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RenRe joins ranks of Ogden rate victims with $30mn hit

RenaissanceRe has joined the ranks of Ogden rate-impacted carriers, alerting investors late today (12 April) that the reduced discount on lump-sum settlements in the UK would peel $30mn from its pre-tax profit for this year's first quarter.

Ted Bunker, 13 April 2017
AM Best downgrades MS Amlin’s Lloyd’s syndicate

AM Best has downgraded the financial strength of MS Amlin's Lloyd's syndicate to A from A+ citing weakened performance over the past five years.

Dan Ascher, 13 April 2017
AmTrust recoups some losses as sisters struggle

Shares in AmTrust rebounded slightly today, gaining almost 6 percent in New York trading following a bruising session Tuesday after a report saying the company was the subject of FBI and Securities and Exchange Commission (SEC) inquiries.

Dan Ascher, 13 April 2017
Alliant sets up specialty group under Arkley

Alliant has consolidated its specialty practices into one group and named former Aon construction services group CEO Peter Arkley to lead the new unit as president.

Ted Bunker, 13 April 2017
Kingstone wins coveted A- rating from AM Best

Kingstone Insurance Company's plan to earn an upgrade from AM Best has paid off with the agency awarding the insurer an A- financial strength rating, up from B++.

Dan Ascher, 13 April 2017
BP Marsh restates value of Besso exit to £22mn

The listed venture capital and private equity investor BP Marsh & Partners has restated the value of the nearly 38 percent stake in insurance broker Besso that it sold earlier this year to BGC Partners.

Bernard Goyder, 12 April 2017
Hamblin takes on Blenheim active underwriter mantle

John Hamblin has been appointed active underwriter at Blenheim Syndicate 5886, replacing his former Cathedral colleague Nick Destro

Bernard Goyder, 12 April 2017
Activist Paulson to exit AIG board: report

Activist investor John Paulson is set to leave the board of AIG, according to a media report

Charlie Thomas, 12 April 2017
Hannover Re to retain Argenta members’ agent

Hannover Re has decided to keep Argenta's members' agency, ending speculation that it would spin off the Names advisory arm after its acquisition of the Lloyd's business closes, The Insurance Insider understands

Adam McNestrie, 12 April 2017
Ogden cut causes $173mn reserves hit at LV

Mutual insurer LV swung into the red in 2016 as it increased its reserves by £139.0mn ($172.9mn) to offset the impact of a steeper-than-expected cut in the UK discount rate for personal injury compensation

Laura Board, 12 April 2017

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