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Insurance
Profits fell at Bermuda-based Aspen Insurance Holdings in the first quarter because of net realized investment losses but the company also enjoyed solid growth in its gross written premiums, writing more than $1 billion worth of premium in the quarter for the first time. 3 May 2018
Insurance
Rate increases and a benign loss environment combined to help specialty insurance provider Lancashire Holdings increase profits while growing gross premiums written in the first quarter of 2018 although its CEO warned that the demand-supply dynamic has not shifted sufficiently to bring about fundamental rate changes across the board. 3 May 2018
Insurance
US-based broker Brown & Brown has entered into an agreement to acquire the Servco Pacific Insurance (SPI) operations in Hawaii and the Pacific Northwest. 3 May 2018
Insurance
Homeowners' re/insurer HCI has proposed to acquire Federated National Holding Company (FedNat) for $257 million which was not accepted by the Federated National board and HCI CEO Paresh Patel is now looking for similar takeover targets. 2 May 2018
News
Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report. 3 April 2018
Insurance
US-based Integro Insurance Brokers is acquiring 100 percent of Hawkes Bay Holdings (HBH), the privately-owned principal parent company of Lloyd’s accredited broker Tysers. 29 March 2018
Insurance
Brian Boornazian, the chairman of Aspen's reinsurance segment and CEO of Aspen Re Americas, is to retire at the end of April. 29 March 2018
Insurance
The MS Amlin syndicate 2001 posted a loss of £499.7 million for 2017, driven by a sharp increase in net claims. This compares to a loss of £35.1 million incurred in 2016. 29 March 2018
Insurance
AmTrust syndicate 1206 has reported a sharp increase in the combined ratio in 2017 as claims from hurricanes Harvey, Irma and Maria (HIM) impacted the results. 29 March 2018
Insurance
Lloyd’s Acappella syndicate 2014 has appointed David Jones as active underwriter and Matthew Bellamy as deputy active underwriter. 29 March 2018
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