Cut jobs necessary to meet changing business needs, spokesperson says...
James River, Global Indemnity deal comes amid evolving E&S market
A proposed merger between excess and surplus specialists James River Group Holdings Ltd. and Global Indemnity Group LLC comes as the US E&S market...
A proposed merger between excess and surplus specialists James River Group Holdings Ltd. and Global Indemnity Group LLC comes as the US E&S market...
Article / 11 days ago
Fresh challenges ahead for Lloyd's after 1st underwriting profit in years
Having returned to underwriting profit, Lloyd's still has expense and inflation challenges to tackle, as well as an uncertain claims bill from the Russia-Ukraine war...
Having returned to underwriting profit, Lloyd's still has expense and inflation challenges to tackle, as well as an uncertain claims bill from the Russia-Ukraine war...
Article / 2 years ago
Lemonade, Metromile shares react to tie-up; P&C stocks tick down
The broader markets moved down slightly during the week ending Nov. 12, with the S&P 500 slipping 0.31% to 4,682.85. The S&P 500 Insurance index climbed 0.68% to 545.87...
The broader markets moved down slightly during the week ending Nov. 12, with the S&P 500 slipping 0.31% to 4,682.85. The S&P 500 Insurance index climbed 0.68% to 545.87...
Article / 2 years ago
Travelers logs solid quarter as earnings season kicks off; insurance stocks slip
The S&P 500 climbed 1.94% to 3,841.47 for the week ending Jan. 22, while the SNL U.S. Insurance Index declined 0.93% to finish at 1,208.96...
The S&P 500 climbed 1.94% to 3,841.47 for the week ending Jan. 22, while the SNL U.S. Insurance Index declined 0.93% to finish at 1,208.96...
Article / 3 years ago
Analysts see market conditions as ripe for AIG split
The prospects for life insurance and P&C insurance are divergent, and AIG is in a position to benefit from improved P&C performance, observers said...
The prospects for life insurance and P&C insurance are divergent, and AIG is in a position to benefit from improved P&C performance, observers said...
Article / 3 years ago
Lloyd's seen maintaining performance after 'substantial' H1 shift — analysts
Although its headline performance was marred by coronavirus claims, the 334-year-old insurance market reported its best underlying performance of the past five half-years...
Although its headline performance was marred by coronavirus claims, the 334-year-old insurance market reported its best underlying performance of the past five half-years...
Article / 4 years ago
Munich Re defends top global reinsurance ranking in 2019
Munich Re posted a 2.4% year-over-year increase in reinsurance premiums to $37.85 billion in 2019. Swiss Re grew premiums by nearly 18% to narrow the gap between itself and Munich Re...
Munich Re posted a 2.4% year-over-year increase in reinsurance premiums to $37.85 billion in 2019. Swiss Re grew premiums by nearly 18% to narrow the gap between itself and Munich Re...
Article / 4 years ago
Pruning continues as loss-making Lloyd's syndicates strive for profit
A range of syndicates are continuing to exit or severely cut back lines of business despite improving rates in many lines, but others are poised for growth...
A range of syndicates are continuing to exit or severely cut back lines of business despite improving rates in many lines, but others are poised for growth...
Article / 4 years ago
AIG's 1st post-financial crisis underwriting profit punctuates P&C turnaround
CEO Brian Duperreault said he could not remember the last time AIG generated an underwriting profit through a full calendar year, perhaps unsurprising given that it was over a decade ago...
CEO Brian Duperreault said he could not remember the last time AIG generated an underwriting profit through a full calendar year, perhaps unsurprising given that it was over a decade ago...
Article / 4 years ago
Lloyd's of London syndicate closures a sign of strength, say analysts
The four syndicate closures seen in recent months show that the Lloyd's profit crackdown has teeth, but recovery for the market will not come quickly, according to rating analysts...
The four syndicate closures seen in recent months show that the Lloyd's profit crackdown has teeth, but recovery for the market will not come quickly, according to rating analysts...
Article / 4 years ago
