AM Best – USA flag

H1 US P&C loss and LAE increases outpaced earned premium growth

2019-08-23T15:25:00+01:00

An AM Best analysis has revealed the US property casualty industry’s net underwriting income fell 9.6 percent in the first half, with improved investment income offsetting most of the decline.

David Ross – Ardonagh

Ardonagh losses climb to £44.5mn in H1

2019-08-21T17:40:00+01:00

Private equity-owned UK broker consolidator The Ardonagh Group saw its pre-tax loss climb to £44.5mn, ($54mn) in the first half of the year but its preferred “adjusted Ebitda” measurement saw a notable improvement in its underlying performance.

Evan Greenberg – Chubb

Greenberg transferred $64mn of Chubb shares to wife in divorce deal

2019-08-19T13:46:00+01:00

Chubb chairman and CEO Evan Greenberg transferred a total of 431,296 of his shares in the insurance giant to his wife as part of a divorce settlement this summer - half of which she sold at that time for $32mn, SEC filings reveal.

Mark-Cloutier

Aspen H1 NWP climbs 7.6% on higher retained business

2019-08-15T22:05:00+01:00

Aspen has reported its net premiums went up in the first half despite a drop in gross writings, as its retention ratio jumped to 65.1 percent from 56.9 percent after a cut back in its use of reinsurance, especially in financial and professional lines.

QBE Q2 Results

QBE’s Regan points to North America push

2019-08-15T14:43:00+01:00

The chief executive officer of QBE Pat Regan has said the Australian carrier is poised to take advantage of growth in North America on the back of an improved pricing environment across the continent.

QBE results

QBE takes larger H1 net individual risk losses after reinsurance restructure

2019-08-15T00:09:00+01:00

QBE has reported improved attritional claims experience for the first half of 2019 that was partly offset by increased net costs of large individual risk and catastrophe claims tied to its recently simplified reinsurance programme.

AM Best – USA flag

H1 US P&C loss and LAE increases outpaced earned premium growth

2019-08-23T15:25:00+01:00

An AM Best analysis has revealed the US property casualty industry’s net underwriting income fell 9.6 percent in the first half, with improved investment income offsetting most of the decline.

David Ross – Ardonagh

Ardonagh losses climb to £44.5mn in H1

2019-08-21T17:40:00+01:00

Private equity-owned UK broker consolidator The Ardonagh Group saw its pre-tax loss climb to £44.5mn, ($54mn) in the first half of the year but its preferred “adjusted Ebitda” measurement saw a notable improvement in its underlying performance.

Mark-Cloutier

Aspen H1 NWP climbs 7.6% on higher retained business

2019-08-15T22:05:00+01:00

Aspen has reported its net premiums went up in the first half despite a drop in gross writings, as its retention ratio jumped to 65.1 percent from 56.9 percent after a cut back in its use of reinsurance, especially in financial and professional lines.

QBE Q2 Results

QBE’s Regan points to North America push

2019-08-15T14:43:00+01:00

The chief executive officer of QBE Pat Regan has said the Australian carrier is poised to take advantage of growth in North America on the back of an improved pricing environment across the continent.

QBE results

QBE takes larger H1 net individual risk losses after reinsurance restructure

2019-08-15T00:09:00+01:00

QBE has reported improved attritional claims experience for the first half of 2019 that was partly offset by increased net costs of large individual risk and catastrophe claims tied to its recently simplified reinsurance programme.