AIG profit gains in third quarter
04 November 2013
AIG’s third-quarter profit grew 17% to $US2.17 billion ($2.29 billion) as the property and casualty division improved its performance…
International
Willis profit dips on debt refinancing
04 November 2013
Willis Group has reported an increase in revenue, but says profit fell 17% to $US297 million ($313 million) in the nine months to September 30, driven by costs from extinguishing debt…
Acquisitions and higher earnings drive Gallagher profit
04 November 2013
International broker Arthur J Gallagher says profit has risen thanks to acquisitions and higher brokerage and risk management revenues in the third quarter…
ABI merges general insurance with life
04 November 2013
The Association of British Insurers has combined the leadership of its general insurance and life departments and terminated 16 staff, including three high-profile executives…
Hail hits Berkshire Q3 result
04 November 2013
Berkshire Hathaway says insurance underwriting earnings fell in the third quarter, driven by increased property and casualty claims from a hailstorm in Europe…
Axis posts fall in profit
04 November 2013
Bermuda-based Axis Capital Holdings has reported a 39% drop in third-quarter profit…
Liberty profits rise as personal premiums pick up
04 November 2013
Liberty Mutual Holding Co says profit grew 17% to $US1.25 billion ($1.32 billion) in the first nine months of this year…
XL profit defies surge in catastrophe costs
04 November 2013
XL Group says profit grew to $US759.14 million ($800.19 million) in the nine months to September, up 33% despite a higher catastrophe bill…
Arch reinsurance profit jumps
04 November 2013
Arch Capital Group has recorded a substantial increase in reinsurance income for the nine months to September 30…
UK storm damage may reach $846 million
04 November 2013
Windstorm Christian caused up to £500 million ($846 million) of damage in the UK, according to Willis Re…
Risk professionals fear losing US terrorism cover
04 November 2013
Nearly one-quarter of risk professionals believe affordable terrorism coverage will be wiped out in the US after the Terrorism Risk Insurance Act expires next year…
Natural catastrophes hit emerging nations hardest
04 November 2013
Emerging economies often have substantial capital bases but are hit particularly hard by natural disasters because they lack the resources and expertise to protect their assets, according to Munich Re…
Insurer brings call centre jobs back from India
28 October 2013
British insurer RSA will partly reverse its offshoring strategy by closing Indian call centres and moving all 350 customer-facing jobs in claims, sales and servicing back to the UK…
UK brokers welcome action on whiplash fakes
28 October 2013
The British Insurance Brokers’ Association has backed a government plan for independent medical panels to assess whiplash injuries…
Aon increases Q3 profit
28 October 2013
Global broker Aon’s net income grew to $US256 million ($267 million) in the third quarter, up 25% on the corresponding period last year…
Ace reports record quarter as margins improve
28 October 2013
Ace Insurance says margin improvement in North America helped deliver a record third-quarter profit and a combined ratio of 86.5% for the nine months to September 30…
Chubb income rises in Q3
28 October 2013
US insurer Chubb has reported third-quarter net profit of $US541 million ($562 million), up 1.5% on the corresponding period last year…
Premium gains lift WR Berkley profit
28 October 2013
WR Berkley says third-quarter earnings grew 36% to $US136.97 million ($141.81 million) as revenues increased…
Geneva Association warns governments on climate change
28 October 2013
Governments must act fast to improve disaster resilience, the Geneva Association has warned…
Worldwide brokerage industry ‘remains healthy’
28 October 2013
The global broking industry has received a strong report card from Moody’s Investor Services…