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Beazley committed to growth in 2017

Beazley is to continue targeting growth this year, despite an expectation that rates will further decrease

Matthew Neill, 03 February 2017
Run-off deals to total EUR8bn in 2017: Darag

Run-off specialist Darag is expecting EUR8bn ($8.6bn) of legacy deals in Europe in 2017 as companies look to address their back books for regulatory and capital efficiency reasons

Catrin Shi, 03 February 2017
Indian government seeks to raise $1.6bn from insurer IPOs

The Indian government plans to raise 11,000 crore rupees ($1.6bn) by selling stakes in state-owned insurers as part of its broader divestment strategy.

Charlie Thomas, 03 February 2017
Everest Insurance hires claims head

Everest Re has appointed Megan Watt as head of claims at its insurance arm.

Catrin Shi, 03 February 2017
Beazley shares surge as investment returns buoy profit

Beazley reported an above-forecast 3 percent increase in full-year pre-tax profits to $293.2mn for 2016 as it surprised investors with a larger-than-expected special dividend.

Bernard Goyder, 03 February 2017
Ace founder Cox dies aged 84

Ace founding chairman John Cox has died at the age of 84, Chubb announced today.

Laura Board, 03 February 2017
Validus beats in Q4 despite catastrophe hit

Validus reported net operating income of $64.3mn for the fourth quarter of 2016, surpassing the expectations of Wall Street analysts despite notable claims from Hurricane Matthew and the earthquakes in New Zealand.

Dan Ascher, 03 February 2017
The Hartford beats consensus despite P&C deterioration

The Hartford outperformed Wall Street expectations in the fourth quarter of last year despite deteriorating P&C underwriting results that included personal auto losses.

David Bull, 03 February 2017
Hanover’s $174.1mn reserve move drives earnings miss

The Hanover reported a $19.7mn operating loss for the fourth quarter, or $0.46 a share, to miss the consensus earnings view of analysts as an unfavourable prior-year reserve adjustment drained $174.1mn from its pre-tax profit.

Ted Bunker, 03 February 2017
US commercial P&C rate slide regained pace in Q4: CIAB

US commercial P&C rates softened by an average of 3.3 percent in the fourth quarter, according to the latest survey from The Council of Agents & Brokers (CIAB).

David Bull, 03 February 2017

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