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SEC launches investigation into AIG life subsidiary: report
Valic is a Houston-based life insurance business specialising in retirement plans for teachers.
John Hewitt Jones
,
October 29, 2019
Argo to absorb $42mn prior-year reserve charge
The carrier also disclosed an estimate of pre-tax catastrophe losses for the third quarter of $19mn.
John Hewitt Jones
,
October 29, 2019
Aviation broking trio defect to McGill & Partners
Wayne Hawkins, Stuart Nelson and Andrew Barker are set to join the Steve McGill-led broker.
John Hewitt Jones
,
October 29, 2019
Ren Re grows casualty book by 70% YoY
Ren Re missed expectations on its Q3 earnings, generating .29/sh in operating EPS vs street estimates of $.88/sh.
James Thaler
,
October 29, 2019
Carriers put more chips into US MGAs
The finale of the US managing general agency (MGA) conference was a casino night, put on by the claims giant Sedgwick.
Bernard Goyder
,
October 29, 2019
Axis: Misses consensus on Faxai, Dorian losses
Axis significantly missed on earnings last night, reporting operating EPS loss of -$.39/sh vs. analyst expectations of $.29/sh and a a 140% drop from the year prior.
James Thaler
,
October 29, 2019
Arch: Beats on mortgage results
Arch announced third quarter earnings Tuesday, generating .63/sh in after-tax operating income.
James Thaler
,
October 29, 2019
WTW appoints US public sector risk broker
Karen Caterino joins the intermediary’s Seattle office and will place west coast business.
John Hewitt Jones
,
October 29, 2019
Chubb: Price increases spreading and accelerating
Chubb reported net operating income of $2.70 per share in Q3, up 12% from $2.41 last year and a beat versus consensus estimates of $2.61.
Gavin Davis
,
October 29, 2019
AFG: Raises growth guidance and cites pricing above expectations
American Financial Group reported core operating earnigns of $2.25p/sh, an increase of 3% versus $2.19p/sh in the prior year period and a hefty beat to consensus at $2.01.
Gavin Davis
,
October 29, 2019
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