Specialty
AmTrust Spent More than $33M to Clean Up Accounting Issues
AmTrust Financial released its 2017 Q1 earnings statement on May 8, after pursuing an audit and having to restate a few years of earnings due to financial reporting concerns. Cleaning up its ...
More China Insurance Regulators Reportedly Under Scrutiny
Chinese investigators have questioned at least two more officials at the nation's insurance watchdog after starting a probe into the agency's former top official Xiang Junbo, according to a person ...
The Latest Launches From Guidewire, Palomar/AAA, Beazley and Allied World
Palomar Specialty Insurance Company and AAA Club Alliance will sell residential earthquake insurance in Oklahoma. Guidewire Software issued the 2017.1 version of its Guidewire InsurancePlatform. ...
Munger Sees Danger, Opportunity in Berkshire Hathaway’s $10.2B AIG Deal
Charles Munger, the vice chairman of Warren Buffett's Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and ...
Weaker Results at GEICO, Gen Re Dampen Berkshire Hathaway’s Q1 Profit
Berkshire Hathaway Inc , the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting ...
Executives On The Move at XL Catlin, Beazley, RLI and Erie Insurance
XL Catlin hired three executives to beef up expanded M&A insurance operations for global transactional risks. An executive joins Beazley to fill the newly created role of financial lines regional ...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become ‘Premier’ Specialty P/C Insurer
Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a "premier" specialty property/casualty insurance company, both domestically and abroad, now that Liberty ...
Double Whammy of Bad Weather, Lower Premiums Hammer U.S. Insurance Profits
The U.S. insurance industry is suffering from lower property-casualty premiums, bad weather claims and interest rates that are still too low to move the needle, according to earnings reports by some ...