Hannover Re maintains earnings target despite Q2 profit slide
08 August 2016
Hannover Re still expects a full-year net profit of at least €950 million, despite a weak second quarter…
International
Tech will transform industry: survey
01 August 2016
Technological innovation will have a major impact on the insurance industry over the next five years, leading to increased efficiency, automation and a reduction in claims, according to a new survey…
QBE, Manulife agree Hong Kong distribution deal
01 August 2016
Financial services group Manulife has appointed QBE as its exclusive supplier of general insurance products in Hong Kong…
Ironshore seeks $133 million IPO in US
01 August 2016
Chinese conglomerate Fosun International’s subsidiary Ironshore has applied to list in the US, according to a preliminary prospectus…
Marsh & McLennan books solid growth
01 August 2016
Marsh & McLennan’s second-quarter net income improved 13% to $US472 million, buoyed by solid growth across its core businesses…
Aon hails ‘positive performance’ in Q2
01 August 2016
A “positive second-quarter performance” has resulted in Aon reporting net income for the quarter of $US272 million, compared with $US178 million in the corresponding period last year…
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…
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…