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Qatar Re promotes two to CUO

Qatar Re has promoted Luke Roden and Michael van der Straaten to chief underwriting officer positions after the resignation of Alastair Speare-Cole.

Catrin Shi, 16 February 2017
Lancashire shares surge on Q4 results

Shares in Lancashire were up more than 8 percent in early trading in London after the insurer raced past profit expectations in the fourth quarter.

Matthew Neill, 16 February 2017
AIG results shake investor confidence in management

AIG’s reserve charge led to a 9 percent drop in its shares while also raising questions among investors and analysts as to the capability of management to guide the company to the goals it has outlined over the past year.

Ted Bunker, 16 February 2017
James River beats consensus as top line balloons by 60%

James River surpassed the expectations of analysts in the fourth quarter as it reported operating profit of $23.2mn and a top line that increased by almost 60 percent.

Dan Ascher, 16 February 2017
AIG lowers sights on 2017 targets

AIG has revised down return on equity (RoE) and commercial insurance accident year loss ratio targets for 2017 that were key tenets of the turnaround strategy it launched early last year.

David Bull, 15 February 2017
Maiden shares plunge 10% after $120mn reserve charge

Shares in Maiden Holdings plummeted by more than 10 percent today after the Bermuda-based reinsurer announced a $120mn charge related to commercial auto losses.

Dan Ascher, 15 February 2017
AIG shares plunge over 9% at opening in New York

AIG shares plunged more than 9 percent in early New York trading today to chop more than $5bn from the insurance giant's market value

Ted Bunker, 15 February 2017
Workers’ comp drives AIG $5.6bn reserve charge

US primary workers' compensation was the biggest line in AIG's fourth quarter reserve strengthening, with more than half of the deterioration coming from the accident years 2011-15

Charlie Thomas, 15 February 2017
JLT Specialty hires cargo specialist White

JLT Specialty USA has hired marine cargo specialist Jim White from Willis Towers Watson

Laura Board, 15 February 2017
AIG activist board member Paulson cuts stake

Hedge fund Paulson & Co has slashed its stake in global insurer AIG, divesting almost half of its holding in the fourth quarter.

Bernard Goyder, 15 February 2017

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