Liberty Mutual turns around Q3 performance
21 November 2016
Liberty Mutual Holding Company has reported a dramatic third-quarter turnaround, posting a $US455 million profit compared with a $US427 million loss in the corresponding period last year…
International
Fraud investigators urged to keep up with social media
21 November 2016
Insurers are increasingly turning the tables on fraudsters by scanning social media, according to a white paper from QBE North America…
UK whiplash crackdown to cut premiums
21 November 2016
British drivers could see their car insurance premiums fall by about £40 a year under plans to either eliminate whiplash claims or cap them…
Hiscox grows premium in tough conditions
21 November 2016
Bermuda-based specialty insurer Hiscox has reported gross written premium of £1.86 billion for the nine months to September 30, an increase of 14.3% on the corresponding period last year…
Aspen triples Q3 net profit
21 November 2016
Aspen Insurance Holdings’ third-quarter net profit more than tripled to $US95.6 million from $US28.2 million, buoyed by improved underwriting margins…
Tech offers top opportunity, Guy Carpenter survey reveals
14 November 2016
Technology innovation will provide the biggest growth opportunities for insurers and reinsurers next year, according to a Guy Carpenter survey of industry executives…
Lloyd’s India branch wins approval
14 November 2016
Lloyd’s has secured the approval of the Indian regulator to provide onshore reinsurance services…
Munich Re upbeat after Q3 profit surge
14 November 2016
Munich Re is confident full-year earnings will “significantly exceed” its €2.3 billion forecast after third-quarter net profit grew 30.3% to €684 million…
Zurich sees signs of recovery
14 November 2016
Zurich has reported third-quarter net income of $US912 million, up 342% on the corresponding period last year following a recovery in general insurance performance…
Allianz turns in strong quarter
14 November 2016
Allianz is on course for its forecast full-year operating profit of €10.5 billion after turning in a strong third quarter thanks to “contributions from all business segments”…
Ebix reports record revenue
14 November 2016
Insurance technology specialist Ebix achieved its highest quarterly revenue figures in the three months to September 30…
Trading environment remains challenging: JLT
14 November 2016
JLT says its risk and insurance business has delivered a resilient performance since the start of July, despite pricing pressures and headwinds caused by economic uncertainty…
CEO steps down as Dual changes leadership structure
14 November 2016
Dual CEO and Chief Underwriting Officer Talbir Bains will step down at the end of January, Hyperion Insurance Group has announced…
Hurricane Matthew costs US insurers $6.5 billion
14 November 2016
Preliminary estimates put the US insurance bill for Hurricane Matthew at $US5 billion ($6.52 billion), according to Impact Forecasting’s catastrophe report for last month…
Hannover Re ‘on track’ after Q3 profit gains
14 November 2016
Hannover Re has reported net profit of €303 million for the three months to September 30, up 19.6% on the corresponding period last year, driven by strong results in reinsurance and solid investment income…
Beazley hails specialty performance
14 November 2016
Beazley increased gross written premium by 2% in the nine months to September 30 compared with the corresponding period last year…
Lloyd’s ‘can’t wait’ after UK court stalls Brexit
07 November 2016
Lloyd’s is pushing to have continued trading rights in Europe after the UK leaves the European Union, but “slight fragmentation” in the financial sector means there are many uncertainties…
Brexit adds to gloom on investments
07 November 2016
Insurers are struggling with investment strategies, with more than half citing weak economic growth and low interest rates among their chief concerns, according to a survey by investment group BlackRock…
Reinsurers’ good run in Asia-Pacific to continue
07 November 2016
Catastrophe reinsurers are expected to return a healthy profit in Asia-Pacific for the fourth year in a row, barring a major event before January, Guy Carpenter says…
‘Leaner’ AIG returns to profit
07 November 2016
AIG recorded net income of $US462 million in the third quarter, overturning a $US231 million loss in the corresponding period last year…