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AM Best downgrades Greenlight Re to A-

AM Best has punished hedge fund reinsurer Greenlight Re for its deteriorating underwriting results by downgrading its financial strength rating to A- from A and its credit ranking to a- from a.

Dave Bull, 04 November 2016
RSA ‘relaxed’ about large Q3 losses

UK carrier RSA is comfortable with large losses incurred so far this year, despite breaching the modelled 8.5 percent of net earned premiums benchmark, according to CFO Scott Egan.

Charlie Thomas, 03 November 2016
Federated National beaten up on Q3 disappointment

Investors pummeled shares of Florida insurer Federated National today after the company reported sharply lower third quarter profit on rising expenses.

Ted Bunker, 03 November 2016
Underwriters resist deeper mining reductions: Marsh

The pace of rate reductions in the mining market is starting to slow as underwriters display signs of resistance to further cuts, according to Marsh.

Matthew Neill, 03 November 2016
Gable administrator asks court to delay bankruptcy

PwC has asked the Liechtenstein courts to delay bankruptcy proceedings at Gable Insurance to provide investors with a final opportunity to inject capital into the business.

Charlie Thomas, 03 November 2016
Q3 miss drives AIG down 5%

Shares in AIG dropped 5 percent in early New York trading today following deterioration in the carrier's commercial insurance book during the third quarter

Catrin Shi, 03 November 2016
Lancashire Q3 results prompt 8% share rise

Shares in Lancashire surged by more than 8 percent during morning trading after the London-listed carrier posted a 30 percent increase in third quarter pre-tax profits to $42.9mn

Matthew Neill, 03 November 2016
AmTrust profit falls 16% but beats consensus

Third quarter operating earnings at AmTrust fell 16 percent year-on-year to $126.3mn, after a 14 percent increase in total expenses impacted the bottom line

Catrin Shi, 03 November 2016
Dawson joins Lancashire as NED

Lancashire has announced the appointment of market veteran Michael Dawson as a non-executive director

Charlie Thomas, 03 November 2016
Swiss Re beats consensus as core underwriting weakens

Swiss Re reported third quarter net income of $1.18bn, down 16.1 percent year-on-year, as underwriting profits in its P&C operations fell sharply.

Adam McNestrie, 03 November 2016

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