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Markel profits hit by $37mn reserve charge

A $36.5mn reserve strengthening exercise prompted by adverse development in Markel's liability insurance business has contributed to a 10 percentage point uptick in the group's Q3 combined ratio.

Dan Ascher, 02 November 2016
Argo profits jump 55% as top line climbs

Argo Group saw its bottom line surge by 55 percent in the third quarter as gross written premiums leapt by more than a fifth at the Bermuda-based carrier.

Dan Ascher, 02 November 2016
American Financial tops estimates as annuity unit delivers gains

American Financial Group beat third-quarter profit forecasts as it reported an 8.9 percent increase in core net operating earnings, driven by its annuity segment and investment income from its P&C lines.

Ted Bunker, 02 November 2016
TransRe contributes to strong Alleghany earnings beat

Alleghany reported strong top and bottom line growth that allowed the company to easily surpass Wall Street earnings forecasts for the third quarter.

David Bull, 02 November 2016
UPC falls to underwriting loss on adverse development and cats

United Insurance Holdings' third quarter profit missed Wall Street expectations as cat losses and non-cat adverse development sent the Florida-based carrier to an underwriting deficit.

Ted Bunker, 02 November 2016
Turkish cat pool gets 10%+ rate reduction

The Turkish Catastrophe Insurance Pool (TCIP) is thought to have secured rate reductions of just over 10 percent on a risk-adjusted basis as it consolidated layers on its core cat treaty, The Insurance Insider can reveal.

David Bull, 01 November 2016
Aspen acquires Puerto Rico marine MGA Blue Waters

Bermudian Aspen Insurance has purchased a marine specialist managing general agency (MGA) Blue Waters Insurers, based in San Juan, Puerto Rico.

Matthew Neill, 01 November 2016
CNA expects up to $70mn of Matthew losses

CNA Financial could face claims of up to $70mn tied to Hurricane Matthew, which glanced the southeast coast of the US last month.

Dan Ascher, 01 November 2016
New CII strategy focuses on building public trust in insurance

UK-headquartered industry professional body the Chartered Insurance Institute (CII) today launched a Strategic Manifesto, which laid out a five-year plan on how it will modernise and work with the profession to build public trust.

01 November 2016
Swiss Re reinsures $350mn Guangdong cat scheme

Swiss Re is the sole reinsurer involved in a new catastrophe insurance scheme in the industrial Chinese province of Guangdong, the carrier announced.

Fiona Robertson, 01 November 2016

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