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Maiden books ‘record’ Q4 operating profits
Maiden Holdings reported record operating earnings of $23.3mn, or $0.30 a share for the quarter compared to the prior-year period's Sandy-afflicted loss of $10.1mn, or $0.14 a share.
20 February 2014
Meadowbrook strategic review ongoing as shares slide
Meadowbrook Insurance Group remains actively engaged with Willis Capital Markets & Advisory as it continues to conduct a strategic review of the future of its operations, according to the troubled US insurer's president and CEO Bob Cubbin.
20 February 2014
CNA replaces Hardy CEO Barbara Merry
CNA, the US insurer that acquired the listed Lloyd's carrier Hardy Underwriting for £143mn in 2012, has replaced Barbara Merry, the company's long-serving chief executive.
19 February 2014
Direct Line faces biggest UK flood hit: KBW
Direct Line faces bigger potential losses from the UK floods than any other major listed carrier, analysts at Keefe Bruyette & Woods (KBW) estimated today (19 February)
19 February 2014
Cat pressure spills over into casualty markets: Willis Re
Willis Re today (19 February) warned that the competitive pressure driving declines in property catastrophe rates is starting to spill over into the casualty reinsurance markets
19 February 2014
Besso hires Cooper Gay’s UK CFO
Cooper Gay's UK finance chief Samantha Hovey is leaving to take up the same role at rival insurance broker Besso, Besso shareholder BP Marsh said today (19 February)
19 February 2014
Martin to stay at Willis as joint FI leader
Willis is re-ordering the senior ranks of its London-based financial and executive risks division (FINEX) after convincing Julian Martin to stay on at the firm, The Insurance Insider can reveal.
19 February 2014
Underwriting and investments perform at Greenlight Re
Hedge fund-style reinsurer Greenlight Re reported a strong return to profit for the fourth quarter of 2013 as it benefited from the benign period for losses on its underwriting book and a turnaround in its investment portfolio.
19 February 2014
Meadowbrook falls to Q4 loss as prior-year underwriting deteriorates
Meadowbrook fell to a net operating loss of $14.8mn for the fourth quarter of 2013 as it reported further deterioration on its prior-years' underwriting, this time concentrated in its excess and surplus lines (E&S) portfolio.
19 February 2014
‘Long road to recovery’ following UK floods: industry leaders
Insurance industry leaders have said that following severe flooding the UK faces a "long road to recovery" after a summit was held at 10 Downing Street earlier today (18 February).
18 February 2014
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