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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
Universal posts a Q4 profit despite Florida pressures

Expansive Universal Insurance Holdings showed the benefits of its well-established and geographically diversified platform as it became the first of the publicly traded Floridians to report a sub-100 combined ratio for the 2016 fourth quarter.

David Bull, 22 February 2017
HCI combined ratio climbs to 105% on cats and AOB

HCI Group has joined fellow Floridian United Insurance in reporting a fourth-quarter underwriting loss as the impact from Hurricanes Hermine and Matthew combined with adverse reserve development associated with the assignment of benefits (AOB) crisis in the state.

David Bull, 22 February 2017
Tornadoes blast San Antonio leaving $120mn in losses

At least four tornadoes ripped through sections of San Antonio, the second-largest city in Texas by population, over the past weekend. Together with rain and hail that swept a 350-mile arc through the state, insurers are expecting losses to reach some $120mn.

Ted Bunker, 22 February 2017
AmTrust ANV unit taps Pittinger for underwriter role

ANV Global Services named James Pittinger to the role of underwriting director for the AmTrust-owned North American Managing General Underwriter.

Ted Bunker, 22 February 2017
Title insurers ride US mortgage demand to 2016 gains

Property title insurers had a good year in 2016, with the four largest carriers reporting an aggregate operating profit margin of 11 percent, according to Fitch Ratings.

Ted Bunker, 22 February 2017
Data capture crucial to Tom success: LMA

The Lloyd's Market Association (LMA) has said linking data capture with the placement platform (PPL) project should be the "highest priority" for the London market reform process.

Bernard Goyder, 21 February 2017
United Insurance shares drop on Q4 earnings miss

Investors punished Floridian carrier United Insurance Holding's greater-than-expected fourth quarter loss as its shares fell more than 9 percent in early trading in New York.

Matthew Neill, 21 February 2017
Axis adds Brown for MGA push

Axis Insurance has hired Julian Brown as a vice president and underwriter to grow its London market managing general agency (MGA) business

Matthew Neill, 21 February 2017

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