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Global P&C reinsurance combined ratios worsen in Q2

Global reinsurers' flagship P&C reinsurance arms reported a decrease in underwriting margins in the second quarter of 2016, led by elevated catastrophe losses and a rise in expenses.

Iulia Ciutina, 23 August 2016
Lloyd’s carriers’ returns nearly double in H1 2016

The listed Lloyd's carriers reported double-digit returns for the first half of 2016, surpassing their 2015 performance as investment returns recovered.

Iulia Ciutina, 23 August 2016
Zurich targets execs in first wave of job cuts

Around 20 percent of the 1,900 executive roles at Zurich are facing the axe as part of CEO Mario Greco's wider cost-cutting plans, according to reports.

Catrin Shi, 23 August 2016
Barbican loses cyber head

Geoff White, business group leader for cyber liability at Barbican, is to leave the company, The Insurance Insider understands

Catrin Shi, 23 August 2016
News digest

JLT makes entertainment hire; Everest syndicate hires Bailey for A&H; PartnerRe appoints Ogut and Srinivasan; Willis Re names McDowell as Bermuda head; Whittaker named EPUL MD; Former Willis director sentenced; Beazley doubles environmental risk capacity to $50mn

23 August 2016
Global reinsurance GWP falls in Q2

Average gross written premium (GWP) at reinsurers in The Insurance Insider's global composite shrank by 3.8 percent year-on-year in the second quarter.

Dan Ascher, 23 August 2016
Swiss Re and ILS funds lead UPC/ACIC Florida panels

Swiss Re, Everest Re and several insurance-linked securities (ILS) funds are among the major reinsurance providers for United Insurance Holdings carrier UPC Insurance and American Coastal Insurance (ACIC).

Fiona Robertson, 23 August 2016
United grows E&S book with American Coastal merger

The recently announced tie-up between homeowners' carrier United Insurance Holdings and commercial specialist American Coastal will increase the listed Floridian's presence in the excess and surplus lines (E&S) space.

Dan Ascher, 23 August 2016
AIG ticks off UGC but long road ahead

In divesting United Guaranty Corporation (UGC) AIG is executing its game plan but it is still far from achieving its end goal.

Catrin Shi, 23 August 2016
Arch breaks the mould with UGC deal

Arch's $3.4bn takeover of mortgage insurer United Guaranty Corporation (UGC) is a transformative deal that will create a Bermudian (re)insurer like no other.

Catrin Shi, 23 August 2016

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