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Reinsurers pay A$100mn to settle Suncorp dispute

Suncorp's reinsurers have paid out around A$100mn ($73mn) to fill a previously disclosed hole in the Australian insurer's 2011 reinsurance programme, the firm said today (4 August) in its full-year 2015 results announcement.

Himal Patel, 04 August 2015
Kumar to replace Roy as GIC chief

Sanath Kumar has been appointed to lead Indian state-owned reinsurer GIC Re, it was announced yesterday (3 August)

Catrin Shi, 04 August 2015
Ace-Chubb price agreed within weeks

Ace and Chubb took just a week to agree the basic terms of the $28bn deal, according to the full proxy statement on the merger

Fiona Robertson, 04 August 2015
Bottom line growth for Direct Line

UK personal lines insurer Direct Line reported strong half-year results this morning (4 August), with operating profits up 42.5 percent to £335.8mn

Winifred Okocha, 04 August 2015
P&C revenue nudges up at Axa

French insurance group Axa's P&C revenues rose by 1 percent in the first half of the year, driven by rate increases of 1.9 percent on average.

Charlie Thomas, 04 August 2015
Greenlight Re falls to Q2 underwriting and investment loss

Greenlight Capital Re fell to an underwriting and investment loss in the second quarter as it was hit by adverse development on legacy business.

David Bull, 04 August 2015
XL earnings beat in first post-Catlin quarter

XL outperformed Q2 Wall Street earnings forecasts in its maiden results following its acquisition of Catlin.

Himal Patel, 04 August 2015
Endurance delivers 25 percent top line growth in Q2

Endurance booked a 24.9 percent increase in gross written premiums (GWP) during the second quarter, driven by a considerable uptick in its insurance business.

Himal Patel, 04 August 2015
Allstate falls to underwriting loss on elevated auto claims

Allstate shares were down in after-hours trading in New York today (3 August) after the US insurer reported a Q2 underwriting loss in its core property-liability business driven by increased frequency and severity in auto claims.

David Bull, 04 August 2015
Cat losses hit United’s profits as top line expansion continues

Florida-based carrier United Insurance reported diverging top and bottom line performance in the second quarter as significant premium growth was met with shrinking net profits.

Himal Patel, 04 August 2015

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