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Government threatens to remove Pool Re guarantee
HM Treasury has threatened to remove the UK government's retrocessional guarantee for Pool Re unless the scheme's board and members agree to a major hike in the premium levied on the insurance industry
31 October 2014
AmTrust breaks with $500mn Italian med-mal distributor
Nasdaq-listed insurer AmTrust's relationship with Trust Risk Group, the sole distributor for its $500mn Italian medical malpractice business, has broken down under acrimonious circumstances, The Insurance Insider understands
31 October 2014
Aon reports 4% reinsurance revenue drop for Q3
Aon became the last of the big three brokers to publish its third quarter interim results today (31 October), and revealed a decrease of 4 percent in organic revenue for its reinsurance business compared to Q3 2013
31 October 2014
AmTrust shares dive after Gotham’s $0 price target
Investment firm Gotham has published a wide-ranging attack on AmTrust in which it sets a price target of $0 for the stock, sending the Nasdaq-listed insurer's shares into a tailspin
31 October 2014
Zurich closes sale of its Russian retail business
Zurich Insurance Group has successfully closed the sale of its Russian general insurance retail business to Moscow-based investment company OLMA Group.
31 October 2014
Direct Line interims show GWP fall
UK motor insurer Direct Line Group's third quarter interim statement, published today (31 October), showed a 5 percent decrease in gross written premiums (GWP) for the first nine months of 2014 compared to the prior-year period.
31 October 2014
Fairfax (re)insurance operating profits jump 39%
Fairfax's (re)insurance operations delivered a 39 percent jump in operating earnings for the third quarter, driven by an improvement in underwriting performance.
31 October 2014
Improved international underwriting drives Argo to modest beat
Argo Group edged ahead of Wall Street forecasts for the third quarter as improved underwriting margins helped it generate operating profits of $23.5mn, up from $22.1mn in the prior-year period.
31 October 2014
Aviva combined ratio narrows
London-listed composite insurer Aviva reported an improved combined ratio as part of its nine-month interim management update, with the ratio across the group dropping to 95.9 percent.
30 October 2014
Ark the latest Lloyd’s carrier to offer Ebola cover
Independent Lloyd's insurer Ark has put together a multi-syndicate facility to offer policies covering continuing expenses for US businesses impacted by Ebola
30 October 2014
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