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Insurance
Ratings agency S&P Global Ratings has downgraded Dutch insurer NN Group due to the financial resources used to acquire its competitor Delta Lloyd which are reducing its capital buffers. 11 May 2017
Insurance
Gross written premiums (GWP) at Beazley shrank slightly in the first quarter as the company bemoaned a “very challenging” rating environment but there was good news on its specialty book which both grew and enjoyed rate increases. 11 May 2017
Insurance
Commercial property/casualty (P/C) rates declined on average by 2.5 percent in the first quarter of 2017, compared to 3.3 percent in the fourth quarter of 2016, according to The Council of Insurance Agents & Brokers’ Commercial P/C Market Survey. 10 May 2017
Insurance
Hannover Re is showing more optimism for the property/casualty (P&C) business which has been particularly impacted by the current soft market after recording significant growth in the first quarter of 2017. 10 May 2017
Insurance
Novae Group enjoyed substantial growth driven largely by US excess and surplus lines in the first quarter of 2017 despite exiting a number of casualty lines of business where it has deemed rates unsustainable. But it also warned that these would still hit its profitability this year. 10 May 2017
Insurance
Maiden Holdings enjoyed solid growth in the first quarter of the year though its profits were dented by higher expenses and casualty losses. 9 May 2017
Insurance
Hiscox enjoyed very strong growth in the first quarter driven by its retail and special risks divisions though its reinsurance division shrank as it noted that rates remain under great pressure in certain classes of business. 9 May 2017
Insurance
Ratings agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the US life/health subsidiaries of Netherland-based insurance group Aegon. 8 May 2017
Insurance
Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson. 8 May 2017
Insurance
Ratings agency AM Best has placed OneBeacon Insurance Group and its subsidiaries "under review with positive implications" following its acquisition by Intact Financial Corporation. 5 May 2017
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