P&C arm lifts Allianz
11 August 2014
Allianz says second-quarter net profit grew 10.5% to €1.76 billion ($2.54 billion), as the impact from natural catastrophes eased and life earnings increased…
International
Zurich welcomes ‘clear progress’ in first half
11 August 2014
Zurich Insurance Group has posted a net profit of $US2.11 billion ($2.27 billion) for the first half, up 14% on the corresponding period last year…
Catlin hits first-half profit record
11 August 2014
Bermuda-based insurer and reinsurer Catlin has reported record first-half profits…
Cat losses hit Liberty Mutual income
11 August 2014
Liberty Mutual has reported net income of $US393 million ($423 million) for the second quarter, down 12.3% as catastrophe losses increased 4.5% to $US676 million ($729.22 million)…
Tokio Marine sees economic green shoots in Q2
11 August 2014
Gradual recovery in the Japanese and US economies helped Tokio Marine Holdings increase profit by 37% to ¥116.18 billion ($1.23 billion) for the second quarter…
US commercial rates continue to slow
11 August 2014
Growth in US commercial rates eased to 1.5% last month from 2% in June, as a slowdown on large accounts helped curb overall gains, according to analyst MarketScout…
Ebix pursues acquisitions as profit falls flat
11 August 2014
Insurance software and e-commerce services supplier Ebix has reported a second-quarter net profit of $US13.6 million ($14.7 million), which is little changed from the…
Risky growth strategies ‘astound’ Munich Re chief
11 August 2014
Munich Re warns the low-rate party will come to an end some time, and insurers may regret some of the risks they have taken on…
Swiss Re hails ‘impressive’ profit
11 August 2014
Swiss Re has reported net income of $US2.03 billion ($2.19 billion) for the first half, down 6.5% on the corresponding period last year…
Results defy soft market, Hannover Re says
11 August 2014
Hannover Re says it is “well on track” to achieve its calendar-year profit target of €850 million ($1.2 billion), despite soft market conditions…
Marsh Asia-Pacific builds revenue
04 August 2014
Marsh & McLennan says second-quarter profit grew 11% to $US431 million ($460.5 million) as revenues increased at its insurance and consulting divisions…
Willis result a ‘good indicator’ of future growth
04 August 2014
Willis Group says second-quarter revenue grew 5.1% to $US935 million ($998.9 million), with commissions and fees up 4.5%…
Acquisitions drive bumper quarter for Gallagher
04 August 2014
Arthur J Gallagher has reported revenue of $US1.18 billion ($1.27 billion) for the second quarter, up from $US779.5 million ($837.4 million) in the corresponding period last year…
Total cost of risk continues to rise
04 August 2014
The total cost of risk – the cost of insurance and financing methods – was up 2% last year compared with 2012, reflecting a hardening market, according to the Risk and Insurance Management Society…
Berkshire sits out soft market
04 August 2014
Berkshire Hathaway Reinsurance has reined in its catastrophe and individual risk business because of the soft market…
Subsidiary sale pushes XL Group into loss
04 August 2014
XL Group has posted a $US279.3 million ($300.24 million) net loss for the second quarter, following a $US621.3 million ($667.87 million) loss on the sale of its life reinsurance unit…
WR Berkley hails Q2 growth
04 August 2014
US-based insurer WR Berkley has posted second-quarter net income of $US180 million ($193 million), up 55% on the corresponding period last year…
Underwriting gains lift Arch profit
04 August 2014
Arch Capital Group says second-quarter profit grew 18% to $US202.5 million ($217.3 million), driven by lower catastrophes and gains in underwriting income from casualty…
Xchanging posts 15% profit fall
04 August 2014
UK-based insurance outsourcing company Xchanging has reported a 15% fall in adjusted operating profit to £20 million ($36.31 million) for the first half of this year, due to…
Flood Re regulations ‘unworkable’, UK insurers warn
28 July 2014
The Association of British Insurers has criticised the proposed financial management of the Government’s flood insurance pool, as consultation on draft regulations begins…