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Korean Re upgraded to A by S&P
Standard & Poor's (S&P) has upgraded the ratings of Seoul-based carrier Korean Re to A from A- after the reinsurer completed a $200mn capital raising exercise.
30 October 2014
US P&C commercial pricing steadies in Q3: CIAB
US P&C commercial insurance pricing stabilised during the third quarter after softening in Q2, according to The Council of Insurance Agents & Brokers (CIAB)'s latest barometer
30 October 2014
The Hanover beats as core underwriting improves
The Hanover has joined many of its peers in beating Wall Street earnings estimates for the third quarter as the US insurer benefited from stronger underlying underwriting performance.
30 October 2014
Aspen falls to Q3 earnings miss
Aspen has underperformed third quarter analysts' earnings forecasts after generating a Q3 operating earnings per share (EPS) of $1.08 that missed the Wall Street consensus of $1.17.
30 October 2014
Axis outperforms and grows reinsurance top line
Axis Capital edged ahead of consensus third quarter earnings forecasts despite reporting operating profits that were down by a third to $133mn from the prior-year period.
30 October 2014
Aviation war and energy losses contribute to Validus earnings miss
Validus missed the Wall Street earnings consensus for the third quarter, after a string of aviation war and energy losses stung the (re)insurer's bottom line.
30 October 2014
Allstate beats despite elevated cat losses
Allstate reported third quarter operating profits that fell 16.1 percent to $598mn, reflecting previously announced higher-than-expected cat losses in the period.
30 October 2014
Arch is latest Bermudian to beat on Q3 earnings
Arch become the latest (re)insurer to beat Wall Street forecasts as it generated third quarter operating profits of $142.1mn, or $1.05 a share.
30 October 2014
Sirius sees top line grow by 10% in Q3
Sirius Group, the reinsurance arm of White Mountains, boosted its top line by 10 percent during the third quarter to $261mn.
29 October 2014
Start-up Standard Club syndicate hires Travelers underwriter
Oliver Paine, senior energy underwriter at Travelers, is leaving the firm to join the Standard Club's start-up Syndicate 1884, The Insurance Insider can reveal.
29 October 2014
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