Falling reinsurance rates hit Hiscox
17 November 2014
Bermuda-based Hiscox says gross written premium fell to £1.36 billion ($2.45 billion) from £1.37 billion ($2.47 billion) in the nine months to September 30, due to declining reinsurance rates…
International
Brit benefits from specialty growth
17 November 2014
Acquisitions helped UK-based Brit lift gross written premium by 5% to £990.7 million ($1.8 billion) in the nine months to September 30…
UK terrorism pool set for shake-up
10 November 2014
Pool Re will hold an extraordinary general meeting on November 21 to consider UK Treasury proposals to reform the British terrorism pool…
Investment revenue drives AIG earnings rise
10 November 2014
US-based global insurer AIG’s net income grew 1% to $US2.19 billion ($2.53 billion) in the third quarter as investment earnings offset an underwriting loss in the property and casualty division…
Zurich forecasts soft phase
10 November 2014
Zurich warns prices may weaken after it posted a reduced general insurance operating profit in the third quarter…
Allianz ‘on right track’ as Q3 profit grows
10 November 2014
Allianz Group has reported revenue of €28.78 billion ($41.50 billion) for the third quarter, up 14.5% over the corresponding period last year…
Munich Re targets growth as profits rise
10 November 2014
Munich Re has reported third-quarter profits of €738 million ($1.07 billion), up from €630 million ($914 million) in the corresponding period last year…
Benign losses lift Swiss Re profit
10 November 2014
Swiss Re says net income for the first nine months of the year grew to $US3.26 billion ($3.77 billion) from $US3.24 billion ($3.75 billion) thanks to a benign period for natural…
Ebix Q3 profit surges
10 November 2014
Ebix has reported net income of $US18 million ($20.8 million) for the third quarter, up 37% on the corresponding period last year…
Hyperion and RKH to create ‘super independent’
10 November 2014
British insurance and reinsurance intermediaries Hyperion Insurance Group and RK Harrison Holdings are engaged in merger talks…
Weak currencies dent Asia-Pacific reinsurance spend
10 November 2014
Reinsurance premium spending in the Asia-Pacific region has fallen sharply, due partly to key currencies dropping against the US dollar, according to Marsh subsidiary Guy Carpenter…
Insurers face large bill following Asia disasters
10 November 2014
A cyclone that struck India last month and a string of other natural disasters across Asia will cost millions in claims, according to Aon Benfield-owned catastrophe modeller Impact Forecasting…
Hannover Re lifts Q3 profit by 21%
10 November 2014
German reinsurer Hannover Re says third-quarter net profit grew 21% to €251 million ($363 million)…
Beazley holds steady as rates dip
10 November 2014
Dublin-based Beazley says it has maintained gross written premium for the first nine months of this year, despite rate pressure…
Slowdown continues on US commercial rates
10 November 2014
US commercial insurance prices grew 1% last month, with industry barometer MarketScout forecasting rate rises will continue to slow…
Aon expects strong finish to year
03 November 2014
Aon has reported a net profit of $US309 million for the three months to September 30, up from $US256 million in the corresponding period last year…
Regional gains lift Marsh Q3 earnings
03 November 2014
Marsh & McLennan says third-quarter earnings increased 17% to $US297 million after revenues gained across all insurance regions…
UK central bank challenges insurers on climate change
03 November 2014
The Bank of England has written to about 30 insurers requesting assessments of how climate change may affect their business models…
US industry records ‘great result’ as rates increase
03 November 2014
Rate rises gave US property and casualty insurers a collective 4.4% increase in gross written premium last year, according to a new report from reinsurance broker Guy Carpenter…
Ace chief slams ‘shameful’ TRIA delay by lawmakers
03 November 2014
Ace Group CEO Evan Greenberg has labelled the US Congress “shameful” for not renewing the Terrorism Risk Insurance Act, which is due to expire on December 31…