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Allstate in strong beat despite higher cat burden
Allstate strongly outperformed Wall Street earnings forecasts despite second quarter operating profits falling by 16 percent to $445mn on higher cat losses.
31 July 2014
Endurance terminates Aspen offer
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.
31 July 2014
Aon hires chief information officer
US broking powerhouse Aon has hired John Bruno as executive vice president of enterprise innovation and chief information officer.
30 July 2014
The Hartford unveils senior management changes
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.
30 July 2014
Nomura cautious over motor insurance rate U-turn
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.
30 July 2014
Canopius appoints head of China
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).
30 July 2014
OIL responds to members’ calls to increase limits
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.
30 July 2014
Axis beats on earnings and continues to rebalance book
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.
30 July 2014
Willis generates Q2 organic growth of 4.5%
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.
30 July 2014
AJG books 4.4% organic growth in acquisitive Q2
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.
30 July 2014
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