Insurance news

• The Hanover soars as analysts applaud reserve charge

  04-02-2017 00:36
  The Hanover's shares surged today after the company reported
  $174mn of unfavourable development on its reserves, erasing
  fourth-quarter profit, with analysts praising the move as a way to
  prepare for future earnings unencumbered by further
  adjustments.
  The stock climbed over 7.2 percent to close at $90.10 in New
  York.
  "A sizable amount of the charge is likely the result of
  management moving to a more conservative point within the range as
  it looks to put to bed the trend of...
  
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• Markel names Peterson executive underwriting officer

  04-02-2017 00:36
  Jane Peterson has been named executive underwriting officer on
  Markel's product line leadership team.
  She joins from Chubb, where she worked as executive vice
  president of Chubb North American commercial insurance.In her new role Peterson will be based in Markel's Cranston,
  Rhode Island, office and reports to chief underwriting officer
  Robin Russo at Markel's headquarters in Richmond, Virginia.
  Peterson will oversee the product and regulatory services and
  wholesale binding units, as well as work
  
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