Investors have pumped $10mn into cyber-focused InsurTech startup Coalition, an MGA backed by Swiss Re and Argo paper that began writing business last year.
Third Point Re swung to a fourth quarter profit driven by net investment gains that more than offset underwriting losses sustained by the hedge fund reinsurer.
Liberty Mutual's fourth-quarter pre-tax operating earnings fell 61.5 percent to $165mn from the year-earlier period as net catastrophe losses surged 69 percent to $450mn, the Boston-based carrier said late Monday.
CBL Insurance Europe was placed in administration Monday by the Bank of Ireland, after the parent company and domestic subsidiaries entered voluntary administration in New Zealand.
National General shares climbed over 15 percent in New York trading today after the insurer posted earnings that easily topped analysts' estimates late yesterday, aided by the Direct General acquisition and lower catastrophe losses than anticipated.
