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AmTrust Q2 profits up on investment returns

US specialty carrier AmTrust beat Wall Street's earnings per share estimate of $0.71 by 10 cents this morning after it boosted its second quarter operating profits by 7.5 percent year-on-year to $140.3mn

Matthew Neill, 02 August 2016
Direct Line shares jump on H1 results

Shares in UK personal lines carrier Direct Line jumped more than 9 percent in early London trading, despite profits falling 3.6 percent year-on-year for the first half of 2016

Matthew Neill, 02 August 2016
ANV grows M&A insurance capacity

ANV Global Services has increased its Lloyd's underwriting capacity for M&A insurance to $40mn per risk

Catrin Shi, 02 August 2016
Watford purchases dormant US carrier

Watford Specialty Insurance Company (WSIC) has acquired a previously dormant insurer that holds admitted insurance licences in all 50 US states and the District of Columbia for an undisclosed amount.

Matthew Neill, 02 August 2016
Lockton hires Aon aviation CEO

Independent insurance intermediary Lockton has hired Peter Schmitz to lead its aviation practice

Matthew Neill, 02 August 2016
Ebix tenders improved $475mn bid for Patriot National

Insurance software provider Ebix has upped its offer for industry technology firm Patriot National to $475mn.

Matthew Neill, 02 August 2016
XL Catlin appoints Americas political risk chief

XL Catlin has hired Richard Abizaid as regional product leader for its Americas political risk and trade credit team

Matthew Neill, 02 August 2016
More mutual mergers expected: Swiss Re

Swiss Re has predicted that the mutual insurance market will undergo further consolidation as member-owned carriers try to benefit from economies of scale

Dan Ascher, 02 August 2016
Ergo completes EUR90mn ATE acquisition

Munich Re's insurance subsidiary Ergo has completed its acquisition of Greek P&C insurer ATE Insurance from Piraeus Bank, the company announced yesterday.

Matthew Neill, 02 August 2016
Profits down but top line surges at Endurance

Endurance reported a dip in operating profits of 30 percent to $53.6mn as preannounced second quarter cat losses fed through to the bottom line.

David Bull, 02 August 2016

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