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Third Point investments sour in October
Third Point Re's investment management arm Third Point LLC has reported a negative investment return of 1.1 percent for October.
Matthew Neill
,
01 November 2016
Canterbury earthquake claims hit NZ$19bn
Paid claims for commercial and residential losses stemming from the Canterbury earthquakes in New Zealand in 2010 and 2011 have reached NZ$19bn ($13.6bn), according to the Insurance Council of New Zealand (ICNZ)
Matthew Neill
,
01 November 2016
Matthew claims climb in Florida
Claims tied to Hurricane Matthew, which brushed Florida almost a month ago, mounted again in the past week, Florida regulators reported today, placing the total value at $606mn as of late Friday (28 October).
Ted Bunker
,
01 November 2016
Allied World beats Wall Street estimates with $55.2mn profit
Allied World Assurance beat market expectations with a third-quarter profit of $0.62 a share even as its combined ratio weakened and underwriting income dropped almost 23 percent.
Ted Bunker
,
01 November 2016
Frankland to join Aon Benfield as UK CEO
Guy Carpenter's Europe, Middle East and Africa CEO Nick Frankland will join arch rival Aon Benfield after seeing out his gardening leave, The Insurance Insider can reveal
Adam McNestrie
,
31 October 2016
Sciemus makes three hires
London-headquartered data analytics and underwriting management firm Sciemus has recruited three new staff to its space and aviation, cyber and power teams
Matthew Neill
,
31 October 2016
McMellin and Tillenburg among XL Catlin departures
XL Catlin's UK insurance CEO Andrew McMellin and its Europe, Middle East and Africa insurance CEO Ralf Tillenburg are set to leave the business, as group chief executive Mike McGavick moves to deliver promised synergies, The Insurance Insider can reveal.
Adam McNestrie
,
31 October 2016
Matthew could have been $38bn event: Noonan
A 30-mile westward movement in the track of Hurricane Matthew would have inflicted a $38bn loss on the (re)insurance industry, shocking the retro market and forcing a correction in US property cat reinsurance pricing, Validus CEO Ed Noonan has said.
Adam McNestrie
,
31 October 2016
CNA shares climb 6% on results
CNA Financial reported a strong earnings beat for the third quarter with earnings per share (EPS) of $1.15 as net operating income jumped by 48 percent to $311mn
Matthew Neill
,
31 October 2016
Emea CEO Frankland exits Guy Carp
Nick Frankland, Guy Carpenter's CEO of Europe, the Middle East and Africa, is leaving the broking house after more than a decade, The Insurance Insider can reveal
Fiona Robertson
,
31 October 2016
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