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Hyperion restructures management

Hyperion has implemented a new group management structure that will see David Howden and Dominic Collins resume their roles as CEO and chairman of Howden, respectively.

Catrin Shi, 06 May 2016
AIG targets $4bn IPO valuation for UGC

American International Group (AIG) will target a $4bn valuation for its mortgage insurance arm United Guaranty Corporation (UGC) if it goes through with an IPO, according to reports.

Adam McNestrie, 06 May 2016
Xchanging CFO to follow CEO in post-deal departure

Xchanging CFO David Bauernfeind will leave the company following its acquisition by US-headquartered technology firm Computer Sciences Corporation (CSC), which closed yesterday (5 May).

Catrin Shi, 06 May 2016
Alleghany profits rise 10%

Alleghany reported a 10.3 percent increase in operating profits to $144.7mn in the first quarter, as its underwriting result improved by 18.5 percent year-on-year

Catrin Shi, 06 May 2016
Navigators tops Wall Street consensus

Operating earnings at Navigators slipped by 3.3 percent to $20.2mn in the first quarter as underwriting performance deteriorated modestly.

Adam McNestrie, 06 May 2016
Third Point Re slips to $51mn net loss

Third Point Re chairman and CEO John Berger said the company continues to believe in its total return model despite challenging conditions in the financial and reinsurance markets that contributed to a $51.1mn first quarter net loss at the Bermudian.

Dan Ascher, 06 May 2016
Third Point Re slips to $51mn net loss

Third Point Re chairman and CEO John Berger said the company continues to believe in its total return model despite challenging conditions in the financial and reinsurance markets that contributed to a $51.1mn first quarter net loss at the Bermudian.

Dan Ascher, 06 May 2016
Wholesale consolidation creates opportunities for independents: Brown & Riding

M&A and panel consolidation involving the largest wholesale brokers is creating opportunities for the next tier of intermediaries as independent retailers look for alternatives, according to Brown & Riding CEO Jeff Rodriguez.

David Bull, 06 May 2016
US storms lead to costliest April for insurers since 2011

Five outbreaks of severe storms across the US last month are expected to generate insured losses of more than $3.0bn, in what Aon Benfield's Impact Forecasting unit said was the costliest April for insurers since 2011.

06 May 2016
Brit to write onshore US marine

Brit Insurance's onshore US insurance platform has hired Tom Carroll from XL Catlin to spearhead its entry into the marine market.

Adam McNestrie, 06 May 2016

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