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  • Shares in Zurich Insurance Group fell 3.7 percent today (15 August) after the diversified Swiss carrier reported a bigger-than-expected 27 percent drop in its second quarter profit, which was blamed on flood losses and dwindling investment returns
  • Pre-tax insurance profits at diversified Australasian conglomerate Wesfarmers rebounded strongly from A$36mn to A$243mn in the year to 30 June 2013, driven by higher premiums and a reduction in claims as reserves from the Christchurch earthquakes stabilised.
  • Athene Holding, the insurer backed by buyout firm Apollo, has struck a deal with New York regulators aimed at speeding up its delayed $1.8bn takeover of Aviva's fixed annuity business in the US
  • Third Point Re, the Bermudian reinsurer founded by hedge fund guru Dan Loeb, has priced its stock market flotation in New York at $12.50 per share – at the bottom end of the $12.50-$14.50 range it set last week
  • Diversified Swiss carrier Zurich Insurance Group reported a bigger-than-expected 27 percent drop in its second quarter profit this morning (15 August), caused by tornado and flood losses as well a weaker investment performance.
  • Catalina has raised its bid for American Safety Insurance (ASI) for a second time as the takeover battle for the Bermuda-based insurer becomes increasingly acrimonious.
  • American International Group (AIG) has turned to a familiar face to drive its global consumer insurance business by rehiring Kevin Hogan from Zurich Insurance Group.
  • Endurance has continued its revamp under new CEO John Charman with the hire of Stuart Pattison from CNA Insurance to head up its new US Law Firm practice.
  • Allied World is set to take a 21.2 percent share in London-based managing general agent Gravity in a further expansion of its European business, according to a statement released today (13 August).
  • Iron-Starr Excess Agency CEO Stuart Anderson is stepping down from his position after deciding to relocate from Bermuda for personal reasons, US specialty insurer Ironshore said on Tuesday (13 August).