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…
International
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…
Doyle leaves Dual to set up new venture
19 October 2015
London-based Dual International CEO Shane Doyle is leaving the company to begin an independent venture…
Big Data opens door to liability modelling
19 October 2015
Insuring commercial liability amid technological and scientific change is not without its challenges. Science-based risk, for example, can lead to liability catastrophe, as seen with asbestos…
Willis Re unveils new catastrophe modelling method
19 October 2015
Willis Re has upgraded its approach to catastrophe modelling to help insurers measure and mitigate exposure more accurately…
Xchanging endorses Capita bid
19 October 2015
Xchanging’s board has urged shareholders to accept Capita’s 160 pence cash offer for the company unless a better bid comes along…
AIG sells Central American operations
19 October 2015
AIG has sold its Central American businesses to Panama-based financial services group ASSA…
UK holds execs to account
19 October 2015
The UK Government has strengthened provisions requiring financial services managers in the non-banking sector to take personal responsibility for their decisions…