Fairfax profit up as cat losses decline
14 August 2017
Canadian company Fairfax Financial Holdings, which has acquired Allied World, says second-quarter net earnings jumped 31% to $US311.6 million…
International
Acquisition prices deter insurers
07 August 2017
High market valuations are curbing acquisition activity by insurers and reinsurers, despite the temptation to board the corporate deal “roller-coaster” to drive growth amid weak markets, according to S&P Global…
Asian infrastructure boom opens doors for reinsurers: Fitch
07 August 2017
Stable domestic consumption, increased government infrastructure spending and expansion of the insurance market will drive reinsurance activity in Asia, according to a report by Fitch…
Cat bond issuance sets record in Q2
07 August 2017
Catastrophe bond issuance has climbed to record levels, driven by renewals and new sponsors entering the market, according to the latest Aon Securities report…
Aon makes gains across the board
07 August 2017
Aon’s second-quarter profit grew 156% to $US769 million ($968.63 million) thanks to growth in all major lines…
Consumer division lifts AIG operating profit
07 August 2017
AIG’s second-quarter operating profit grew 10% to $US1.45 billion as an improved result from its consumer division offset commercial weakness…
Merger costs dent Willis Towers Watson performance
07 August 2017
Restructuring costs prompted a 54.2% slump in net income for Willis Towers Watson in the second quarter, but first-half profit was up 21.6% and revenue was stable…
Tough markets, Debbie dent Swiss Re profit
07 August 2017
Swiss Re’s earnings dropped by about one-third in the first half amid tough market conditions and losses from Cyclone Debbie…
Debbie contributes to weaker Berkshire result
07 August 2017
Berkshire Hathaway has posted a net underwriting loss of $US289 million for the first half, including costs from Cyclone Debbie, compared with a profit of $US550 million in the corresponding period last year…
Investment returns save Liberty result
07 August 2017
Strong investment returns lifted Liberty Mutual’s second-quarter profit by $US111 million ($139.74 million) to $US126 million, making up for a combined operating ratio that deteriorated by 1.3 points to 102.7%…
Aspen defies ‘challenging’ market to grow Q2 profit
07 August 2017
Aspen Insurance Holdings increased its second-quarter net income to $US75.8 million from $US64.9 million in the corresponding period last year…
Hiscox grows premium in ‘tough market’
07 August 2017
Bermuda-based insurer and reinsurer Hiscox has grown gross written premium (GWP) by 13.3% to £1.46 billion ($2.4 billion) for the six months to June 30…
Takeover target Novae posts half-year loss
07 August 2017
UK-based Novae Group, set to be acquired by specialty lines insurer Axis Capital, has reported a pre-tax loss of £14 million ($23 million) for the first half…
ILS record ‘may sound death knell’ for old model
31 July 2017
Catastrophe bond issuance reached a record $US6.3 billion in the second quarter as insurers continued flocking to alternative capital to protect against risks, according to Willis Towers Watson’s market update…
Allianz Q2 profit soars
31 July 2017
Allianz’s preliminary results show an 83.4% rise in net income attributable to shareholders for the second quarter, to €2 billion…
XL Catlin profits from decline in cat losses
31 July 2017
XL Catlin recorded a net income of $US301.6 million in the second quarter, up from $US43.8 million in the corresponding period last year, aided by lower catastrophe losses…
Marsh & McLennan lifts insurance revenue
31 July 2017
The Marsh & McLennan risk and insurance services division’s revenue grew 4% to $US1.92 billion in the second quarter…
‘World-class underwriting’ lifts Chubb profit
31 July 2017
Chubb Chairman and CEO Evan Greenberg says the group is in “excellent shape”, with net income almost doubling to $US1.31 billion in the second quarter…
BIBA gives brokers an app edge on motor claims
31 July 2017
The British Insurance Brokers’ Association has backed a smartphone app that allows motor claims to be submitted in less than 10 minutes and aims to cut claims costs and reduce the 23-day average claims reporting time by up to 90%…
WR Berkley result highlights increasing competition
31 July 2017
WR Berkley has reported net income of $US109 million ($136.47 million) for the second quarter, up slightly from the corresponding period last year…