Axis launches insurtech business unit

Bermudian carrier Axis has launched Axis Digital Ventures, a new arm of the business that will focus on adopting new technologies across the group. 

Mon 30 Jul 2018

CNA narrowly beats analyst expectations in second quarter

CNA Financial (CNA), the eighth largest commercial insurer in the US, has narrowly surpassed the expectations of analysts to deliver a net income of $270mn in the second quarter.

Mon 30 Jul 2018

Hiscox shares jump as H2 profits and premiums leap

Shares in London-listed (re)insurer Hiscox leapt this morning as investors welcomed the strong results posted by the carrier in the first half of the year.

Mon 30 Jul 2018

Validus swings to loss as AIG takeover completes

Validus has posted a loss of $32.9mn in the second quarter, a week after AIG completed its all-cash $5.56bn acquisition of the Bermudian (re)insurer.

Mon 30 Jul 2018

The Hartford’s talcum powder liabilities excluded from Nico $1.5bn ADC

Berkshire Hathaway has excluded talcum powder-related exposures from the $1.5bn adverse development cover (ADC) it struck with The Hartford in late 2016.

Mon 30 Jul 2018

Darag scores EUR260mn boost from private equity pair

Run-off acquirer Darag has earned a EUR260mn ($303.4mn) investment from a pair of private equity houses just a week after its new CEO Tom Booth took his seat in the office.

Mon 30 Jul 2018

2017 losses will no longer engage The Hartford cat agg program

The Hartford will no longer benefit from recoveries under its 2017 catastrophe aggregate treaty as its gross loss estimates have declined throughout the year.

Mon 30 Jul 2018

The Hartford shares fall as it confirms M&A appetite

Despite posting consensus-beating Q2 results last week, The Hartford’s share price closed down 2.3 percent on Friday (27 July) after it confirmed a strategic focus on M&A rather than share buybacks.

Mon 30 Jul 2018

PartnerRe’s top line leaps 13% as combined ratio suffers

PartnerRe saw gross non-life premiums in the second quarter swell by 13 percent to $1.25bn as the group’s combined ratio gained 6.1 points to hit 93.8 percent.

Fri 27 Jul 2018

Talcum powder asbestos isn’t keeping insurers awake at night

Asbestos. Just the utterance of the word is enough to make a casualty underwriter wake up in a cold sweat. 

Fri 27 Jul 2018

If you’re brave buy the Q2 disappointments...

Although we are less than half way through the second-quarter reporting season, investors have already proved that they have a short fuse when when it comes to any perceived disappointments in company results.

Fri 27 Jul 2018

Aon’s organic revenues up 5% as restructure and litigation hit profits

Fri 27 Jul 2018

Rivera replaces Williams as Tokio Marine HCC CEO

The CEO of Tokio Marine HCC Christopher Williams is to step down from the helm of the carrier in September to be succeeded by Susan Rivera. 

Fri 27 Jul 2018

AJ Gallagher sees organic revenues grow 5.9% in Q2

Organic revenues in Arthur J Gallagher’s broking division climbed by 5.9 percent in the second quarter as the company’s CEO pointed to rate increases across almost all lines. 

Fri 27 Jul 2018

Reserve releases help The Hartford to beat expectations in Q2

The Hartford managed to exceed the expectations of analysts with a $412mn profit in the second quarter after receiving a boost from reserve releases and better results in its commercial lines division.

Fri 27 Jul 2018

Sciemus CFO becomes latest to depart as it puts Lloyd’s plans on ice

Irfan Haq, the chief financial officer of satellites-to-cyber risk modelling and MGA firm Sciemus is to follow the underwriter’s CEO to the exit, re-Insurance.com understands.

Thu 26 Jul 2018