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Cat reinsurers heading for Florida bloodbath
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...
07 May 2014
Hannover Re Q1 profit edges higher
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.
07 May 2014
Swiss Re Q1 profit down 11%
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.
07 May 2014
US winter weather burdens Allstate’s Q1 bottom line
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.
07 May 2014
Garvey leaves Integro as John Clements named chairman
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.
07 May 2014
Tower Group probed by SEC
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.
06 May 2014
XL enters M&A insurance market
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)
06 May 2014
London market to face further pricing pressure: Fitch
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
06 May 2014
Charles Taylor loss adjusting arm expands energy team
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
06 May 2014
Lancashire names new London CEO
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
06 May 2014
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