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US tax reform will not change competition: McGavick

XL Group CEO Mike McGavick has dismissed claims that potential US tax reform under President Donald Trump would result in "huge competitive disruption".

Catrin Shi, 02 February 2017
Middle Eastern carriers’ ratings weaken in 2016: AM Best

Ratings downgrades exceeded upgrades for Middle Eastern (re)insurers in 2016, according to AM Best

Charlie Thomas, 02 February 2017
Chubb names digital head

Sean Ringsted has been appointed to the new position of executive vice president and chief digital officer for the Chubb group, the carrier announced yesterday

Charlie Thomas, 02 February 2017
ACR completes Malaysia and takaful subsidiary acquisitions

Asia Capital Re (ACR) has taken full ownership of its Malaysian and takaful subsidiaries, it announced today.

Matthew Neill, 02 February 2017
Hannover Re lifts full-year forecast

Global reinsurer Hannover Re has lifted its 2017 net income forecast to more than EUR1bn ($1.1bn) from more than EUR950mn, but noted that global market conditions remain challenging.

Matthew Neill, 02 February 2017
Axis shares jump 5% following Q4 earnings beat

Shares in Bermuda-based carrier Axis were up by 5.16 percent today to $67.9 at 15:44 GMT (10:44 ET) as investors reacted positively to the company's Q4 results.

David Bull, 02 February 2017
Allstate tops estimates as it curbs troublesome auto lines

Allstate surpassed Wall Street expectations for the fourth quarter as profits surged almost 36 percent.

Ted Bunker, 02 February 2017
AFG points to more acquisitions after earnings beat

American Financial Group (AFG) saw fourth quarter core operating earnings climb to $176mn last year, up from the $136mn it reported for the final three months of 2015.

Dan Ascher, 02 February 2017
XL beats and significantly grows reinsurance top line

XL Group reported operating profits of $128.4mn for the fourth quarter that were down on the $195.0mn generated in the prior-year period as higher cat losses hit the bottom line.

David Bull, 02 February 2017
Allied World misses as cat losses erode bottom line

Fairfax’s latest major insurance acquisition target Allied World reported $42.4mn in fourth quarter profit for 2016, roughly in line with the same period in 2015, as the company absorbed nearly $50mn in catastrophe losses

Dan Ascher, 02 February 2017

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