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Axis shares down 5% on earnings miss but analysts remain bullish
Axis Capital shares were trading down 5.28 percent to $41.99 midday in New York as investors reacted negatively to the Bermudian's fourth quarter earnings miss.
05 February 2014
American Financial to buy out remainder of National Interstate for $267mn
Acquisitive US insurer American Financial Group (AFG) is looking to buy out the shares in National Interstate Corporation it doesn't already own for $267mn in cash.
05 February 2014
Hiscox boosted by Nomura upgrade
London-listed carrier Hiscox's shares climbed more than 4 percent today (5 February) after analysts at investment bank Nomura double-upgraded the company's stock to "buy" from "underweight"
05 February 2014
Global insurance prices fell in Q4: Marsh
Global insurance prices fell on average during the final three months of 2013, with only the US reporting an increase, according to a survey published today (5 February) by Marsh
05 February 2014
Swan Re joins Bermuda hedge fund reinsurance roster
Swan Re, a class 3A Bermudian reinsurer backed by US hedge fund manager Swan Wealth Advisors (SWA), has been formally launched on the island today (5 February) and is seeking equity funding.
05 February 2014
ANV reshuffles as Van Loon becomes underwriting director
Specialty (re)insurer ANV Holdings has announced a major reshuffle at the top of its Syndicate 1861 as part of an effort to move into more profitable non-marine lines of business, the firm said today (5 February).
05 February 2014
Greenberg loses appeal against AIG bailout verdict
The US Court of Appeals has rejected a claim brought by former American International Group (AIG) CEO Hank Greenberg's Starr International Company, which objected to the Federal Reserve's $182bn bailout of the insurer in 2008.
05 February 2014
UK corporate insurance law reforms unveiled
First glimpse at reform of English insurance law on non-disclosure
05 February 2014
US securities class action filing continues to fall
Number of US class action suits filed last year 13 percent below the historical average
05 February 2014
Retrial granted over $178mn WR Berkley truck death exposure
Extraordinary California motor damages award judged excessive
05 February 2014
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