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Towergate rebrands London operation as Bishopsgate

UK intermediary Towergate has relaunched its London market broking business as Bishopsgate following a number of senior appointments.

Matthew Neill, 02 November 2016
Georgia Matthew losses estimated at $90mn

Insured losses in Georgia stemming from Hurricane Matthew have been estimated at $90mn, according to the state's insurance commissioner.

Matthew Neill, 02 November 2016
Elliott Management takes majority Aeolus stake

London-based hedge fund manager Elliott Management Corporation has agreed to purchase a majority stake in Bermuda-headquartered ILS manager Aeolus Capital Management.

Fiona Robertson, 02 November 2016
RenRe misses as underwriting profits fall

RenaissanceRe reported third quarter profits that came in below Wall Street expectations as a decrease in reserve releases caused underwriting profits to fall.

David Bull, 02 November 2016
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

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