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Domestic book drives 84% profit hike at Tokio Marine

Tokio Marine's half-year profits increased by 83.7 percent to 213bn yen ($1.95bn), driven by the performance of its domestic non-life arm.

Charlie Thomas, 18 November 2016
IAG expects A$200mn losses from NZ quake, storms

IAG said it would take net losses of A$200mn ($148mn) from the New Zealand earthquake and recent Australian and trans-Tasman storms, leaving its aggregate reinsurance contracts on the hook to pick up any excess claims.

Fiona Robertson, 18 November 2016
PCS revises down Canada wildfire loss to C$3.98bn

PCS has reduced its estimate of insured losses from the Fort McMurray wildfires to C$3.98bn ($2.96bn), as insurers get a better handle on claims from the event.

Lucy Jones, 18 November 2016
WR Berkley launches cyber business

WR Berkley has formed a new cyber insurance business under the leadership of Tracey Vispoli, an underwriting executive who previously ran a $1.6bn unit for Chubb.

Adam McNestrie, 18 November 2016
The Hanover taps ex-Aetna exec Keim to lead strategy

The Hanover Insurance Group named Mark L. Keim as executive vice president for corporate development and strategy.

Ted Bunker, 18 November 2016
New Zealand quake losses may total $3.5bn

Insured losses from the 14 November earthquake that struck New Zealand’s South Island could reach NZD5.3bn ($3.5bn), AIR Worldwide said in an estimate issued late today.

Ted Bunker, 18 November 2016
Ryan pledges allegiance to retail agent

RSG chairman and chief executive Pat Ryan has reiterated his commitment to retail agents as he revealed details of his firm's "bet" to cut transactional cost for the E&S market.

Dan Ascher, 18 November 2016
Axis shifts US P&C focus to E&S market

Axis Capital is closing down a number of units in its US P&C retail insurance business as it reallocates personnel, capacity and resources to its expansive wholesale excess and surplus lines (E&S) platform, The Insurance Insider can reveal.

David Bull, 18 November 2016
Chubb sets $1bn share repurchase plan

Chubb surprised investors and analysts alike by laying out plans to repurchase $1bn of its own shares by the end of 2017, less than a year after combining with Ace Group.

Dan Ascher, 18 November 2016
Fannie Mae picks up cover for 15- and 20-year mortgages

Fannie Mae closed on its latest deal to shed risk on its US residential mortgage holdings with an $11.7bn package of 15- and 20-year loans, the government-controlled financial organization said today.

Ted Bunker, 18 November 2016

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