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QBE North America launches transactional liability practice

By: Shelby Livingston

Published February 06, 2015 - 4:20pm CST

QBE North America, a unit of Sydney-based QBE Insurance Group Ltd., has created a transactional liability practice to protect directors, officers and companies against financial losses from a merger or acquisition.

Endurance posts strong quarter as combined ratio improves

By: Matthew Lerner

Published February 06, 2015 - 1:45pm CST

Endurance Specialty Holdings Ltd. reported fourth-quarter net income of $76.4 million, up 29.5% on a significantly improved combined ratio from the same period last year.

Enstar acquiring insurers covering luxury cars, sports associations

By: Shelby Livingston

Published February 06, 2015 - 11:03am CST

Runoff specialist Enstar Group Ltd. said it has agreed to acquire Brussels-based Nationale Suisse Assurance S.A. from its parent company, Nationale Suisse, for €33.7 million ($38.5 million).

Allied World emphasizes strong underwriting in fourth quarter

By: Bill Kenealy

Published February 05, 2015 - 3:20pm CST

Allied World saw a dip in net income but experienced improved underwriting results in the fourth quarter as the company continued to expand its offerings.

Crop losses hit Everest Re profit

By: Matthew Lerner

Published February 05, 2015 - 2:16pm CST

Everest Re reported fourth-quarter net income off 6.7% from the same quarter last year as the firm took an underwriting loss due to crop losses.

PartnerRe profit up despite competitive market

By: Matthew Lerner

Published February 05, 2015 - 1:37pm CST

PartnerRe Ltd. reported fourth-quarter net income of $262.7 million, an increase of 2.0% from the same period last year as the company stressed its gains despite competitive market conditions.

Ace launches transactional risk insurance

By: Shelby Livingston

Published February 05, 2015 - 12:55pm CST

Ace Ltd. has launched three transactional risk insurance products extending protection to buyers and sellers involved in mergers and acquisitions or other transactions.

Property/casualty insurance rates flat in January

By: Sheena Harrison

Published February 05, 2015 - 11:20am CST

Property/casualty insurance rates were flat in January, Dallas-based electronic insurance exchange MarketScout said Thursday.

Beazley reports lower profit for 2014

By: Sarah Veysey

Published February 05, 2015 - 10:14am CST

Beazley P.L.C. on Thursday reported pretax profit of $261.9 million for 2014, down 16.4% from 2013 in part because of lower reserve releases.

Terrorism insurance backstop guidance doesn't address lapse

By: Mark A. Hofmann

Published February 04, 2015 - 2:57pm CST

FIO's new interim guidance on terrorism insurance does not address whether the statute that reinstated the backstop would be retroactive to Jan. 1.

RenaissanceRe profit down on lower investment income

By: Mark A. Hofmann

Published February 04, 2015 - 1:47pm CST

RenaissanceRe Holdings Ltd.'s net income in the fourth quarter of 2014 dropped 36.4% from the same period a year earlier to $170.8 million owing in part to a drop in investment income, the Pembroke, Bermuda-based reinsurer reported.

Berkley profit down on depressed investments

By: Mark A. Hofmann

Published February 04, 2015 - 1:20pm CST

Disappointing investment results helped push W.R. Berkley Corp.'s fourth-quarter 2014 net income down 15.1% from the same period a year earlier to $110.7 million, the company reported.

Axis upbeat about PartnerRe merger in face of lower profit

By: Matthew Lerner

Published February 04, 2015 - 1:03pm CST

Axis Capital Holdings Ltd. on Tuesday reported fourth-quarter net income of $163.7 million, off 4.6% from the prior-year period, as the company stressed market discipline in a difficult environment and touted the advantages of its announced merger with PartnerRe Ltd.

Captives crucial to managing enterprise risks

By: Gavin Souter

Published February 04, 2015 - 12:23pm CST

BOCA RATON, Fla. — Captive insurers can be the foundation of an enterprise risk management program for companies seeking to advance their risk management strategies, captive experts say.

AIG leads coverage of crashed TransAsia plane in Taiwan

By: Sarah Veysey

Published February 04, 2015 - 11:29am CST

American International Group Inc. leads the insurance coverage for the TransAsia Airways turboprop plane that crashed into a river in Taipei, Taiwan, on Wednesday, killing at least 12 people, sources said.

U.K. risk management association welcomes Marine Insurance Act update

By: Sarah Veysey

Published February 04, 2015 - 11:21am CST

U.K. risk management association Airmic Ltd. has welcomed the U.K. Parliament's approval of a bill that will reform a century-old insurance law.

Insurance coverage for midsize finishing contractors offered

By: Shelby Livingston

Published February 03, 2015 - 4:45pm CST

Atlas General Insurance Services L.L.C. on Tuesday launched a contractors general liability and exterior insulation and finish systems program geared toward the middle market.

Insurance researchers honored for work on public-private partnerships

By: Shelby Livingston

Published February 03, 2015 - 2:05pm CST

Hartford profit up 22% in fourth quarter

By: Sheena Harrison

Published February 03, 2015 - 11:11am CST

The Hartford Financial Services Group Inc. saw a nearly 22% year-over-year jump in fourth-quarter profits while posting better-than-expected results in catastrophe losses.

CEO named for Scor's Channel Managing Agency

By: Sarah Veysey

Published February 03, 2015 - 9:58am CST

David Reed has been appointed CEO of The Channel Managing Agency Ltd., the Lloyd’s of London managing agency owned by Paris-based reinsurer Scor S.E. that manages multiline syndicate 2015.

Low catastrophe losses bolster XL's bottom line

By: Judy Greenwald

Published February 03, 2015 - 9:56am CST

Thanks in part to low catastrophe losses, XL Group P.L.C. reported $354 million in net income for the fourth quarter of last year, an increase of 16.6%.

New casualty head for Lloyd's insurer Novae

By: Shelby Livingston

Published February 02, 2015 - 11:56am CST

Novae Group P.L.C. has named Robert Patten as head of its casualty division and member of its executive committee, the Lloyd's of London insurer said Monday.

Comp insurers ease collateral requirements for high-deductible policies

By: Sheena Harrison

Published February 01, 2015 - 6:00am CST

Workers compensation insurers are relaxing collateral requirements for high-deductible policies as credit markets improve and insurers compete for profitable accounts.

Insurers get earlier warning on financial oversight, but concerns remain

By: Mark A. Hofmann

Published February 01, 2015 - 6:00am CST

The Financial Stability Oversight Council's plan to inform nonbank financial companies earlier that they're being considered for tighter regulation is a welcomed move, but falls short of addressing a key insurance industry concern.

UP CLOSE: Kimberly Castle

Published February 01, 2015 - 6:00am CST

JACKSONVILLE, FLORIDA-BASED ASSISTANT VICE PRESIDENT OF THE LONG-HAUL TRUCKING DIVISION

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