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United prospers but Fed Nat and HCI hurt by AOB losses

A trio of Florida-based homeowners’ insurers reported second quarter results that reflected contrasting fortunes, including the impact of the assignment of benefits (AOB) crisis in the state.

David Bull, 03 August 2016
Reinsurance contributes to 49% profit rise at Markel

Markel's Q2 operating income increased by almost 50 percent as its reinsurance division shrugged off Canadian wildfire losses to report a significantly lower combined ratio.

Dan Ascher, 03 August 2016
AIG beats despite commercial P&C underwriting loss

AIG’s core commercial P&C division fell to an underwriting loss for the second quarter as higher cat losses and net loss reserve discount charges offset an improved underlying accident year loss ratio.

David Bull, 03 August 2016
Argo profits increase 24% despite cat hit

Argo Group saw its bottom line increase by 24 percent despite a preannounced $22.7mn catastrophe loss for the second quarter.

Dan Ascher, 03 August 2016
Cincinnati Re adds property, casualty and cat modelling heads

Cincinnati Financial has announced a trio of managing director appointments as it looks to build out its recently-launched reinsurance platform.

Dan Ascher, 02 August 2016
Guy Carp’s Askew appointed QBE Canada boss

Insurance giant QBE has hired former reinsurance broker Peter Askew as its new head of Canada.

Dan Ascher, 02 August 2016
ILW payout bears Jubilee loss for Validus

Validus recovered almost three-quarters of its Jubilee oil field loss from an industry loss warranty (ILW) payout, the carrier's second quarter results showed

Lucy Jones, 02 August 2016
Q2 losses impact reinsurer third party platforms

Third-party investors in reinsurer sidecars and asset management platforms took a share of second quarter catastrophe losses, which in turn impacted the fee income of the managing carriers

Fiona Robertson, 02 August 2016
Weather risk returns to cat bond market

A weather cat bond is being pitched to insurance-linked securities (ILS) investors for the first time since the late 1990s, sister publication Trading Risk reported last week

Lucy Jones, 02 August 2016
Brokers deliver improved results in Q2

Aon and Marsh & McLennan Companies (MMC) delivered higher organic growth year-on-year in the second quarter.

Charlie Thomas, 02 August 2016

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