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Navigators misses despite top and bottom line growth

US specialty insurer Navigators reported an 8 percent gain in profit to $17.7mn in the fourth quarter, even as its international segment held back the results.

Dan Ascher, 17 February 2017
Fairfax takes a $1bn+ Q4 investing loss exiting hedges

Fairfax Financial, in the middle of raising cash to buy Allied World Assurance for almost $5bn, reported a net investment loss that topped $1bn in the fourth quarter, erasing an operating profit mainly derived from its insurance subsidiaries.

Ted Bunker, 17 February 2017
Kinsale taps Rhoades and Pully to lead underwriting units

Kinsale Capital has elevated two executives to underwriting leadership roles.

Ted Bunker, 17 February 2017
Endurance’s Worman emerges as CNA chief underwriter

Doug Worman, former head of Endurance's US insurance business, has joined CNA, the Chicago-based carrier announced today

Dan Ascher, 17 February 2017
AIG confident over Swiss Re quota share renewal

AIG is confident it will be able to renew the Swiss Re quota share for its US casualty book on “favourable terms” when it expires at the end of this year, despite higher loss estimates on current underwriting.

David Bull, 17 February 2017
Greenberg ends epic battle with NY AG over AIG deals

Maurice “Hank” Greenberg quietly put an end to 12 years of arguments, appeals and court appearances today as the former AIG boss foreclosed on what promised to be the insurance trial of a generation.

Dan Ascher, 17 February 2017
Allianz profit jumps as it announces buyback

Allianz posted a 9.3 percent gain in fourth quarter operating profit Normal 0 false false false

Ted Bunker, 17 February 2017
Oroville Dam flood concerns remain as more rain falls

Worries that part of a 770-foot dam in northern California might fail have receded enough to lift a mandatory evacuation order that displaced nearly 200,000 people, but fresh rain kept authorities on edge as crews rushed to repair damaged spillways.

Ted Bunker, 17 February 2017
Aegis earns £56mn profit despite tough 2016

Aegis London Lloyd's Syndicate 1225 earned a profit of £56mn in 2016, a year tinged by risk losses, the company said today.

Matthew Neill, 16 February 2017
Sompo Canopius exploring management buyout

The Sompo Canopius management team, led by Michael Watson, is actively engaged in discussions around a buyout of the $1bn+ premium Lloyd's business, The Insurance Insider can reveal.

Adam McNestrie, 16 February 2017

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