Specialty
Executives on the Move at AmTrust, Great American, Markel, Fairfax
Global specialty insurer AmTrust Financial Services Inc. has announced the formation of a new leadership team for its Excess & Surplus division, promoting and expanding the roles of five ...
Hamilton Launches U.S. E&S Insurer
Hamilton Insurance Group has launched a U.S. excess and surplus lines insurer. The new company, Hamilton Select Insurance Inc., has received a financial strength rating of "A-" (Excellent) from A.M. ...
Markel Numbers ‘Thick’ on Underwriting, Investments, Ventures
Markel Corporation reported a "record-smashing" $628 million in underwriting profit for 2021, a figure that translated into a combined ratio of just over 90 for the year. Co-Chief Executive Officer ...
Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics
The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter Olympics as an outbreak of hostilities could force team withdrawals or ...
Kemper Eyes Rate Hikes, Agency Cancellations After Q4 Fall
Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth-quarter financial results. Kemper Corp. reported a net ...
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
RenRe: Absorbing Over $1B in Weather Cats
Early last year, the leader of RenaissanceRe predicted that his company would put $1 billion more net written premium on the books in 2021 than it did in 2020. RenRe's President and CEO Kevin ...
AXIS Capital 2021: A Year of Repositioning
The word of the hour was "repositioning" during the earnings conference call for AXIS Capital last week, with the company reporting its bottom line in the black in 2021, following a net loss in 2020. ...