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The combined ratio was 92.9 percent, a deterioration of 3.6 percentage points from the prior-year period.
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CEO Mark Watson pledged to make Bermudian digital “from top to bottom”. -
Chairman David Einhorn noted Credit Suisse has relationships with a “broad number of strategic partners”.
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The Bermudian’s proxy battle with Voce cost $7.5mn in additional expenses.
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The Simon Burton-led reinsurer's move follows heavy investment losses and an AM Best revision of its financial strength rating outlook to negative.
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P&C rate growth accelerates to 4 percent from 1 percent.
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Earlier this year executives said they expected the deal to add to The Hartford’s earnings by about $110mn-$145mn.
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The Canadian conglomerate will buy out all of Omers minority stake in Brit.
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The Allianz CFO says a portfolio review could lead to shrinkage at the big-ticket specialty unit.
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Despite a 105 percent combined ratio the Floridian carrier beat Wall Street’s expectations by $0.05.
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Price rises and submission increases boosted the specialty (re)insurer’s second quarter.
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The Florida-based insurer has already taken steps to improve its business in the Sunshine State and New York.
