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RLI beats as Q1 operating profits rise 10%
US specialty insurer RLI Corp reported a 10 percent rise in first quarter operating profits to $24.7mn as its bottom line benefited from a relatively benign period for losses along with continued reserve releases.
17 April 2014
Reserve releases help Platinum smash Q1 earnings forecasts
Platinum Underwriters opened the Bermudian Q1 reporting season by smashing Wall Street forecasts as its bottom line continued to benefit from reserve releases and the benign cat environment.
17 April 2014
Lancashire shares fall following founder’s exit
Lancashire Insurance shares closed down 5.3 percent on the London Stock Exchange yesterday (16 April) following the announcement before markets opened that founding CEO Richard Brindle would retire from the company in two weeks' time.
17 April 2014
US cat losses reach $2.2bn in Q1: PCS
Six US catastrophe events generated $2.2bn in insured losses during the first quarter of 2014, according to a Q1 catastrophe review from Property Claim Services (PCS).
16 April 2014
Airline sector falls to a loss in 2013
The airline insurance market fell to a loss last year, a trend which is likely to continue in 2014 as prices continue to fall, broker Aon warned today (16 April).
16 April 2014
Brown to leave RSA for AJ Gallagher
UK insurer RSA today (16 April) announced the resignation of Adrian Brown, its long-serving executive director and CEO of its UK and Western Europe business
16 April 2014
Lancashire founder Brindle retires
Richard Brindle, the founder and group CEO of Lancashire Holdings Ltd, is to retire from the London-listed (re)insurer at the end of this month
16 April 2014
RMS secures five new model partners
Five new third-party catastrophe-modelling firms have partnered with catastrophe risk management firm RMS, boosting the number of models available on its soon-to-be-released RMS(one) platform to nearly 300.
15 April 2014
Allied World opens Canadian branch
Specialty (re)insurer Allied World has opened the doors to its newest branch office in Toronto, Canada, as the company continues to build out its global platform.
15 April 2014
Lloyd's looks to overseas offices in new 2014-16 plan
Lloyd's has published a new three-year plan that places a markedly increased emphasis on expanding its presence in international markets.
15 April 2014
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