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Proposed federal insurance ‘czar’ draws industry fire

At least two industry advocacy groups have come out against a proposal in the Republican measure to repeal or rewrite major parts of the Dodd-Frank Act to replace the Federal Insurance Office with a new Office of the Independent Insurance Advocate, saying there is no need for either entity

Ted Bunker, 26 April 2017
CNA picks up RSA’s Creatura to lead Canada unit

CNA named Nick Creatura as president and CEO of its Canadian operation after recruiting him from RSA, where he was executive vice president and chief financial officer for Canada

Dan Ascher, 26 April 2017
Chubb skirts significant cat losses to deliver Q1 beat

Insurance giant Chubb avoided the uptick in cat losses that has emerged as a trend of the first quarter reporting season to deliver a 15.3 percent gain in operating income

Dan Ascher, 26 April 2017
Universal rises 14% on earnings beat

Shares in Universal Insurance Holdings went up as much as 13.7 percent today to a high of $26.55 per share as investors welcomed the company's strong set of first quarter results.

Ted Bunker, 26 April 2017
UGC drives Arch to earnings beat in Q1

Arch Group beat consensus expectations for the third quarter in a row with operating earnings of $1.42 per share versus Wall Street's $1.32 per share estimate, mostly thanks to added profits from the UGC mortgage book.

Iulia Ciutina, 26 April 2017
Generali grows US team in western push

Generali Global Corporate & Commercial (GC&C) has hired a trio of senior underwriters and opened offices in Chicago and San Francisco, in a move that will bolster the Italian carrier’s US footprint.

Bernard Goyder, 25 April 2017
Industry should look outside for innovation path: Branch

(Re)insurers should not obsess over pure innovation and must look to other sectors for industry-changing ideas, according to XL Accelerate chief executive Vincent Branch.

Matthew Neill, 25 April 2017
XL Catlin adds to M&A insurance team

XL Catlin has hired two additional M&A insurance underwriters in the US, the company has said.

Laura Board, 25 April 2017
Earnings beat propels Everest Re to 5% gain

Everest Re shares jumped as much as 5.4 percent in New York trading today after the company easily beat Wall Street’s first-quarter earnings expectations as revenue rose while costs fell.

Matthew Neill, 25 April 2017
Kemper latest victim of US cat losses

New York-listed insurer Kemper Corporation has become the latest carrier to surprise investors with higher-than-expected first quarter cat losses as it warned major claims could cost as much as $70mn for the period.

Dan Ascher, 25 April 2017

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