Zurich adds to Hong Kong business
02 November 2015
Swiss giant Zurich has agreed to acquire Hong Kong general underwriter Kono Insurance for an undisclosed sum…
International
Swiss Re finds market tough going
02 November 2015
Swiss Re has reported flat premium in the property and casualty business and a number of large claims in the three months to September 30…
Currency movements hit Aon profit
02 November 2015
Aon has posted a 5% decline in third-quarter net profit after currency movements hit revenue…
Marsh & McLennan hails third-quarter performance
02 November 2015
Marsh & McLennan says its third-quarter net income jumped 8.7% to $US323 million…
Willis reports healthy Q3 profit
02 November 2015
Willis has posted third-quarter net income of $US117 million, compared with a loss of $US7 million in the corresponding period last year…
Gallagher hails ‘excellent’ quarter
02 November 2015
Arthur J Gallagher CEO Patrick Gallagher has welcomed “another excellent quarter”, with combined revenue in the brokerage and risk management segments up almost 5% to $US1.02 billion in the three months to September 30…
Integration dents XL Catlin profits
02 November 2015
XL Catlin’s third-quarter profits have fallen more than 60%, largely due to costs from XL Group’s merger with Bermuda-based insurer Catlin in May…
WR Berkley profits dip
02 November 2015
WR Berkley has reported third-quarter net income of $US152.61 million, down 19% on the corresponding period last year…
Tianjin blast rocks Axis Q3 profit
02 November 2015
Axis Capital Holdings’ third-quarter net profit fell to $US247.6 million from $US279.1 million, driven by losses from the Tianjin blasts and weather-related events…
Arch Q3 profit takes a tumble
02 November 2015
Arch Capital earned net profit of $US74.55 million in the quarter to September 30, down from $US223.19 million in the corresponding period last year…
Reinsurance rates still falling, Baden-Baden hears
26 October 2015
Market consolidation and falling prices will continue for some time, last week’s Reinsurance Meeting in Baden-Baden was told…
Willis ponders ILS permanence question
26 October 2015
Is activity in insurance-linked securities the future or just a fad? That is the question being posed by Willis in its latest ILS Market Update…
Lloyd’s and China Taiping sign MOU
26 October 2015
Lloyd’s and the China Taiping Insurance Group have signed a memorandum of understanding to mark the “significant level of co-operation” between the London-based specialist insurance and reinsurance market and China’s oldest insurance company…
Market volatility dents Ace’s Q3 earnings
26 October 2015
Ace Insurance has posted a 32.7% fall in third-quarter net income as volatile equity markets, including unfavourable foreign currency movement of $US548 million, hit home…
Chubb reports steady Q3 before Ace merger
26 October 2015
Chubb has reported a third-quarter net profit of $US601 million, up from $US594 million in the corresponding period last year…
Cyber risk enters ‘uncharted territory’ as market grows
26 October 2015
US businesses spent more than $US2 billion on cyber insurance last year, and experts predict the figure will triple by 2020 as threats continue to grow…
Collaboration key in the digital world: Munich Re
26 October 2015
Innovative partnerships and client proximity are essential to navigating the digital future, according to a new report from Munich Re…
Canadian insurers give Uber a lift
26 October 2015
The Insurance Bureau of Canada has drawn up documents aimed at helping provinces embrace ride-sharing services such as Uber…
Quiet tornado season profits US insurers
26 October 2015
US property and casualty insurers’ profitability increased 1.4% while premium growth and investment income has remained stable, according to half-year statistics…
Allied World slumps to loss
26 October 2015
Swiss (re)insurer Allied World has reported a net loss of $US51.6 million for the third quarter…