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AIG scales back hedge fund investments

American International Group (AIG) has submitted notices of redemption for $4.1bn of its hedge fund portfolio, after its first quarter results were impacted by heavy losses on investments.

Catrin Shi, 04 May 2016
Capsicum Re launches LatAm operations

Reinsurance broker Capsicum Re has hired two Aon Benfield Latin America executives to launch its own business in region, it announced today (4 May).

Catrin Shi, 04 May 2016
Markel profits slip by 8% in Q1

Markel's profits fell by 8 percent year-on-year to $245mn in the first quarter, as underwriting expenses rose 7 percent to $364.7mn

Dan Ascher, 04 May 2016
Hiller to retire from JLT

Martin Hiller, CEO of JLT EMEA and chairman of Thistle and the broker's managing general underwriting business, has retired, the company announced today (4 May).

Winifred Okocha, 04 May 2016
EPUL hires claims and operations chief

Commercial property managing general agency (MGA) European Property Underwriting Ltd (EPUL) has appointed Stuart Risebrow as claims and operations manager, the company announced today (4 May)

Matthew Neill, 04 May 2016
Reinsurance Association of America elects Sapnar as chair

The Reinsurance Association of America (RAA)'s board of directors has elected Michael Sapnar, president and CEO of TransRe, as its chairman

Matthew Neill, 04 May 2016
HCI profits plummet as weather losses hit bottom line

Florida's HCI Group saw profits fall by more than 75 percent in Q1 as losses during the period increased by almost half.

Dan Ascher, 04 May 2016
Direct Line Group projects 93-95% combined ratio

UK motor and home insurer Direct Line has said it expects to achieve a combined ratio of between 93 and 95 percent for ongoing operations, as part of its Q1 trading update.

Charlie Thomas, 04 May 2016
Fed National beats consensus as GWP increases by 28%

Florida-based homeowners' insurer Federated National reported operating earnings of $0.64 per share for the first three months of the year, beating Wall Street's consensus estimate of $0.58

Dan Ascher, 04 May 2016
Aspen cyber rebuild continues with Nazir hire

Aspen has continued to rebuild its London cyber team with the hire of Raheila Nazir as head of international cyber risk, the company announced yesterday (3 May).

Matthew Neill, 04 May 2016

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