mn ($221mn) in the year to 30 November, as its combined ratio took on 13.6 percentage points to hit 111.8 percent.

Adam McNestrie, 04 May 2017

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