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Nat cats push Swiss Re to Q2 underwriting loss

Swiss Re's P&C reinsurance division posted an underwriting loss of $42mn in the second quarter, as higher-then-expected catastrophe losses pushed the combined ratio up 8.1 points to 101 percent.

Catrin Shi, 29 July 2016
Investment gains send Fairfax back to black

Net gains on investments helped Fairfax Financial return to a net profit for the second quarter despite a dip in underwriting profits in the cat-affected reporting period.

David Bull, 29 July 2016
The Hartford hit by auto and A&E deterioration

The Hartford’s second quarter results were affected by $228mn of reserve charges that primarily stemmed from adverse development in its book of legacy asbestos and environmental (A&E) liabilities and its personal lines auto business.

Dan Ascher, 29 July 2016
Cat losses and forex movements hit Chaucer profits

Lloyd's syndicate Chaucer saw operating income fall to just $5.5mn for the second quarter as catastrophe losses and a weak pound took their toll on the carrier's bottom line, its American owner The Hanover reported today.

Dan Ascher, 29 July 2016
AJG’s brokerage segment grows top line and margin

AJ Gallagher (AJG) reported organic growth of 2.2 percent in brokerage revenues for the second quarter but a 3.1 percent decline in the top line of its smaller risk management segment on an underlying basis.

David Bull, 29 July 2016
Severance costs and cats push PartnerRe to $66mn loss

PartnerRe reported an operating loss of $65.6mn for the second quarter as an unusually high number of catastrophes and restructuring costs delivered a blow to the carrier's bottom line.

Dan Ascher, 29 July 2016
GCube hires AIG’s Miller

Specialist MGA GCube has appointed former AIG global marine and energy property underwriter Geoff Miller to the role of senior vice president in its New York office, the firm announced this week.

Dan Ascher, 29 July 2016
S&P forecasts 95.1% CR for US commercial lines in 2016

Standard & Poor's is projecting a combined ratio of 95.1 percent for the US commercial lines sector in 2016, which would make a fourth consecutive year of underwriting profitability.

David Bull, 29 July 2016
Endurance parts company with Worman

Endurance has parted company with Doug Worman, the CEO of its US insurance business, The Insurance Insider can reveal.

David Bull, 29 July 2016
Axis appoints programs chief

Axis has hired John Tatum to fill the newly-created role of executive vice president and head of its program business in the US, the Bermudian announced today.

Dan Ascher, 28 July 2016

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