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AmTrust settles long-running Italian med-mal suit
AmTrust has ended a long-running feud with its former Italian medical malpractice broker and its CEO Antonio Somma, the insurer said in a US Securities and Exchange Commission filing late last month (20 July)
Dan Ascher
,
05 August 2016
Willis reports 1% organic growth for Q2
Business in the Great Britain segment of Willis Towers Watson helped the broker generate 1 percent organic growth in Q2 2016, thanks to new business in P&C, facultative and financial lines.
Matthew Neill
,
05 August 2016
Lloyd’s expenses challenging business model: Watson
High expenses on both commissions and compliance spending are challenging the viability of the Lloyd's business model, according to Argo Group CEO Mark Watson
Matthew Neill
,
05 August 2016
Allstate slashes Florida cat limit
Allstate has scaled back the catastrophe reinsurance limit for its Floridian exposures by $75mn for 2016/17.
05 August 2016
Suncorp buys new $230mn sideways cover
Australasian giant Suncorp has tapped the reinsurance market for a new A$300mn ($230mn) aggregate programme
Fiona Robertson
,
05 August 2016
Esure H1 profits down on weather losses
Underlying profits before tax at UK-listed motor carrier Esure dropped 1.9 percent to £45.6mn ($59.9mn) in the first half of 2016, as a deterioration in the loss ratio and adverse weather events affected its combined ratio
Matthew Neill
,
05 August 2016
Cat losses weigh on P&C profits at Allianz
Operating profit at Allianz's P&C division fell by 37 percent to EUR1.1bn ($1.2bn) in Q2 2016, due to a strong increase in natural catastrophe claims.
Charlie Thomas
,
05 August 2016
Investments help offset underwriting loss at Third Point Re
Third Point Re reported a significant increase in second quarter net profits but fell to an underwriting loss because of adverse development on auto, workers' compensation and Florida homeowners' business.
David Bull
,
05 August 2016
Maiden profits flat as top line expands
Maiden's bottom line remained exactly flat in Q2, while it reported a modest 2.1 percent increase in gross written premiums.
Dan Ascher
,
05 August 2016
Navigators beats despite Q2 cat burden
Navigators reported a modest earnings beat for the second quarter despite a 61 percent drop in operating profits driven by cat losses.
Dave Bull
,
05 August 2016
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