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Xchanging enjoys increased insurance profits
Xchanging kept 2013 group revenue flat at £526.4mn (2012 £527.9mn) but adjusted profit before tax was up 13.6 percent at £51.7mn, it said in an RNS statement this morning (27 February)
27 February 2014
RSA launches £775mn rights issue; slumps to 2013 loss
UK general insurer RSA today (27 February) announced plans to raise £775mn ($1.3bn) by selling new shares to investors as part of an effort to replenish capital reserves depleted last year by Irish accounting problems and big weather-related claims.
27 February 2014
Allianz profit up on resilient P&C performance
Allianz, Europe's biggest risk carrier, on Thursday (27 February) reported a better-than-expected 14.6 percent increase in its 2013 profit, helped by a stronger performance from its flagship property and casualty insurance arm.
27 February 2014
Expansive Florida carrier United Insurance launches $50mn stock offering
Expansive Florida-based insurer United Insurance Holdings (UIH) is looking to raise at least $50mn in an underwritten public offering of its common stock under its previously announced $75mn shelf registration.
27 February 2014
Curtis takes chief underwriting role at RenaissanceRe
RenaissanceRe is elevating the CUO of its European platform Ross Curtis to take the role at the group level.
27 February 2014
XL targets accelerated growth with crop insurance acquisition
XL has added to its presence in the crop market with a deal by its US reinsurance subsidiary to buy the fast-growing Global Ag Insurance Services, in a move it hopes will accelerate its growth in the sector.
27 February 2014
Allied World hires Hamilton from AIG to launch PL for architects and engineers
Allied World has lured senior construction underwriting executive Doug Hamilton from American International Group (AIG) to launch a new business line in the US providing professional liability coverage for architects and engineers, The Insurance Insider can reveal.
27 February 2014
Shareholders oppose AFG’s National Interstate take-out on board conflicts
American Financial Group (AFG)'s efforts to buy up the shares it doesn't already own in National Interstate look increasingly challenged as dissenting shareholders along with the US insurer's founder Alan Spachman and his fellow independent directors continue to rebuff the deal.
26 February 2014
Former PartnerRe CEO Patrick Thiele joins OneBeacon board
US specialty insurer OneBeacon has announced the election of former PartnerRe chief executive Patrick Thiele to its board as a class II director.
26 February 2014
Pestcoe retirement triggers PartnerRe exec reshuffle
Global reinsurer PartnerRe has announced a reorganisation of its executive management team following the retirement of its CEO for life and health and investments, Marvin Pestcoe.
26 February 2014
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