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Direct Line reports 3.6% increase in Q1 motor rates

Motor rates at UK insurer Direct Line increased by 3.6 percent year-on-year during the first quarter of 2015, compared to a rise of 1.9 percent in Q1 2014, according to its interim management statement

Jenny Messenger, 06 May 2015
AmTrust Q1 operating earnings rise 25%

Operating earnings at international insurer AmTrust jumped by 24.6 percent year-on-year during the first quarter of 2015 to $121.4mn, or $1.45 per diluted share, beating the Wall Street consensus estimate of $1.30

Jenny Messenger, 06 May 2015
Life reinsurance powers Hannover Re Q1 beat

Hannover Re lifted its first quarter net profit by 20 percent year-on-year to EUR279mn, as the company benefitted from an improved result in its life & health reinsurance division and a 15 percent jump in net investment income to EUR415.7mn.

Fiona Robertson, 06 May 2015
Scor Q1 net profits jump 30 percent

Reinsurer Scor trumped analysts' expectations this morning with net profits rising by a third to EUR 175mn combined by strong top-line growth for the first quarter of the year.

Himal Patel, 06 May 2015
Managed cat premiums down 15% at RenaissanceRe

RenaissanceRe comfortably beat Wall Street earnings forecasts in a quarter which saw it complete its Platinum Underwriters acquisition and cut its managed cat premiums by almost 15 percent.

David Bull, 06 May 2015
Alleghany underwriting profits climb in Q1 despite TransRe dip

Alleghany has posted a 6.8 percent rise in first quarter underwriting profits as improved performance at RSUI helped to offset a slightly weaker result at TransRe.

Himal Patel, 06 May 2015
Allstate secures 7-year traditional cover on cat programme

Allstate has succeeded in placing a $439mn portion of cover in its giant nationwide cat programme on a seven-year deal in the traditional reinsurance markets.

David Bull, 06 May 2015
Gallagher claims David Ross derailed bid for Towergate

Acquisitive US broker Arthur J Gallagher believed the former CEO of its international operations David Ross was working to acquire Towergate on its behalf when he allegedly went behind the broker's back to secure a deal for rival bidder Highbridge.

Dan Ascher, 05 May 2015
Peak Re triples top line in 2014

Peak Re's gross written premiums almost tripled to $288mn in 2014 as the Fosun-backed reinsurance start-up posted a maiden underwriting profit

Mark Geoghegan, 05 May 2015
US commercial rates flat in April: MarketScout

The US commercial P&C market remained on the edge of softening in April, as average pricing remained flat, according to MarketScout's latest survey

Himal Patel, 05 May 2015

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