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National Interstate finally bows to AFG bid
American Financial Group (AFG) has finally reached agreement with National Interstate over its $32 a share bid for the commercial auto insurer after the deal was sweetened with the promise of a one-time $0.50 a share special dividend.
David Bull
,
25 July 2016
Endurance accused of bid to ‘destroy’ Sawgrass
Florida mutual Sawgrass has accused its part-owner Endurance of trying to destroy its business after the John Charman-led firm threatened to sell the renewal rights of 40,000 homeowner policies to a competitor.
Dan Ascher
,
25 July 2016
Insurers warned over climate change risk to investments
Insurers are lagging behind other institutional investors in protecting their portfolios against climate risk, according to climate change investment transparency body the Asset Owners Disclosure Project (AODP).
Charlie Thomas
,
25 July 2016
Investors should look beyond ‘meaningless’ Q2 estimates
Analysts have advised investors to look beyond consensus estimates to underlying results as the sector heads for a second quarter earnings season hit by cat losses above what was modelled.
David Bull
,
25 July 2016
Allied World wins Wall Street favour
Allied World shares surged last week amid a flurry of favourable analyst notes after the company smashed second quarter earnings forecasts.
David Bull
,
25 July 2016
Q2 cat losses creep towards $2.5bn
Reported nat cat losses for the second quarter have exceeded $2.33bn, with the bulk of carriers yet to reveal their potential exposure.
Dan Ascher
,
25 July 2016
Property continues to lead US rate softening
There appears to be no end in sight to rate softening in the US property cat insurance market, according to the early reporting brokers and carriers on second quarter earnings calls last week.
David Bull
,
25 July 2016
Lloyd’s carriers exceed expectations
The two most highly valued Lloyd's insurers, Beazley and Hiscox, opened the results season with better-than-expected earnings for the first half of 2016.
Catrin Shi
,
25 July 2016
Tighter cat bond market expected to boost activity
Tightening spreads on the cat bond market should lead to a pick-up in activity later in the year after a subdued second quarter, Aon Securities CEO Paul Schultz said in the company's latest insurance-linked securities (ILS) review.
Fiona Robertson
,
25 July 2016
Markel Catco sets Fort McMurray reserve
Markel Catco said Canadian wildfire claims will lower the net asset value (NAV) of its Catco Reinsurance Opportunities Fund by 1 percent or about $3.5mn.
Fiona Robertson
,
25 July 2016
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