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AIG mulls mortgage unit sale: reports

American International Group (AIG)'s board is considering a spin-off or sale of its $5bn mortgage insurance business, according to the Wall Street Journal.

Charlie Thomas, 30 October 2015
Universal Insurance profits jump 42%

Floridian Universal Insurance Holdings experienced what it called "another record quarter" after reporting net income of $30.3mn from Q3.

Dan Ascher, 30 October 2015
Higher reserve releases help Validus to earnings beat

Higher reserve releases helped offset losses from Tianjin and a Chilean earthquake at Validus Holdings as the Bermudian reported operating profits of $73.6mn for the third quarter.

Dan Ascher, 30 October 2015
Improved underwriting and Brit boost Fairfax Q3 results

Improved underwriting performance across Fairfax Financial's insurance and reinsurance subsidiaries and the inclusion of recent acquisition Brit helped boost third quarter operating profits for the operations by 17 percent to $260.6mn.

David Bull, 30 October 2015
CNA Hardy adds to offshore energy team

John Swann, senior underwriter at Zurich's offshore energy team, has resigned to take up an underwriting role at CNA Hardy, The Insurance Insider has learned.

Catrin Shi, 29 October 2015
Tokio Marine Kiln and PICC to offer IP infringement cover

Tokio Marine Kiln and Lloyd's have signed a memorandum of understanding with the P&C arm of PICC to provide intellectual property (IP) infringement liability insurance in China, it was announced today (29 October).

Catrin Shi, 29 October 2015
Benchimol: Axis Re ‘does not need an acquisition’

Axis Capital CEO Albert Benchimol has insisted the company's reinsurance division does not need to make an acquisition to stay relevant in today's market.

Catrin Shi, 29 October 2015
Swiss Re lifts P&C profits despite $250mn Tianjin loss

Swiss Re estimated it will take a pre-tax loss of $250mn from the Tianjin port explosions, the reinsurance giant announced today (29 October).

Charlie Thomas, 29 October 2015
Arch beats despite falling Q3 profits

Arch Capital Group reported operating income of $125.8mn for the third quarter, down marginally from $142.1mn during the same period last year.

Dan Ascher, 29 October 2015
The Hanover sees 5.4% commercial rate increases

The Hanover Insurance Group comfortably beat on Q3 earnings and pointed to continued steady price rises on its commercial and personal lines portfolio.

David Bull, 29 October 2015

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