Underwriting
Aspen CEO O’Kane: Insurance Division ‘The Source of Considerable Poor Performance’
Aspen Insurance Holdings lost nearly $185 million in the 2017 fourth quarter, or $3.25 per diluted share. The struggling Bermuda-based insurer and reinsurer also saw its consolidated combined ratio ...
Zurich Insurance Discloses $1B Share Buyback, Dividend Hike, Encouraging Earnings
Zurich Insurance struck a confident note on Thursday, with a $1 billion share buyback and its first dividend hike in seven years as it reported better-than-expected earnings despite hefty catastrophe ...
XL Group Is Reportedly Drawing Potential Suitors, Including Allianz
Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge of the matter. Interest from insurers in potentially ...
Allstate’s Q4 Excelled With Underwriting, Investment Income and Tax Cut Gains
The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts ...
U.S. Drought Footprint in January Reached Largest Levels Since 2014
In January, the East was cold, the West was warm and drought reached its largest extent since 2014, the National Centers for Environmental Information said Wednesday. The average temperature across ...
U.S. P/C Industry 2017 Underwriting Loss Even Worse Than 2016: A.M. Best
The U.S. property/casualty insurance industry will likely post a second consecutive year of underwriting losses for 2017, and it will be much worse than the year before, according to a new A.M. Best ...
Berkshire Hathaway’s Business Wire Dealing With Ongoing Cyber Attack
Business Wire, the corporate news release distributor owned by Warren Buffett's Berkshire Hathaway Inc, on Tuesday said it has been suffering for nearly a week from a cyberattack designed to disable ...
U.S. Treasury Security Mnuchin Seeks Answers From Consumer Bureau on Equifax Breach
U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc after a report that ...