Performance
Chubb’s Combined Ratio Improves, But Q4 Profit Dips
Chubb Corp., the insurer of high-end homes and mega-yachts, said fourth-quarter profit fell 1.9 percent as investment income declined. Net income dropped to $558 million, or $2.35 a share, from $569 ...
The Program Market is Drawing New Interest, But Not All Competition is Good
The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are ...
Canopius Brings on Ironshore Vet to Lead U.S. Direct Property Growth
Canopius Group Ltd., a global specialty reinsurer, is pursuing U.S. expansion in the direct property sector, and it brought on an Ironshore veteran to get the job done. The company, owned by Japanese ...
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
State Auto Risks Moody’s Ratings Downgrade
State Auto Financial Corp. might end up getting a ratings downgrade from Moody's Investors Service in the wake of news that it strengthened reserves by $72 million pre-tax in the 2014 fourth quarter. ...
QBE Gains Ratings Upgrade From A.M. Best as Revamp Continues
QBE Insurance Group got a ratings upgrade from A.M. Best for operating subsidiaries in the United Kingdom, Australia and North America, reflecting a positive response to the company's ongoing revamp. ...
P/C Industry Profit Estimated at Over $50B for 2014
Overall profit for the U.S. property/casualty insurance industry should pass the $50 billion mark for 2014, according to estimates presented by the president of the Insurance Information Institute on ...
AmTrust Financial Services Will Pursue $162 Million Offering
AmTrust Financial Services Inc. is selling $162 million of stock after striking deals this week to buy an insurance brokerage and a company that protects customers against losses on consumer ...