Cat losses fail to dent Liberty Mutual profit
09 March 2015
Liberty Mutual has posted a 5% increase in profit to $US1.83 billion for last year…
International
Scor P&C operation lifts GWP
09 March 2015
Scor’s global property and casualty division increased gross written premium by 2.7% to €4.94 billion last year…
Hiscox defies ‘tough conditions’
09 March 2015
Bermuda-based Hiscox says gross written premium grew 3.3% to £1.75 billion last year, thanks to premium growth in the US and record profits in the UK and Europe…
Amlin profit falls on lower returns, reserve releases
09 March 2015
Reinsurer and Lloyd’s underwriter Amlin recorded a 21% drop in net profit to £236.4 million last year due to lower reserve releases and a fall in investment returns…
UK insurers warned over fossil fuel investments
09 March 2015
The UK’s Prudential Regulation Authority warns insurers they could get burned by investing in fossil fuels…
Reinsurers face stark choices in weak market: AM Best
02 March 2015
With mergers and acquisitions expected to be the hallmark of another tough year for the global reinsurance industry, a report from AM Best warns one company’s survival strategy may be another’s sudden death…
Risk committees key to corporate success: RIMS
02 March 2015
Risk committees are essential if companies are serious about protecting their assets, the Risk and Insurance Management Society says in a new report…
Global losses hit five-year low
02 March 2015
Insured global losses fell to their lowest level since 2009 last year, according to the Guy Carpenter Global Catastrophe Review…
Berkshire Hathaway appoints Asia execs
02 March 2015
Berkshire Hathaway Specialty Insurance has announced two appointments to its Asian underwriting team…
UK insurer fined for cyber breach
02 March 2015
A British online travel insurer has been fined £175,000 ($344,073) after security failings allowed hackers to access private records…
Tokio Marine sustains rating after Japanese downgrade
02 March 2015
Moody’s has rated Tokio Marine & Nichido Fire Insurance Aa3 for insurance financial strength, making it the only financial institution in Japan to top the country’s sovereign rating of A1…
Ironshore appoints Asia-Pacific MD
02 March 2015
Ironshore International has hired industry veteran Hui Yun Boo to be MD Asia-Pacific and Principal Officer based in Singapore…
Allianz braces for ‘challenging’ year ahead
02 March 2015
Allianz Group has posted a 3.8% rise in net profit to €6.2 billion ($8.9 billion) for last year, as revenue topped €120 billion ($172.7 billion) for the first time…
FM Global profit dips, but CEO upbeat
02 March 2015
US commercial property insurer FM Global has reported a net profit of $US956.4 million ($1.2 billion) for last year, down 6.2% on 2013…
Productivity gains lift Xchanging earnings
02 March 2015
Xchanging has posted an operating profit of £55.8 million ($110.3 million) for last year, up 21.5% compared with 2013…
Lloyd’s names first South Korea rep
02 March 2015
Lloyd’s has appointed former London broker Jin-Yung Sun as its first General Representative for South Korea…
Tokio Marine partners with Hollard in Africa
02 March 2015
Tokio Marine & Nichido Fire Insurance has joined forces with South African insurer Hollard to gain a foothold in the African market…
Brit profit soars 40%
02 March 2015
Specialty insurer Brit has reported a net profit of £139 million ($273 million) for last year, up 39.7% on 2013…
Coface profit dips as expansion lifts turnover
02 March 2015
French trade credit insurer Coface has reported a 1.8% drop in net profit to €125 million ($180.99 million) for last year…
Indian bank flags insurance sell-off
23 February 2015
State Bank of India plans to sell a partial stake in its life and general insurance businesses…