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Hannover Re boosts P&C profit despite Tianjin loss

Hannover Re's P&C division lifted its third quarter operating profits by 8.2 percent year-on-year to EUR352.6mn, as the carrier reported a net EUR95.9mn of losses from the Tianjin port explosion

04 November 2015
Scor continues double-digit top-line growth

Scor's global P&C division today (4 November) reported that gross written premium (GWP) grew by 18.4 percent to EUR4.36bn in the first nine months of 2015

Catrin Shi, 04 November 2015
Capita wins Xchanging race as Apollo withdraws

Private equity house Apollo has pulled out of the race with trade buyer Capita to buy insurance outsourcer and software group Xchanging plc.

04 November 2015
A&E charge sends American Financial profits lower

A $52mn after-tax reserve charge for American Financial Group’s (AFG) asbestos and environmental (A&E) liabilities contributed to a near halving of the company’s Q3 net profits.

04 November 2015
Tianjin loss contributes to lower Alleghany profits

Alleghany reported a dip in third quarter operating profits as underwriting performance deteriorated in its (re)insurance operations, including the impact of a $31.5mn Tianjin loss at TransRe.

David Bull, 04 November 2015
Q3 investment challenges send Third Point Re to net loss

Third Point Re fell to a $195.7mn Q3 net loss that was almost entirely driven by investment losses in what it described as "difficult market conditions".

David Bull, 04 November 2015
Citizens depopulation drives HCI growth

Floridian home insurer HCI Group grew its top line by 16.7 percent in the third quarter driven by assumptions of around 36,000 policies from state-backed carrier Citizens.

Dan Ascher, 04 November 2015
AmTrust beats as top and bottom line grows

AmTrust’s operating earnings were up 11 percent in the third quarter to $150.9mn from a base of $135.4mn during the same period last year.

Dan Ascher, 04 November 2015
AIG’s Hancock says no to break-up; shares trade down

AIG president and CEO Peter Hancock has rejected calls for the insurer to be broken up and countered that the move would actually make less capital available for distribution to shareholders.

David Bull, 03 November 2015
The Secret CEO

The fictional adventures of an industry titan

03 November 2015

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