Munich Re lifts full-year profit forecast
10 August 2015
Munich Re has raised its full-year profit outlook thanks to below-average losses…
International
AIG insists today’s profit hit is tomorrow’s gain
10 August 2015
AIG’s second-quarter net profit took a pounding, but an after-tax operating profit that exceeded market expectations appears to have held the global insurer in good stead…
Lower cat claims boost Allianz net profit
10 August 2015
Allianz says second-quarter net profit grew 15% to €2.02 billion due to lower claims from natural catastrophes and the sale of an insurance subsidiary…
XL Catlin profit jumps
10 August 2015
The newly merged XL Catlin group has reported a $US915.04 million profit for the three months to June 30, the first quarter since Catlin was taken over…
Reinsurance, investments drive Hannover Re profit
10 August 2015
Hannover Re’s net profit grew 19.7% to €531.9 million in the first half, driven by better reinsurance and investment results across the group…
AM Best puts Ironshore under review after Fosun deal
10 August 2015
AM Best has placed Ironshore’s ratings under review, with negative implications, following the takeover of the Bermuda-based insurer by Chinese conglomerate Fosun…
Ebix reports rising Q2 profit
10 August 2015
Global insurance industry software provider Ebix has reported second-quarter net income of $US19 million, up 40% on the corresponding period last year…
US storms to cost insurers $440 million
10 August 2015
Storms that hit the US last month are expected to generate insurance losses of more than $US325 million, according to Impact Forecasting…
US rates moving up
10 August 2015
After four months of stagnation, US commercial rates increased 1% last month, while a composite index of personal lines rates gained 2%, according to analyst MarketScout…
Fair weather batters Crawford & Co
10 August 2015
Low claims volumes and corporate costs cut Crawford & Company’s net profit by more than half in the June quarter, down to $US4.05 million from $US10.46 million in the corresponding period last year…
Scientists predict another mild hurricane season
10 August 2015
US researchers expect a below-average Atlantic hurricane season, estimating eight named storms between June 1 and November 30…
Rate reductions ease in UK personal lines
10 August 2015
The rate of decline in UK home and motor premiums is slowing after three years of reductions, according to the British Insurance Brokers’ Association…
Zurich confirms RSA is takeover target
03 August 2015
Zurich Insurance Group has confirmed its interest in acquiring British company RSA Insurance Group…
Lloyd’s applies for Malaysian reinsurance licence
03 August 2015
Lloyd’s will apply for a reinsurance licence in Malaysia and open an office in Kuala Lumpur, the UK and Malaysian governments have announced…
Cost of risk falling, RIMS says
03 August 2015
The cost of risk fell last year after three years of increases, and the market continues to soften, according to the annual Risk Insurance Management Society’s US Benchmark Survey…
Bill Berkley hands reins to his son
03 August 2015
WR Berkley Chairman and CEO Bill Berkley is handing over as CEO of the company he founded in 1967 to son Robert…
Aon Q2 profit slumps
03 August 2015
Aon has reported second-quarter net income of $US188 million, down 40% on the corresponding period last year…
Strong dollar pushes down Marsh & McLennan profit
03 August 2015
Marsh & McLennan’s net profit dropped 2.7% to $US419 million in the second quarter, mainly due to the strong US dollar…
Profit rises sharply for growing Gallagher
03 August 2015
Strong organic growth and acquisitions helped Arthur J Gallagher increase profit by 28% to $US139.3 million in the June quarter…
Willis reports profit rise
03 August 2015
Willis has reported second-quarter net income of $US70 million, up 49% on the corresponding period last year…