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Charman hires head of onshore energy from Axis
Endurance CEO John Charman has continued to cherry pick talent from Axis, the carrier he founded and previously ran, by recruiting its head of onshore energy, Cliff Easton, The Insurance Insider can reveal.
29 October 2013
Willis sees UK storm loss of up to $800mn
The Atlantic storm that swept across northern Europe in the early hours of Monday (28 October) will cause between £300mn and £500mn ($480mn-$800mn) of insured losses in the UK, according to a Willis estimate
29 October 2013
PCI Newsletter 2013
The World Reinsurance Forum (WRF) was hastily assembled at the Monte Carlo Rendez-Vous of 2009. The sector came together with one voice, and that voice has delivered a few very specific messages
29 October 2013
Hartford boosted by rising prices
US insurer Hartford Financial reported a better-than-expected 17 percent increase in its third quarter profit, helped by a strong contribution from its commercial insurance arm, which benefited from a sustained increase in prices
29 October 2013
Montpelier Re reports 53.9% CR on reserve releases
Montpelier Re smashed Wall Street estimates on Q3 operating earnings as favourable development from its prior years' reserves helped improve the combined ratio by almost 20 percentage points year-on-year to 53.9 percent.
29 October 2013
PartnerRe’s shares climb on strong earnings
PArtnerRe's shares climbed more than 5 percent during early trading in New York as investors welcomed the company's strong outperformance in the third quarter.
29 October 2013
Arch reinsurance top line lifted by Tower QS
Bermudian (re)insurer Arch cut back its property catastrophe reinsurance book by a third in Q3, but the overall top line of its reinsurance book was boosted by the one-off impact of its quota share transaction with troubled insurer Tower Group
29 October 2013
Axis-backed Florida start-up prepares to depopulate
The Axis-backed Florida take-out insurer headed by Bob Ricker is gearing up to participate in the latest depopulation drive by Citizens Property Insurance Corporation after receiving regulatory approval earlier this month.
28 October 2013
Data room: Share price movements
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
28 October 2013
CNA reports improved underlying combined ratio
CNA Financial Corporation reported operating income that climbed by a quarter year on year as improving underlying margins in its P&C business helped offset higher catastrophe losses and another loss from its life insurance segment.The insurer reported net operating income of $269mn or $1 per diluted share, compared to $0.80 a share in Q3 2012.
28 October 2013
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