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CNA Hardy pulls out of aviation
Lloyd's carrier CNA Hardy is to cease underwriting aviation business with immediate effect following a strategic review, The Insurance Insider has learned.
Mark Geoghegan
,
30 April 2015
Marsh posts 3% organic growth
Marsh and McLennan Companies (MMC) has today (30 April) reported solid organic growth for the first quarter of 2015 in both its insurance and reinsurance broking arms.
Jenny Messenger
,
30 April 2015
US winter losses drive United to Q1 underwriting loss
Expansive Floridian carrier United Insurance Holdings fell to an underwriting loss during the first quarter of 2015 after the company was stung by US winter weather losses.
Himal Patel
,
30 April 2015
Lancashire sees 10% rate fall in Q1
London-listed short-tail specialist Lancashire reported a drop in gross written premiums (GWP) and pre-tax profits in the first quarter as rates on renewal business fell by 10 percent.
Charlie Thomas
,
30 April 2015
Swiss Re reports strong group profits, but P&C stalls
Reinsurance giant Swiss Re has reported a 17 percent increase in its net profits for the first quarter of the year, generating net income of $1.4bn.
Charlie Thomas
,
30 April 2015
Hyperion and RK Harrison deal completes
Doyle, Neil 15.00 The acquisition of RK Harrison by its fellow London market intermediary Hyperion to create the world's largest independent insurance broker has completed today (30 April), following the receipt of regulatory and legal approvals. <
Charlie Thomas
,
30 April 2015
Axis profits flat despite top line drop
Axis Capital generated operating income of $136mn in the first quarter, in line with the prior-year period, despite an 8 percent top line dip that was partly driven by foreign exchange movements.
David Bull
,
30 April 2015
XL improves insurance and reinsurance combined ratios
XL Group reported improvements in both its insurance and reinsurance combined ratios for the first quarter but saw operating income fall because of lower levels of affiliate and life reinsurance income.
David Bull
,
30 April 2015
Watford Re reaches $400mn+ of GWP since inception
Hedge fund reinsurer Watford Re has reached its target of writing more than $400mn of gross premium in its first underwriting year since its inception last March.
Winifred Okocha
,
29 April 2015
Endurance-Montpelier deal clears anti-trust hurdles
Endurance has received an early termination of the waiting period under Bermuda's anti-trust regulations, allowing it to progress with its acquisition of Montpelier Re.
29 April 2015
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