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ERS targets full-year profit despite H1 loss
ERS today (13 August) insisted it was still on track to report a full-year profit, despite posting a first-half loss of £2.8mn
Catrin Shi
,
13 August 2015
Charles Taylor Adjusting expands London aviation team
Chris Whittington has re-joined the London aviation team at Charles Taylor Adjusting (CTA) after completing 16 months at Ace.
Charlie Thomas
,
13 August 2015
State National Q2 revenues up by 31%
US fronting specialist State National has announced a 31 percent year-on-year increase in second quarter revenues to $46.4mn
Winifred Okocha
,
13 August 2015
Torus US appoints Brown as CEO
Former broking executive Norman Brown has been appointed CEO of Torus US, according to an internal company announcement seen by The Insurance Insider.
Charlie Thomas
,
13 August 2015
Arig’s H1 top line down 21% as profits improve
Arab Insurance Group (Arig) booked a 21.4 percent decline in gross written premiums to $186.1mn for the first half of 2015 as improved underwriting and investment performance bolstered the bottom line
Himal Patel
,
13 August 2015
GRP backs first retail MBO
David Margrett's consolidator vehicle Global Risk Partners (GRP) has backed its first retail management buyout (MBO) deal, assisting the board of Northern Irish broker Abbey Bond Lovis
Charlie Thomas
,
13 August 2015
CCRIF discounts catastrophe coverage for renewing members
Renewing members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) received a 50 percent discount on hurricane and earthquake policies and a 15 percent rate reduction on excess rainfall policies for the 2015/16 period, the organisation said yesterday (12 August).
Catrin Shi
,
13 August 2015
IGI top and bottom line contracts in H1 2015
Middle East and international insurer International General Insurance Holdings (IGI) reported a 12 percent drop off in gross written premiums to $122mn for the first half of 2015.
Dan Ascher
,
13 August 2015
Lifting of sanctions to attract (re)insurers to Iran: AM Best
The lifting of trade restrictions on Iran is expected to represent a significant opportunity for the Middle East and North African and European (re)insurance markets, according to AM Best
Winifred Okocha
,
12 August 2015
Liberty Mutual Q2 profits slide on higher cat losses
Liberty Mutual today (12 August) reported a 35 percent decline in second quarter attributable net income to $254mn, as currency volatility, increased catastrophe losses and continued energy market pressures impacted results
Catrin Shi
,
12 August 2015
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