AJG earnings rise in ‘stable’ soft market
01 August 2016
Arthur J Gallagher recorded revenue and profit growth in the second quarter amid a weak price environment in property and casualty…
International
Chubb’s Q2 profit slides
01 August 2016
Chubb has reported a second-quarter profit of $US726 million, compared with $US942 million in the corresponding period last year…
Swiss Re earnings drop as catastrophes take toll
01 August 2016
Higher-than-expected catastrophe losses hit Swiss Re’s second-quarter profit, which slumped 22% to $US637 million…
Catastrophes hit XL Catlin profit
01 August 2016
XL Catlin has reported second-quarter net income of $US43.78 million, down from $US915.04 million in the corresponding period last year…
Expenses dent WR Berkley Q2 profit
01 August 2016
WR Berkley has reported net income of $US108.97 million for the second quarter to June 30, down from $US123.04 million in the corresponding period last year…
Scor first-half result ‘shows resilience’
01 August 2016
French reinsurer Scor has recorded a half-year profit of €275 million, down 15.9% on the corresponding period last year…
Arch reports strong income gain
01 August 2016
Arch Capital has reported second-quarter net income of $US205.6 million, up from $US110.3 million in the corresponding period last year…
Hiscox mulls post-Brexit options as profit rises
01 August 2016
Bermuda-incorporated and London-listed Hiscox has reported improved half-year earnings, and says it is considering a new European operation under its post-Brexit strategy…
UK regulator finds lapses in AR oversight
25 July 2016
Some British insurers do not properly monitor the activities of appointed representatives, which exposes customers to undue risk, the Financial Conduct Authority says…
June global temperature record tumbles
25 July 2016
Temperatures last month beat the global June average by the greatest amount since records began in 1880, according to the US National Oceanic and Atmospheric Administration…
Atrium quits Lloyd’s Singapore platform
25 July 2016
Lloyd’s syndicate Atrium is pulling out of the market’s Singapore platform after deciding the business is unlikely to meet growth expectations…
First-half cat losses ‘worst since 2011’
25 July 2016
Global economic catastrophe losses reached $US98 billion in the first half of this year, while insured losses hit $US30 billion…
UK court allows marine claim despite ‘collateral lies’
25 July 2016
The Association of British Insurers has criticised a UK court decision allowing a claim for damage to a ship despite lies told by the claimant to support its case…
Catastrophe bond issuance eases from record
25 July 2016
Catastrophe bond issuance eased to $US800 million in the second quarter after a record $US2.2 billion in the first three months of the year, according to Aon Securities…
US businesses ‘should prepare for climate change’
25 July 2016
American businesses must prepare for the increased extreme rainfall that climate change “will almost certainly deliver”, insurer FM Global warns in a new research paper…
Lloyd’s outlook cut as competitive pressure grows
25 July 2016
AM Best has cut its outlook for Lloyd’s from positive to stable, while affirming its financial strength rating at A and issuer credit ratings at A plus…
Businesses in slow lane on driverless cars
25 July 2016
Most companies are unprepared for the emergence of autonomous vehicles, according to a new survey by Munich Re…
Beazley GWP rises amid tough market
25 July 2016
London-listed insurer Beazley has reported a 2% rise in first-half gross written premium, but earnings slipped due to increased insurance claims…
Allied World hails Q2 profit surge
25 July 2016
Swiss-based insurer Allied World has reported a $US153.4 million profit for the second quarter, up from $US9.5 million in the corresponding period last year…
AIR sets up global resilience practice
25 July 2016
Catastrophe modeller AIR Worldwide has formed a global resilience practice to support risk reduction…