Hurricane irma satshot

Lancashire execs buy stock after heavy falls

2018-02-19T10:08:00+00:00

A number of Lancashire’s leading executives and directors bought up shares in the carrier as trading came to a halt last Friday following a week in which a catastrophe-scarred set of Q4 results sent the stock down over 14 percent.

nexus logo

Nexus appoints Panmure Gordon as it eyes stake sale

2018-02-16T15:35:00+00:00

London-based managing general agent Nexus has appointed investment bank Panmure Gordon as it ramps up efforts to sell a portion of the business, re-Insurance.com understands.

National bank of greece guarded

Exin facing double deadline crunch in sprint to complete EUR720mn Ethniki deal

2018-02-16T08:36:00+00:00

Matt Fairfield’s inchoate pan-European insurer Exin is facing two separate deadlines - with one only days away - to buy Greece’s largest insurer, if Greek reports are correct.

The oval pavilion

Brit posts 112 percent combined ratio for 2017

2018-02-16T08:15:00+00:00

Fairfax’s Brit Insurance eked out a small post-tax profit of $21.5mn for the full year 2017 despite the enervating effects of last year which culminated in a combined ratio of 112.4 percent.

Allianz

UPDATE: Bäte remains coy on Allianz-XL acquisition speculation

2018-02-16T08:53:00+00:00

Allianz CEO Oliver Bäte has said the German giant remains committed to investing in the P&C arena, but declined to comment on speculation that Mike McGavick’s XL is the next target on the firm’s radar.

Prem watsa

Fairfax takes $185mn wildfire hit as Allied World deal hits profits

2018-02-16T08:26:00+00:00

The wildfires that ravaged the state of California in the fourth quarter are expected to cost Fairfax - through its numerous subsidiaries - a total of $185.4mn.

Allianz

UPDATE: Bäte remains coy on Allianz-XL acquisition speculation

2018-02-16T08:53:00+00:00By

Allianz CEO Oliver Bäte has said the German giant remains committed to investing in the P&C arena, but declined to comment on speculation that Mike McGavick’s XL is the next target on the firm’s radar.

248 city of london walkietalkie

UPDATE: Lancashire sheds 10% as market punishes Q4 losses

2018-02-15T08:42:00+00:00By

Shares in London-listed (re)insurer Lancashire have plunged nearly 10 percent as investors scrutinised a catastrophe-scarred set of Q4 results.

Brisbane, Australia Suncorp

Suncorp’s reinsurers return to small profit after expensive H1 2017

2018-02-15T09:01:00+00:00

Suncorp’s cat reinsurers returned to a small profit for the last six months of 2017 after a brutal 2016-17 year fuelled by a heavy cat bill and yet further deterioration from the 2011 Canterbury earthquake.

Hamilton, Bermuda

Argo just beats estimates as reserves buoy Q4 results

2018-02-14T09:14:00+00:00By

Argo Group has defied analyst predictions to deliver a modest $0.3mn fourth quarter operating profit as reserve releases and revised catastrophe loss estimates bolstered the bottom line.

Amlin edit aguri punta del este e prix 2014 04

MS Amlin swings to £589mn nine month loss

2018-02-14T11:40:00+00:00By

MS Amlin has fallen to a £589mn ($815.7mn) loss for the nine month period to the end of December as the Japanese-owned carrier took a £171mn hit from the Californian wildfires.