WR Berkley profit dips despite international improvement
04 May 2015
WR Berkley has reported first-quarter net income of $US118 million ($147 million), down 30% on the corresponding period last year…
International
Axis profit rises as expenses dip
04 May 2015
Axis Capital says profit grew 13.8% in the first quarter to $US156 million ($197.58 million), thanks to lower expenses, higher reinsurance and investment income, and the suspension of its share repurchase program…
Soft pricing, non-renewals eat into PartnerRe profit
04 May 2015
PartnerRe has reported a 22% fall in first-quarter profit, despite favourable reserve development and no major catastrophes…
Arch books 57% rise in Q1 profit
04 May 2015
Arch Capital has posted a 57% rise in first-quarter net income to $US277.9 million ($352.1 million), driven by gross written premium and currency gains…
AJG reports increase in broking, risk management
27 April 2015
Arthur J Gallagher is seeking more acquisitions after buying OAMPS and Crombie Lockwood from Wesfarmers last year, Chairman and CEO Patrick Gallagher told an earnings update…
Shallow quake devastates Nepal
27 April 2015
The Nepal earthquake, which has killed at least 3200 people, was particularly destructive because it occurred at only 10km depth, AIR Worldwide says…
US commercial rates fall in first quarter
27 April 2015
The US commercial property and casualty market continued to soften in the first quarter, the Council of Insurance Agents & Brokers says…
Skills shortages hold back British SMEs
27 April 2015
The largest barrier to growth for UK SMEs is a lack of talent in the workforce, according to a British Insurance Brokers’ Association survey…
Further profit slide unavoidable, Munich Re says
27 April 2015
Munich Re has forecast another fall in net profit this year…
Swiss Re AGM approves share buyback
27 April 2015
Swiss Re has won approval from shareholders for a public share buyback of 1 billion Swiss francs ($1.33 billion)…
IMF criticises US insurance regulation framework
27 April 2015
Insurance regulation in the US remains complex and fragmented despite recent reforms, according to an International Monetary Fund report…
Ace reports fall in Q1 profit
27 April 2015
Global insurer Ace recorded net income of $US681 million ($877 million) for the first quarter, down 7.2% on the corresponding period last year…
Winter chill hits Chubb earnings
27 April 2015
US insurer Chubb says recent cold weather is to blame for a 16.5% plunge in first-quarter net profit…
Allied World net income falls
27 April 2015
Swiss-based insurer and reinsurer Allied World has reported a 29% drop in net income to $US124.4 million ($159.92 million) for the first quarter of this year, due mainly to lower reinsurance earnings…
Acquisitions lift Cooper Gay result
27 April 2015
Global wholesale and reinsurance broker Cooper Gay Swett & Crawford says fee and commission revenue grew 13.4% to $US387 million ($499 million) last year…
Reinsurance M&A hots up as Exor counterbids for PartnerRe
20 April 2015
Italian company Exor has stirred up corporate activity in the reinsurance world with a takeover bid for reinsurer PartnerRe, which in January announced plans to merge with Axis Capital…
Climate change pledges ‘not enough’
20 April 2015
Emissions pledges from the US, EU and China in the run-up to December’s World Climate Conference in Paris have fallen short, according to Munich Re…
NAB-owned UK bank fined over PPI scandal
20 April 2015
The UK’s Financial Conduct Authority has fined Clydesdale Bank a record £20.67 million ($39.62 million) over failures in its handling of payment protection insurance complaints…
Aon reveals Q1 insurance-linked securities record
20 April 2015
Aon Benfield Securities, the investment banking division of global reinsurance intermediary Aon Benfield, says first-quarter catastrophe bond issuance was the highest in the history of the insurance-linked securities sector…
Marine losses falling: IUMI
20 April 2015
Hull losses are decreasing for most types of vessel, according to the latest International Union of Marine Insurance statistics…