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Meadowbrook still looking at strategic options as Q2s show improvement
US insurer Meadowbrook reported a modest net operating loss of $3.6mn for the second quarter in a significant improvement on the deficit of $115.1mn it reported in the prior-year period.
06 August 2014
US commercial insurance rate rises continue to slow: MarketScout
US commercial insurance rate rises slowed to 1.5 percent in July, according to the latest survey from MarketScout.
06 August 2014
Ace builds cyber practice with manager hire
Global insurance group Ace today (5 August) announced the appointment of Kyle Bryant as regional cyber manager for continental Europe.
06 August 2014
Greenlight Re shares down 5.5% as top line slashed
Greenlight Capital Re shares were off 5.5 percent in trading today (5 August) after the hedge fund reinsurer reported Q2 results that included a significant shrinking of its top line in response to the softening market.
05 August 2014
Softening rates also hit broking heavyweights
P&C (re)insurers aren't the only ones being stung by competitive pricing conditions as the listed brokers all experience top-line pressures
05 August 2014
BMS open for deals
BMS Capital Advisory has received its broker-dealer license from US authorities and is now able to advise on cat bond issuances and M&A transactions
05 August 2014
Church of England invests in acts of God
CCLA Investment Management, a specialist fund manager for UK charities, local authorities and the Church of England, has invested £20.58mn in the London-listed Catco Reinsurance Opportunities Fund
05 August 2014
Everest Re adds investors to Mt Logan Re at 1 July
New investors injected capital into Mt Logan Re at 1 July, according to Everest Re's chief underwriting officer John Doucette
05 August 2014
RenRe buys $180mn retro cover
RenaissanceRe bought a new $180mn retro cover for its Florida book in the second quarter to protect against frequency and lower-level cat events within the state
05 August 2014
Challenges ahead for Aspen and Endurance
Aspen is now trading at a mere $39.50 after rejecting John Charman's overtures. Both companies have to provide a compelling story for investors as independent businesses in a tough market
05 August 2014
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