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  • PartnerRe reported first quarter operating earnings of $176.9mn, or $3.36 a share that were down on the $202.1mn, or $3.39 a share generated in the prior-year period, but well ahead of Wall Street consensus forecasts of $2.50 a share.
  • Ace Group's reinsurance chief Jacques Bonneau has been named executive vice president of global underwriting at the Zurich-based carrier.
  • A significant volume of claims from the UK insureds of defaulted Icelandic carrier European Risk Insurance Company (Eric) are expected to fall on the Financial Services Compensation Scheme (FSCS) after the body said many of the policies sold by the insurer will qualify for its protection.
  • The Insurance Insider's look-up table for all of the weekly, monthly and YTD share price movements of the companies in our updated composites
  • Hiscox has increased its capacity for US domiciled terrorism risk to $200mn as it responds to increased demand for the product with the upcoming expiration of the government backstop under TRIPRA.
  • The Financial Conduct Authority (FCA) has fined Invesco Perpetual £18.6mn for exposing investors to greater levels of risk than they expected, which led to losses of £5mn between May 2008 and November 2012.
  • CNA Financial, the US insurer that bought Lloyd's carrier Hardy in 2012 for $230mn, on Monday (28 April) said operating profit at its core P&C business fell 14.7 percent in the first quarter, held back by a spike in weather-related claims and weaker investment income.
  • Sirius Group was a strong contributor to White Mountains' bottom line in the first quarter as the Bermudian's reinsurance arm generated a combined ratio well down on the prior-year period.
  • Strong bottom line growth helped push Allied World's share price up 4.17 percent last week, following reports of a 54 percent lift in Q1 operating profits to $129.9mn, or $3.84 a share, smashing the Wall Street consensus of $2.17 a share.
  • AstraZeneca will not challenge a court ruling that allowed insurers Ace and XL to avoid a $200mn claim related to personal injury lawsuits filed by users of the pharmaceutical giant's Seroquel anti-psychosis drug.