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Insurance
Ryan Specialty Group (RSG) Underwriting Managers has signed an agreement to acquire specialty marine managing general agency (MGA) Trident Marine Managers. 27 February 2017
Insurance
QBE group CEO John Neal has lost over A$550,000 ($422.500) in pay due to a delay in notifying his board that he was involved in a relationship with his personal assistant, the company confirmed to Intelligent Insurer. 27 February 2017
Insurance
Bermuda-based specialty re/insurer Argo Group has partnered with Marine Underwriters of America (MUA), to underwrite a suite of physical damage and liability products for recreational marine businesses. 27 February 2017
Insurance
Bluefin Underwriting, the managing general agent (MGA) arm of Bluefin, has boosted its presence in the North East with the appointment of a new broker development manager Ian Chapman to cover the Yorkshire and North East of England region. 27 February 2017
Insurance
Asta, a third-party managing agent at Lloyd's, has announced its investment in a new London and Dubai reinsurance managing general agency (MGA) Arma Underwriting. 27 February 2017
Insurance
Bermuda-based Endurance has reported a 7.3 percent rise in net profit for 2016, despite taking losses from Hurricane Matthew and the earthquake in New Zealand. 27 February 2017
Insurance
Australia’s insurance group QBE expects flat premium growth in 2017 after volumes dropped in 2016. 27 February 2017
Insurance
Bermuda-based specialist insurer Hiscox posted a record pre-tax profit of £354.5 million in 2016, up 64 percent year-on-year on higher premium growth. 27 February 2017
Insurance
American International Group’s US casualty business has performed significantly worse than expected by the firm in recent years, resulting in a $3 billion loss in the fourth quarter of 2016 as the company reacted by striking a reinsurance deal and significantly increasing claims loss reserves. 17 February 2017
Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
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