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AJG pursues Scottish broker for breach of contract

AJ Gallagher (AJG) has launched proceedings against Graham Hudson, the former director of its Aberdeen office, accusing him of client solicitation during a restricted period.

Matthew Neill, 22 February 2017
Ironshore raises terrorism and sabotage capacity

Ironshore International has boosted its terrorism and sabotage capacity to $400mn, effective immediately

Bernard Goyder, 22 February 2017
Nephila and Greenlight write 20% United QS

United has bought a new 20 percent quota share cover from Nephila Capital and Greenlight Re, the Floridian insurer said on an analyst call after the release of its fourth quarter results

Fiona Robertson, 22 February 2017
Suncorp challenges Fairfax for Tower

Suncorp subsidiary Vero has made a competing bid of NZ$1.30 ($0.93) a share for 100 percent of New Zealand insurer Tower, less than two weeks after Tower accepted a NZ$1.17 offer from Fairfax Financial

Laura Board, 22 February 2017
Higher claims push IAG HY profits down 6%

Increased natural catastrophe losses caused IAG to report a 6 percent drop in insurance profits to A$571.0mn ($438.8mn) for the second half of last year

Matthew Neill, 22 February 2017
Former RSA Ireland CFO admits misconduct

Rory O'Connor, the former CFO for RSA Insurance Ireland, has admitted misconduct and agreed to fines and other sanctions following an investigation by the Financial Reporting Council (FRC).

Charlie Thomas, 22 February 2017
Scor Global P&C operating profit beats consensus

Scor Global P&C reported a fourth quarter operating result of EUR177mn ($187mn), down 4 percent on the same period of the previous year but 20 percent better than the analyst consensus forecast

Catrin Shi, 22 February 2017
Steadfast H1 earnings increase as SME rates rise

Steadfast has reported a 13 percent increase in first-half net profit to A$30mn ($23mn) as revenues ticked up 8 percent to A$243.3mn

Laura Board, 22 February 2017
Opinion: Floridian AOB pain

If it was needed, there was plenty more evidence of the pressures facing Florida homeowners' carriers as three of the sector's big guns reported fourth quarter results at the start of the week

David Bull, 22 February 2017
PartnerRe profit drops 32% reflecting Matthew loss

PartnerRe profit fell in the fourth quarter on losses from Hurricane Matthew and lower additions from favourable prior-year reserve development, the Bermuda-based Exor unit said today in a regulatory filing.

Ted Bunker, 22 February 2017

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