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  • Allstate strongly outperformed Wall Street earnings forecasts despite second quarter operating profits falling by 16 percent to $445mn on higher cat losses.
  • Endurance Specialty has terminated its offer to acquire Bermudian rival Aspen in a move that brings to an end a long-running and at times acrimonious M&A battle.
  • US broking powerhouse Aon has hired John Bruno as executive vice president of enterprise innovation and chief information officer.
  • The Hartford announced several changes to its management structure late yesterday (29 July) afternoon in a move designed to shift the US insurer into a more "offensive" position.
  • Nomura has expressed caution over the AA's latest UK motor insurance premium index, which suggested that pricing declines are "bottoming out" and that a return to rate increases is imminent.
  • Canopius has appointed former Peak Re senior vice president Shibo Zhang as head of its Chinese operations, the NKSJ-backed carrier announced in a statement today (30 July).
  • Bermudian energy mutual Oil Insurance Limited (OIL) is set to increase the per occurrence and event aggregation limits available to members from 1 January 2015.
  • Axis Capital has strongly bucked the trend for underperformance witnessed among several of its peers with Q2 operating profits that came in well ahead of analysts' consensus forecasts.
  • Willis Group reported organic commissions and fees growth of 4.5 percent for the second quarter in a performance it said was led by emerging markets and North America.
  • US broker Arthur J Gallagher (AJG) has delivered solid organic growth of 4.4 percent in its combined brokerage and risk management segments following another active quarter for acquisitions.