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CNA reassures investors that Hardy has halved cat book
US P&C insurer CNA has stressed to analysts that Hardy's "blown up" cat book has been halved in size as it attempted to sell the acquisition to investors on its first-quarter conference call.
08 May 2012
Tower top line surges on programme growth and rate rises
US insurer and intermediary Tower Group reported strong top line growth of 20 percent in the first quarter as it heralded further rate rises and organic growth.
08 May 2012
US P&C pricing converges between standard and surplus lines carriers
US commercial pricing is converging between standard carriers and non-admitted carriers operating in the excess and surplus lines (E&S) market, according to insurance exchange MarketScout.
08 May 2012
Farmers renews $500mn contingent capital deal
US mutual the Farmers Exchanges has successfully renewed its $500mn contingent capital facility - albeit with a shorter term.
08 May 2012
Alleghany top and bottom line gets Transatlantic lift
Transatlantic Re was a solid contributor to Q1 top and bottom line at Alleghany Corp as the US insurer reported its first set of post-merger financials.
08 May 2012
US taxpayers forecast to make $15bn return on AIG investment
The US Treasury stands to make as much as $15bn profit on its 2008 bailout of American International Group (AIG), according to auditor the Government Accountability Office (GAO).
08 May 2012
Chartis refocus pays dividends
Chartis booked operating income of $1bn and paid the same sum in non-cash dividends to its parent American International Group (AIG) after a solid first quarter for the US insurer.
08 May 2012
Omega investors wait for Argenta proposal
Omega's investors are waiting to see what will come from an 11th hour approach by Argenta and its primary backer Alasdair Locke, which was made public last week by The Insurance Insider.
08 May 2012
Tokio Marine Thai net loss grows by $250mn
Tokio Marine has added $250mn to its expected net loss total for last year's Thai floods as it amended its forecasts for the year to 31 March in the run-up to its full-year results announcement on 18 May.
08 May 2012
News digest
Aviva gathers no Moss; Guy Carp veteran Hewett returns; Ribeiro to head Generali Brazil...
08 May 2012
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