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AmTrust drops 17% on financial statement warning

AmTrust's share price plummeted by over 17 percent in early trading on Friday following a statement late yesterday in which the company revealed that its financial reports for the last three years were wrong

Dan Ascher, 17 March 2017
Gen Re shakes up international P&C leadership

Gen Re has appointed new regional heads for its international P&C operations as part of a wider revamp of the reinsurer initiated by Berkshire Hathaway's Ajit Jain, The Insurance Insider understands.

Adam McNestrie, 17 March 2017
Strata teams up with State National on $120mn+ hab program

Texas-based habitational specialist Strata Underwriting Management has tied up with State National and a panel of reinsurers to offer individual policies and limits on its core programme, The Insurance Insider can reveal

David Bull, 17 March 2017
Opinion: Hartford VA sale

Not for the first time, The Hartford has made it towards the business end of a sales process for Talcott Resolution

Adam McNestrie, 17 March 2017
ICA appoints Suncorp insurance CEO as president

The Insurance Council of Australia (ICA) has appointed Suncorp's CEO of insurance Anthony Day as its president and chairman.

Laura Board, 17 March 2017
AmTrust could be near end of credibility issues: KBW

Keefe, Bruyette and Woods analysts suspended coverage of AmTrust following news the company will restate three years of accounts, but claimed the carrier could be nearing the end of its credibility issues.

Catrin Shi, 17 March 2017
InsurTech startups must grasp industry ecology: Devine

The wave of InsurTech ventures must apply experience, insurance knowledge and an understanding of how the industry functions if they are to succeed, according to Insureon CEO Ted Devine.

David Bull, 17 March 2017
AmTrust warns 2014-16 financial filings are invalid

Insurer AmTrust has warned that its financial reports for the past three years “should no longer be relied upon” and will be restated.

Dan Ascher, 17 March 2017
Florida carriers escape Demotech cuts below A for now

Demotech has not downgraded any of the Florida insurers it rates below the crucial A level as at-risk carriers responded with capital injections, reserve additions and M&A transactions.

David Bull, 17 March 2017
Cost and transparency of insurance must improve: Miller

Embroker CEO Matt Miller has warned insurers need to improve the transparency of their product and reduce costs if they are to compete with industry newcomers.

Matthew Neill, 17 March 2017

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