Underwriting income soars to $426m as the specialty re/insurer shaves 3.9 points off its combined ratio to 93.9%
Bermuda-based firm hires Aon's Steingold as it separates origination from M&A
Illinois-based group continues to hike premium rates
Short-tail and long-tail specialty insurance segments drive underwriting profit growth
Combined ratio improved by 12 points to 84.7% despite $50m in Ukraine losses
Insurance stocks rise in value but fail to match S&P 500 gains
Specialty MGA hires Brian Hayes from AIG to lead Americas operation, with capacity from Markel
Bermuda-based specialty carrier reports gross written premiums surged 93% to $2.12bn in 2021 and says it is ‘monitoring’ Ukraine exposures
News comes days after the Florida Office of Insurance Regulation approved a restructuring plan for group
Toronto-based group’s combined ratio improves 2.0 points in first quarter to 88.4% as underwriting income surges 80%
Florida insurer of last resort approves spend of $400m to cover 90% of reinsurance needs as CFO cautions coverage will be ‘difficult to place’
Kevin O’Donnell-led carrier once again achieves the best performance, as Axis Capital is the most improved in Q1 and Arch Capital takes the biggest Ukraine war hit, Insurance Day’s analysis finds
Daniel Malloy named as interim chief executive
WR Berkley appoints Michael Marcus to succeed Chandler Cox to lead subsidiary providing workers' compensation cover to high-hazard industries
Warren Buffett-led re/insurance and investment holding company made $41.6bn in net share purchases during the first quarter
German insurance giant enters into settlements with the Department of Justice and the Securities and Exchange Commission, pleading guilty to one count of criminal securities fraud and accepting it violated US securities laws
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