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  • The Navigators Group reported operating profits up 27 percent to $15.0mn for the second quarter, as it shrugged off marine liability losses in its Lloyd's business to shave 2.4 percentage points from its Q2 combined ratio year-on-year
  • US-headquartered international broker Integro today (7 August) announced the acquisition of Stonehouse Conseillers, a London-based broker specialising in commercial film production and advertising agencies.
  • XL Group has recruited Michael LaRocca from American International Group (AIG) as chief underwriting officer in its North America property insurance business
  • Operating earnings at AmTrust, one of the insurance companies founded by entrepreneur Michael Karfunkel, soared by 86.6 percent to $107mn in the second quarter as its earned premium income began to reflect top-line growth recorded in earlier quarters.
  • ACP Re's proposed takeover of beleaguered Nasdaq-listed insurer Tower Group has been approved by 98.5 percent of voting shareholders, the company said in a stock exchange announcement yesterday (6 August).
  • Zurich has reported a 6 percent increase in its second quarter net profits to $837mn, but missed earnings forecasts by 9 percent due to a one-off high tax charge.
  • CNA Financial Corp has appointed David Brosnan, the head of Lloyd's insurer Hardy Underwriting, as CEO of its European arm CNA Europe
  • UK insurer Aviva beat analysts' earning consensus for H1 2014 with a 4 percent rise in pre-tax operating profits to £1.1bn
  • RSA Group has swung back to profit as the UK insurer continues its journey to recovery after a bruising 2013 that led to the ousting of its CEO and a £773mn rights issue
  • Munich Re has posted an underwriting loss for the second quarter of 2014 for its P&C reinsurance business, following a series of unusual attritional loss events that cost the industry's largest reinsurer some EUR617mn.