Industry News
‘All Options’ Still On The Table; Some Lloyd’s Biz Will Go: Aspen CEO
The chief executive of Aspen Insurance Holdings Limited described business changes to Aspen's Lloyd's insurance book last week, while neither unequivocally confirming or denying rumors that a deal to ...
The Latest Launches From Beazley and QBE North America
Beazley has a new consortium at Lloyd's designed to boost capacity for wage & hour risks. QBE North America expanded its operating agreement with a specialist professional liability managing ...
$500M Cat Bond Set to Expand FEMA’s Flood Reinsurance Plan
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets ...
To AIG CEO Duperreault, the Path to Profitability Is ‘Not a Straight Line’
After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to ...
Allianz Beats Profit Estimates, Thanks to PIMCO Momentum
Even after outflows hit Pimco in the last quarter, Allianz SE's giant bond fund unit is on a roll. In an industry plagued by ever-shrinking margins, Pacific Investment Management Co. and its smaller ...
Swiss Re Net Profit Lands Below Forecasts; Reinsurer Mulls IPO for UK Closed Book Biz
Swiss Re is exploring a 2019 listing in Britain of its UK closed book business ReAssure, it said on Friday as a 17 percent fall in first half net profit hit its shares. The reinsurer said that it was ...
AIG Confronts Q2 Underwriting Loss and an Investment Income Slump
American International Group Inc.'s second-quarter earnings took a hit on a slump in income from the insurer's investment portfolio. The stock fell as much as 6.1 percent. Profit in the period fell ...
Price Increases, Investment Income, Organic Growth Propel The Hanover’s Q2
Price increases, a jump in net investment income and organic business growth helped give The Hanover Insurance Group a strong second quarter. The Hanover booked $99.3 million in net income during Q2 ...