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News

Validus profits increase four-fold despite market pressures

Validus appears to be back on track after it saw a significant jump in its net profits in the second quarter of 2014, in spite of competitive pressures in the market and higher than expected loss events.   25 July 2014

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Assured Guaranty’s MAC receives California licence

Bond insurer Municipal Assurance Corp (MAC), part of the Assured Guaranty group, has been granted a licence to write financial guaranty insurance in the State of California.   25 July 2014

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Allied World’s reinsurance book contracts by 19%

Allied World Assurance Company saw a 19 percent shrink in its reinsurance business in the second quarter of 2014 due to lower premiums across most business lines.   24 July 2014

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Aspen delivers strong quarterly results despite Endurance pressure

Aspen has reported strong results for the second quarter of 2014 as it defends its position from Endurance’s advances in the high profile M&A battle.   24 July 2014

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US property and specialty drive Everest reinsurance results

Everest Re’s reinsurance business grew by 16 percent growth in the second quarter of 2014 driven by US property and specialty lines, despite its CEO cautioning on tough market conditions.   24 July 2014

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Lancashire profits plunge due to intense competition

Lancashire Holdings’ profits took a dive in the first half of 2014, a trend for which its CEO blames additional capital flowing into the industry resulting in intense competition.   24 July 2014

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Natural disaster payout reached $22bn by mid-year

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has issued its mid-year Global Catastrophe Recap report, aggregating the key global natural disaster perils data for the first half of 2014.   24 July 2014

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Insurance lines key drivers of ACE results

ACE achieved strong second quarter results, increasing net premiums written, its underwriting income and driving down its combined ratio.   23 July 2014

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PCS: a quiet year thus far for US cats

According to PCS’ latest catastrophe market report, appropriately entitled Continued calm, the firm has found that US catastrophe losses have been at their lowest level since 2010.   23 July 2014

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Guy Carp appoints global marine & energy specialist

Guy Carpenter has announced the appointment of Simon Smith as head of EMEA & International P&I Business, effective 1st September.   22 July 2014

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