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Run-off and StarStone drive Enstar profit surge

Enstar Group reported third quarter net earnings that more than trebled on the back of a much higher contribution from its core non-life legacy arm and the continued turnaround of its StarStone live underwriting unit.

David Bull, 09 November 2016
Patriot National rejects $475mn Ebix bid

Patriot National, a software provider to the property and casualty sector, has rejected a $475mn unsolicited takeover bid from its larger rival Ebix.

Dan Ascher, 09 November 2016
Euler Hermes profit declines amid restructuring

Trade credit insurer Euler Hermes's third quarter profit slipped by about 2.2 percent year-on-year as restructuring costs related to European job cuts bit into earnings at the Allianz unit.

Ted Bunker, 09 November 2016
D&O rates fall by 2.9% in Q3: Aon

The market for directors' and officers' (D&O) insurance has seen a fight to the bottom as carriers again dropped rates to retain business in the third quarter.

Dan Ascher, 09 November 2016
Amwins hires CFO and elevates Purviance to board

Amwins Group has hired a dedicated CFO and elevated incumbent and COO Scott Purviance to its board.

Ted Bunker, 09 November 2016
Allied World names European claims head

Allied World has appointed Chubb's Stephen Crabb to lead its European claims operation, the carrier said today

Dan Ascher, 08 November 2016
Madison Dearborn extends Towergate offer

Private equity firm Madison Dearborn has offered to purchase all remaining shares in UK broker Towergate not owned by itself, Sentry, HPS Investment Partners (formerly Highbridge), KKR or Bain

Matthew Neill, 08 November 2016
Travelers settles $126mn asbestos dispute

US carrier Travelers has agreed a pre-tax settlement with one of several defendants in a long running reinsurance dispute over historical asbestos liabilities resulting in a $126.1mn gain for the company.

Matthew Neill, 08 November 2016
The Insider 30

Share price data on The Insurance Insider's universe of P&C (re)insurers

08 November 2016
Chubb shakes up P&C and financial lines

Andreas Faden has been promoted by Chubb to become P&C manager for Germany, the company has said.

Charlie Thomas, 08 November 2016

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