E&S/Specialty

RenaissanceRe reports 2013 first-quarter net income fell to $190.5 million compared to $201.4 million for the same period a year ago, as decreases in underwriting income, written premiums and investment income offset an improvement in weather and energy risk-management operations.

A Travelers survey reveals that some 75 percent of leading manufacturers have expanded their products or services in the past year or expect to do so by years end.

Markel Corp. says it has completed its $3 billion buy of Alterra Capital Holdings and reports a 54.7 percent increase in first quarter profit.

State Auto Financial Corp. reversed a first-quarter loss, booking net income of $19.7 million.

Two Bermuda reinsurers reported sharply different earnings as PartnerRe says first quarter net income fell 35 percent on investment declines while Arch Capital Group saw its net income grow 56 percent as its reinsurance business grew.

Hanover received rate increases of 9 percent in core Commercial and Personal lines during the first quarter and it is seeing greater rate increases in Specialty.