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Xuber signs Everest Re
Everest Re has signed up to Xchanging's suite of (re)insurance software, Xuber, becoming the unit's first "competitive win in the USA".
13 November 2013
Profits up a fifth at Third Point on investment returns
Third Point Re reported an 18 percent increase in its third quarter profit thanks to a strong investment performance from Third Point LLC, the Dan Loeb-founded hedge fund that owns a stake in the reinsurer and manages its assets.
12 November 2013
IUA Review 2013
Two years have passed since the last International Underwriting Association (IUA) review published by The Insurance Insider and one thing at least has changed - the size of the London company market itself
12 November 2013
Barbican appoints David Booth as active underwriter
Barbican has promoted David Booth, its head of marine, aviation and transport, to the position of active underwriter on its Lloyd's Syndicate 1955, with Mark Harrington reverting to the role of chief underwriting officer.
12 November 2013
Conan Ward working with Two Sigma on SAC Re approach
The insider trading plea deal that SAC Capital Advisors agreed with federal prosecutors last week is expected to hasten the sales process for the stake the beleaguered hedge fund holds in the Bermudian reinsurer it founded.
12 November 2013
Data room: Share price movements
Weekly share price movements in The Insurance Insider's universe of P&C (re)insurers and brokers
11 November 2013
Swiss Re life run-off unit bottom line drops
Swiss Re's Admin Re unit, which specialises in running off closed life books, has reported net income of $151mn for the third quarter, generating $85mn of gross cash for the group.
11 November 2013
Argo run-off segment hit by $9.1mn Q3 loss
Argo Group's run-off segment fell to a third quarter loss after it was hit by adverse development on asbestos and medical malpractice claims as well as a late Hurricane Katrina claim.
11 November 2013
Enstar Q3 profits take a dip
Run-off specialist Enstar reported lower earnings in the third quarter as its bottom line was dented by the change in its business profile as well as costs linked to its $252mn SeaBright acquisition.
11 November 2013
AIG settles $274mn former executive suit
American International Group (AIG) has settled out of court with the former president of its real estate investment arm for an undisclosed sum ahead of a $274mn trial over allegedly withheld compensation during the financial crisis.
11 November 2013
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