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Watford Re writes $289mn of business in 2014

Watford Re booked $98.4mn gross written premiums in the fourth quarter taking its total since it launched in March 2014 to $288.6mn.

David Bull, 11 February 2015
OneBeacon reserve strengthening drives White Mountains Q4 profit drop

Bermuda-domiciled (re)insurance group White Mountains has seen profit more than halve in the final three months of 2014, driven by a reserve strengthening exercise in its OneBeacon portfolio.

Dan Ascher, 10 February 2015
Latest O'Kane sale brings total gross to $4.3mn in 3 months

Chris O'Kane, CEO of Aspen, has sold a further 28,669 shares in the carrier at an average price of $45, grossing $1.3mn and bringing the total value of shares sold by the executive in recent months to more than $4.3mn.

Dan Ascher, 10 February 2015
Data breaches should be a ‘stern wakeup call’ for insurers

Recent cyber security breaches should act as "a stern wakeup call" for insurers to strengthen their defences, according to Benjamin Lawsky, superintendent of the New York Department of Financial Services (DFS).

Jenny Messenger, 10 February 2015
Stephen Catlin targets 5 years at XL Catlin

Stephen Catlin has made a three-year hard commitment to his prospective role at XL Catlin and a soft commitment for a further two years, the insurance entrepreneur told The Insurance Insider.

Adam McNestrie, 10 February 2015
MSIG appoints Graeme Rayner CUO

Mitsui Sumitomo Insurance Group (MSIG) at Lloyd's has appointed Graeme Rayner as chief underwriting officer, the firm announced today (10 February)

Jenny Messenger, 10 February 2015
Catlin unveils 13% profits increase at year-end

Listed Lloyd's carrier Catlin has revealed a 13 percent increase in profits before tax to $488mn for year-end 2014, as a combination of increased writing, steady underwriting results and investment income boosted the bottom line

10 February 2015
Scor sees only modest rate falls at 1.1

European reinsurer Scor recorded a 2.4 percent increase in gross written premiums (GWP), at constant exchange rates, at the 1 January 2015 renewals, while experiencing average rate reductions lower than its rivals.

Charlie Thomas, 10 February 2015
Argo misses on Q4 earnings

Argo Group reported fourth quarter operating profits of $21.8mn, or $0.83 a share that were below Wall Street forecasts.

David Bull, 10 February 2015
AJG confirms Ross departure

Arthur J Gallagher (AJG) has confirmed the resignation of David Ross, the head of its UK-based international brokerage division.

10 February 2015

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