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Validus misses as underwriting profits slide

Validus' profit fell 36.8 percent in the first quarter as the Bermudian reported net operating income of $76.8mn.

Dan Ascher, 27 April 2017
Aspen outpaces consensus despite profits slide

Aspen narrowly topped analyst consensus figures in the first quarter, despite weaker underwriting results that dragged earnings down by a third.

Adam McNestrie, 27 April 2017
Cincinnati Financial beats even as cat losses cut profits

Cincinnati Financial’s first quarter profit beat Wall Street estimates even as it dropped 34 percent after ballooning catastrophe losses from widespread storms in the US south and west punished underwriting result

Ted Bunker, 27 April 2017
XL beats despite cat and reserve hits

XL Group posted first quarter operating net income of $0.50 per share, ahead of Wall Street's consensus estimates of $0.47 per share and the $0.35 per share posted in the same period of 2016.

Iulia Ciutina, 27 April 2017
Zaffino may be Duperrault recruit at AIG: report

Marsh CEO Peter Zaffino’s name has appeared alongside that of Hamilton boss Brian Duperreault as a potential candidate for a role in AIG’s leadership team.

Dan Ascher, 26 April 2017
AJG buys Oklahoma’s Commercial Insurance Brokers

AJ Gallagher has snapped up another regional intermediary, this time in the form of Oklahoma’s self-styled fiercely independent Commercial Insurance Brokers.

Dan Ascher, 26 April 2017
Chinese regulator signs off $1bn ACR sale

Chinese regulator the National Development and Reform Commission (NDRC) has approved Asia Capital Re (ACR)'s $1bn sale to Shenzhen Qianhai Financial Holdings, The Insurance Insider can reveal

Adam McNestrie, 26 April 2017
Brexit to lead expansion overseas: Moore Stephens

Almost half of UK insurers and brokers are planning to establish or expand operations in another European jurisdiction because of Brexit, according to accountancy and consultancy firm Moore Stephens

Laura Board, 26 April 2017
Ogden hit dents QIC Q1 profits

Consolidated net profit at Qatar Insurance Company (QIC) declined by 5.6 percent to $85mn in the first quarter of this year, after the combined ratio took a $31mn hit from the change to the UK's Ogden rate.

Charlie Thomas, 26 April 2017
Brussels will push more EU business to Lloyd’s: Nelson

The outgoing Lloyd's chairman John Nelson is optimistic that the planned Brussels unit will increase the volume of EU business the specialty market does on the Continent

Bernard Goyder, 26 April 2017

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