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Brit Insurance appoints bankers as PE exit draws closer
Brit Insurance is exploring its prospects for an initial public offering (IPO) and having quiet conversations with potential trade buyers as private equity backers Apollo and CVC draw closer to an exit, The Insurance Insider understands
05 February 2014
Scor bullish as renewal premiums up 5%
Paris-headquartered reinsurer Scor said today (5 February) that it had performed well in the January 2014 policy renewals despite "challenging" market conditions, with total premiums edging higher and average prices falling only marginally.
05 February 2014
Platinum profits fall but beat Wall Street forecasts
Platinum Underwriters reported a sharp fall in Q4 profits from $121.5mn to $48.6mn and a combined ratio that increased 38.1 percentage points from the prior-year period to 63.5 percent.
05 February 2014
Sandy releases and benign cat quarter boost RenaissanceRe profits
RenaissanceRe generated a fourth quarter underwriting income of $188.9mn and a combined ratio of just 26.4 percent as it benefited from the benign period for cats and significant reserve releases relating to prior-year events.
05 February 2014
Axis retains more and grows top and bottom line
Axis Capital reported strong top and bottom line growth for the fourth quarter as it ceded less of its insurance business, expanded in professional lines reinsurance and benefited from the benign period for cat losses.
05 February 2014
Brown & Brown tumbles after sluggish Q4 results
Shares in Brown & Brown have fallen sharply today (4 February) after the US broker reported underwhelming organic growth at its retail segment and fell short of consensus earnings forecasts for the fourth quarter.
04 February 2014
RSA names former RBS boss Hester as CEO
Stephen Hester, the former chief executive of bailed-out lender Royal Bank of Scotland, has been appointed CEO of ailing UK insurer RSA, the company said today (4 February)
04 February 2014
Retrial granted over $178mn WR Berkley truck death exposure
WR Berkley has succeeded in persuading a trial judge that an extraordinary $178mn damages award against one of its subsidiaries following a tragic road accident was excessive
04 February 2014
Q-Re writes $269mn of reinsurance business at 1 January
Q-Re, the Qatari-owned reinsurer that is trying to buy Lloyd's insurer Antares, said it wrote approximately $269mn of property, casualty and specialty lines reinsurance business at the 1 January renewals
04 February 2014
Munich Re: rates fell 1.5 percent at 1 January renewals
Munich Re, the world's biggest reinsurer, reported a better-than-expected profit for 2013, but said intense competition had forced it to accept an average 1.5 percent drop in prices as customers renewed their policies in January.
04 February 2014
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