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State National profits tick up

Net profits at fronting carrier State National increased by 3.2 percent to $10.0mn in the second quarter, as ceding fees climbed by 3.3 percent to $16.9mn.

Dan Ascher, 11 August 2016
Markel’s E&S business up ‘single digits’ in Q2

Markel’s excess and surplus lines (E&S) business grew in the second quarter but only by “single digits”, the carrier’s president Michael Crowley told investors last week.

Dan Ascher, 11 August 2016
E&S growth and higher profits at James River

Second quarter operating profits at James River Group (JRG) were up 10.5 percent to $13.7mn as the specialty insurer and working layer reinsurer reported higher underwriting profits and strong top-line growth in its excess and surplus lines (E&S) and admitted business.

David Bull, 11 August 2016
AIG dials back E&S writings

AIG has been scaling back its excess and surplus lines (E&S) exposure as it responded to increased pricing pressure in the first half of the year.

Adam McNestrie, 11 August 2016
E&S reserve charge hits AFG’s casualty profits

American Financial Group (AFG) has revealed that a second quarter reserve charge within its excess and surplus lines (E&S) business hampered the profitability of its specialty casualty division.

Dan Ascher, 11 August 2016
Kinsale shares up 22% two weeks after IPO

Shares in US specialty insurer Kinsale Capital Group are trading up more than a fifth on the initial offer price when it went public a fortnight ago.

Dan Ascher, 11 August 2016
Zurich hires Asia Pacific CEO

Zurich has appointed Jack Howell as Asia Pacific CEO from 1 September, it announced today

Catrin Shi, 11 August 2016
Allied World names Malaysia country manager

Allied World has hired AIG's Ramesh Sivanathan to head up its Malaysian operation.

Matthew Neill, 11 August 2016
Zurich reports 17% growth in Q2 profits

Mario Greco's turnaround plan at Zurich and the remediation efforts of previous management showed signs of bearing fruit today as the global insurer revealed a 17 percent increase in second quarter group operating profits to $1.1bn

Charlie Thomas, 11 August 2016
Judge calls for State Farm to repay $85mn to homeowners

An administrative law judge in California has recommended that US carrier State Farm repay homeowners’ policyholders at least $85mn after it was found to have overcharged its customers.

Matthew Neill, 10 August 2016

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