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Tower sale price cut; shares surge
Beleaguered insurer Tower Group and ACP Re have amended their merger agreement to reduce the consideration by a lower-than-expected $0.50 per share to $2.50, with the news pushing the share price more than 30 percent higher in early trading
08 May 2014
Skuld profits up 60%
Norway-based marine insurer Skuld said today (8 May) it made a profit of $29mn last year, up from $18mn in 2012, helped by a strong increase in its premium income
08 May 2014
Insurance M&A to pick up: Grant Thornton
Excess capital and pressure to sell non-core assets is set to drive an upsurge in M&A throughout global insurance markets in 2014, according to a report from Grant Thornton
08 May 2014
National Interstate Q1 profits flat
Ohio-headquartered insurer National Interstate reported flat first quarter profits, held back by costs related to majority shareholder Great American's unsuccessful attempt to take full control of the company.
08 May 2014
AmTrust growth holds up Maiden top line
Maiden Holdings' top line held steady in the first quarter despite the termination of its quota share of National General Holdings (NGHC) thanks to a surge in the premium income generated by its reinsurance of affiliated insurer AmTrust.
08 May 2014
Catalina reinsures Delta Lloyd marine liabilities
Run-off specialist Catalina today (8 May) said it had clinched a deal to reinsure a $200mn book of legacy marine business written by Belgo-Dutch composite insurer Delta Lloyd
08 May 2014
Navigators shares expected to rise after strong Q1 earnings beat
Shares in Navigators Group Inc are expected to rise later today (8 May) when trading opens on the Nasdaq
08 May 2014
Markel Q1 profit edges higher
Markel Corp yesterday (7 May) said its operating income rose 3.1 percent to $145.7mn in the first quarter of 2014, following the completion of its takeover of rival Alterra.
08 May 2014
RSA says Q1 profits as expected
London-listed general insurer RSA today (8 May) said its first quarter profits were in line with its own expectations despite heavy weather-related claims, as it pressed ahead with a restructuring aimed at shoring up its finances.
08 May 2014
Charles Taylor makes ‘satisfactory’ start to 2014
London-listed Charles Taylor performed satisfactorily during the first four months of 2014, the insurance outsourcing firm said today (8 May) in a trading update
08 May 2014
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