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Allstate beats as $781mn cat loss fails to derail gain

Personal lines giant Allstate reported operating income that nearly doubled in the first quarter as heavy hailstorm losses were offset by an otherwise light winter.

Dan Ascher, 03 May 2017
Intact snags OneBeacon in $1.7bn deal

Canada’s largest property and casualty carrier Intact Financial has sealed a deal to acquire OneBeacon from White Mountains for $1.7bn.

Dan Ascher, 03 May 2017
Greenlight Re misses as Q1 investment income drops

Greenlight Re missed Wall Street estimates for the first quarter as investment returns shrivelled and reinsurance operations produced an underwriting loss.

Ted Bunker, 03 May 2017
Liberty merges US specialty group into Ironshore

Liberty Mutual is set roll up its US specialty operation and fold it into recent acquisition Ironshore, in a move will create the sixth-largest US excess and surplus lines player with about $6.5bn in annual net written premiums.

Dan Ascher, 03 May 2017
‘Covered agreement’ given a Senate airing

A US Senate hearing today on the proposed US-EU “covered agreement” on insurance regulation provided a forum for advocates to urge acceptance of the accord while critics cited concerns about sections that they said should be clarified first.

Ted Bunker, 03 May 2017
Enstar M&A chief Rocke to step down

Enstar's most senior dealmaker David Rocke is set to leave the firm, with former vice president Jonathan Zisaruk returning to the legacy giant to replace him, The Insurance Insider understands.

Dan Ascher, 02 May 2017
Miller hires Blick from Integro

Broker Miller has hired Ian Blick to lead its facultative energy team, the company announced today

Laura Board, 02 May 2017
Hiscox hires Szakmary as Bermuda underwriting director

Hiscox has appointed Adam Szakmary as director of underwriting at its Bermuda insurance unit, the carrier announced today

Laura Board, 02 May 2017
AmTrust falls 5% after analysts flag reserve concerns

AmTrust has suffered another torrid morning of trading in New York, with the stock falling more than 5 percent after Keefe, Bruyette & Woods (KBW) analysts said it may require "hundreds of millions" of additional reserves

Matthew Neill, 02 May 2017
Fewer fools at reinsurers, says O’Kane

Aspen CEO Chris O'Kane has dismissed suggestions that insurers are offloading unprofitable books onto "foolish" reinsurers, stating that his panel partners today are "smart and sophisticated"

Charlie Thomas, 02 May 2017

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