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FBD profit drops on weaker investment return
Irish personal lines insurer FBD reported a 12 percent drop in its half-year profit on Monday (26 August), as weaker investment returns offset continued premium growth amid tough economic conditions
27 August 2013
Yosemite wildfire spreads north: AIR
A wildfire in California's Yosemite National Park that has engulfed 225 square miles of territory looks set to spread northwards, risk modelling firm AIR Worldwide said late on Monday (26 August)
27 August 2013
Zurich mourns sudden death of CFO
Zurich Insurance Group said it is in mourning following the death of its group CFO Pierre Wauthier, whose body was found this morning at his home.
27 August 2013
Shareholders approve ASI sale
Shareholders of Bermuda-based insurer American Safety Insurance (ASI) have approved the sale of the company to the recommended bidder Fairfax Financial Holdings ending a protracted and at times bitter takeover battle.
27 August 2013
Former Argo E&S president to run IFG wholesale platform
Argo's former excess and surplus lines (E&S) president Lou Levinson is set to re-emerge in the market at International Financial Group (IFG) as president of its wholesale insurance business.
26 August 2013
AM Best affirms Hannover Re
Hannover Re has had its A+ financial strength and aa- issuer credit ratings affirmed by AM Best in the build-up to the autumn negotiations for the crucial 1.1 reinsurance renewals.
24 August 2013
Reinsurance industry outlook stable despite headwinds: AM Best
Despite concerns over pricing pressures and the dwindling pot of redundant reserves available for release, the rating outlook on the global reinsurance segment remains stable, according to AM Best.
24 August 2013
Moody’s puts Arrow Re on negative review
Moody's has put the A3 insurance financial strength ratings of Arrow Reinsurance Company under review for downgrade after taking a similar action on its ultimate parent Goldman Sachs.
23 August 2013
Amarillo insured losses hit $500mn: PCS
The huge hailstorm that passed through the Amarillo area of Texas on 28 May has spawned $500mn in insured losses in the region, according to the latest data from Property Claims Services (PCS).
23 August 2013
Secura CEO Bykowski to retire
John Bykowski, chief executive of US personal and commercial insurer Secura Insurance, is to retire next year.
23 August 2013
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