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Lancashire reports Q3 profit slump; stock down
London-listed (re)insurer Lancashire on Wednesday (6 November) said its third quarter profit dropped by two-thirds, falling short of most analysts' forecasts, due to combination of higher claims and weaker investment income.
06 November 2013
Scor says Q3 profit flat
French reinsurer Scor on Wednesday (6 November) reported a flat third quarter profit, better than the slight decline expected by analysts, as higher investment income offset an increase in costs.
06 November 2013
Prior years continue to drag at Meadowbrook
Meadowbrook Insurance Group returned to profitability in the third quarter but marginally missed the Wall Street consensus as unfavourable reserve development remained a headwind
06 November 2013
US commercial price rises ‘lose steam’: MarketScout
More evidence of a modest moderation of US P&C insurance price rises has been provided by the latest MarketScout commercial lines market barometer, with the average rate increase in October falling to 4 percent.
06 November 2013
RenaissanceRe beats on earnings and reports strong top line growth
There was strong top and bottom line growth at RenaissanceRe as the Bermudian generated operating profits of $151.3mn, or $3.36 per share, up from $104.4mn, or $2.07 a share, in the prior-year period.
06 November 2013
No ‘new normal’ for northeast wind after Sandy and Irene
The bunching together of Hurricane Irene and Superstorm Sandy does not indicate a change in the risk of the northeast US being hit by a windstorm, according to Validus Research.
06 November 2013
AmTrust shares climb after earnings beat
Shares in AmTrust Financial Services climbed more than 7 percent in early trading after its third quarter numbers beat the Wall Street consensus and as it continued to report rapid acquisition-led top-line growth
05 November 2013
Impact of underwriting hires will start to show in Q4: Charman
New York-listed (re)insurer Endurance has said that the premium from its recent hiring spree will start to become visible in its next quarterly results.
05 November 2013
Cooper Gay issues riposte to Moody’s downgrade
Global broker Cooper Gay Swett & Crawford (CGSC) has said its business is continuing to develop and grow robustly despite the "disappointing" decision from Moody's to downgrade its debt from B2 to B3
05 November 2013
RSA shares slump after profit warning
Shares in RSA, the UK's biggest commercial insurer, fell 6 percent in early trading today (5 November) after the company warned its 2013 profit would be lower than expected because of a spike in weather-related claims.
05 November 2013
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