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  • The $4bn+ Florida market is crucial for most cat reinsurers. But in advance of the 1 June renewals, a comprehensive survey by The Insurance Insider estimates average rates will be down 15-25 percent on a risk adjusted basis...
  • Hannover Re, the world's third-biggest reinsurer, today (7 May) said its first quarter profit edged higher, driven by a strong performance at its flagship non-life reinsurance arm, despite intense competition and falling prices.
  • Swiss Re, the world's second-biggest reinsurer, today (7 May) reported an 11 percent drop in its first quarter profit due to a weaker performance at its life and health division, but said it was still on course to hit its long-term financial targets.
  • Elevated weather-related claims hit Allstate's bottom line during the first quarter, as operating earnings declined by 9.1 percent to $558mn or $1.30 a share compared to $647mn or $1.35 a share in the prior-year period.
  • Integro has parted company with co-founding president and CEO Pete Garvey and named John Clements as chairman in a change of leadership at the New York-based international broker.
  • Troubled insurer Tower Group has been under investigation by the Securities and Exchange Commission (SEC), the US stock market watchdog, since January, according to the company's 10-K annual report.
  • Dublin-domiciled (re)insurer XL has announced plans to offer M&A insurance in anticipation of an increase in takeover activity, it said today (6 May)
  • The London insurance market is expected to encounter increased pricing pressure in some classes of business this year, according to a report released today (6 May) by ratings agency Fitch
  • London-listed insurance outsourcing firm Charles Taylor today (6 May) announced two senior hires at the London-based energy team of its loss adjusting division, Charles Taylor Adjusting
  • London-listed (re)insurer Lancashire today (6 May) appointed Paul Gregory as chief executive of its London operation, Lancashire Insurance Company (UK) Limited, and named Hayley Johnston as the unit's CUO