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Insider View: Novae profits warning
Investors are a ruthless lot when they want to be.
Matthew Neill
,
13 December 2016
Novae shares drop 25% as investors punish profit warning
Shares in Novae fell as much as 27 percent last week after the London-based (re)insurer warned that its full-year profits would fall due to larger individual risk losses in the second half of the year.
Matthew Neill
,
13 December 2016
Commercial P&C pricing flattening: Willis
Prices were mostly flat across commercial P&C lines during the third quarter, with commercial auto coverage providing the most significant increases, according to Willis Towers Watson.
Ted Bunker
,
13 December 2016
Generali shares volatile on Italian bank concerns
Shares in Generali climbed 14.22 percent last week to close at EUR14.12 following volatile trading in Italian financial stocks.
Matthew Neill
,
13 December 2016
Navigators lures Ironshore agriculture reinsurance team
Navigators has taken an agriculture treaty team from Ironshore International as it looks to build out its nascent reinsurance platform, The Insurance Insider can reveal.
David Bull
,
13 December 2016
Greenberg loses Supreme Court bid to block NY trial
Former AIG CEO Maurice "Hank" Greenberg lost a bid to block New York State's prosecution of fraud charges against him as the US Supreme Court declined to hear his argument for overturning a lower court ruling that ordered him to stand trial on the civil charges.
Ted Bunker
,
13 December 2016
Arrowhead closes San Fran office as Barwick leaves
Arrowhead General Insurance Agency has shut down its San Francisco office and parted company with Caroline Barwick, little more than a year after she joined to launch a new all-risk commercial property cat facility, The Insurance Insider can reveal.
David Bull
,
13 December 2016
Dual shelves £180mn capacity consolidation project
Hyperion's managing general agency (MGA) arm Dual has suspended its efforts to create a cornerstone panel of capacity providers for its non-financial lines book, The Insurance Insider understands.
Adam McNestrie
,
13 December 2016
Jubilee loss pegged at $1.2bn-$1.4bn by reinsurers
The damaged Jubilee fields floating production, storage and offloading (FPSO) vessel Kwame Nkrumah is currently expected to cost (re)insurers as much as $1.4bn, The Insurance Insider understands.
Adam McNestrie
,
13 December 2016
All I want for Christmas is real interest rates
Dear Santa,
Mark Geoghegan
,
13 December 2016
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