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AIG’s P&C writings scaled back by a fifth

American International Group's commercial insurance arm booked $4.42bn of net written premiums in the second quarter of 2016, down 20 percent year-on-year, with the reduction in retained business now likely to be higher than previously suggested.

Adam McNestrie, 03 August 2016
AIG may be turning a corner: analysts

Analysts welcomed signs of progress on American International Group (AIG)'s turnaround plans as the insurer beat Wall Street consensus forecasts in its second quarter results released yesterday

Winifred Okocha, 03 August 2016
Chubb leads $96mn Emirates plane crash

Chubb is the lead insurer for the Emirates programme that will be hit after flight EK521 crash-landed at Dubai International Airport, The Insurance Insider can reveal.

Adam McNestrie, 03 August 2016
AIG’s Kuchinski resurfaces at Allied World

Robert Kuchinski, former American International Group (AIG) global property executive for Europe, the Middle East and Africa, has joined Allied World as head of international property

Catrin Shi, 03 August 2016
Swiss Re insures farmers in northeast China

Swiss Re has signed a $348mn deal that will provide farmers in China's northeast Heilongjiang province with protection from natural hazards for the first time.

03 August 2016
Axa P&C earnings dip in H1

Underlying earnings after tax at Axa's P&C operations fell by 6 percent at constant foreign exchange rates to EUR1.2bn for the first half of the year, amid a challenging investment environment

Charlie Thomas, 03 August 2016
Fosun plans $6bn asset sell-off

Fosun is looking to dispose of as much as 40bn yuan ($6bn) of assets in a bid to lift its credit rating above junk status

Catrin Shi, 03 August 2016
Novae profits rise on investment performance

Novae's pre-tax profits excluding foreign exchange movements were up 30.7 percent to £37.9mn ($49.7mn) for the first half of the year, marking a record H1 performance for the group.

Charlie Thomas, 03 August 2016
AFG just beats as combined ratio improves

American Financial Group (AFG) edged ahead of Wall Street forecasts for the second quarter as operating earnings were unaffected by its preannounced $65mn charge relating to business line exits at rebranded Lloyd’s platform Neon.

David Bull, 03 August 2016
Reserve releases help offset Alleghany’s $125mn Q2 cat loss

Alleghany reported $124.8mn of catastrophe losses in its second quarter results but said that the impact on its bottom line had been partially offset by $90mn of favourable reserve development.

Dan Ascher, 03 August 2016

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