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XL will hit double-digit RoE target: McGavick

XL Group CEO Mike McGavick insisted the carrier can deliver a double-digit return on equity (RoE) during a conference call yesterday (27 April), as he came under fire from analysts over the lack of clarity around merger synergies.

Catrin Shi, 28 April 2016
Texas hailstorm losses top $2.6bn

Losses stemming from the series of hailstorms that hit Texas in the first few months of the year are expected to top $2.6bn, according to data from the state's insurance board

Dan Ascher, 28 April 2016
Assurant shares spike after results release

Shares in US specialty insurer Assurant jumped by 7.6 percent percent yesterday (27 April) to reach a high of $85.33 as of market closing, after a positive reaction to the company's first quarter results

Iulia Ciutina, 28 April 2016
WCMA strengthens Hong Kong team

Willis Capital Markets & Advisory (WCMA) has hired Deutsche Bank's Vincent Lien as a managing director in its Hong Kong office, the company said today (28 April).

Adam McNestrie, 28 April 2016
AmTrust founder Michael Karfunkel dies

AmTrust founder and chairman Michael Karfunkel has passed away at the age of 72, the company announced last night (27 April)

Matthew Neill, 28 April 2016
Higher expense ratio drives XL earnings miss

A higher-than-expected expense ratio contributed to an earnings miss at XL Group as operating profits fell from $194.4mn in Q1 2015 to $103.4mn in the current reporting period.

Dan Ascher, 28 April 2016
Mortgage unit helps sustain Arch underwriting performance

Strong performance in Arch's mortgage business helped the (re)insurer to a steady set of Q1 underwriting results.

David Bull, 28 April 2016
WR Berkley hires more former Chubb execs for HNW unit

WR Berkley has continued to build out its high net worth (HNW) platform in the US with a trio of hires as it looks to take advantage of the fall-out from the Ace-Chubb combination.

David Bull, 27 April 2016
Analysts quiz Everest Re over expenses hike

Everest Re has come under fire from analysts after an increased expense ratio impacted the Bermudian carrier's first quarter combined ratio

Matthew Neill, 27 April 2016
ILS could make London global centre for cyber risk insurance

The push to make London an insurance-linked securities (ILS) hub could eventually position the city as the global centre for cyber risk insurance, according to BNY Mellon.

Winifred Okocha, 27 April 2016

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