Low interest rates hit Zurich Q1 profit
20 May 2013
Zurich Insurance Group has reported a 7% drop in after-tax profit to $US1.07 billion ($1.09 billion) for the first quarter, after weak investment markets offset a strong underwriting performance…
International
Scor posts solid result
20 May 2013
Scor says net profit grew 7% to €111 million ($145.6 million) in the first quarter – a good result in an uncertain economic environment, according to the reinsurer…
RIMS supports terror legislation extension
20 May 2013
The Risk and Insurance Management Society has backed an attempt to extend the US Terrorism Risk Insurance Act for another 10 years…
UK brokers announce strategic review results
20 May 2013
The British Insurance Brokers’ Association has revealed the first recommendations of a strategic review that aims to make it “a top-tier trade association capable of meeting the challenges of the 21st century”…
Regulator scrutinises UK claims process
20 May 2013
Consumer complaints about UK personal lines claims have prompted a strategic review of the sector by the Financial Conduct Authority…
Allianz on track for steady profit
13 May 2013
Allianz has reported a 24% profit increase to €1.7 billion for the first quarter, and says it is on track for an operating profit of €9.2 billion this year…
Munich Re rides reinsurance highs
13 May 2013
Munich Re has recorded a solid first quarter, with net profit for the three months to March 31 up 25% to €979 million from the corresponding period last year…
Hannover prospers in Q1
13 May 2013
Hannover Re has posted a net profit of €221.4 million for the three months to March 31, with gross written premium up 7% to €3.8 billion…
Catlin reports rate, GWP increases
13 May 2013
Specialty insurer and reinsurer Catlin says gross written premium grew 12% to $US1.84 billion in the first quarter, driven by business growth and rate rises…
Americas result gives Crawford earnings a lift
13 May 2013
Loss adjuster Crawford & Co says first-quarter earnings grew 61% thanks to the performance of its Americas division…
Quakes loom large in April cat picture
13 May 2013
Earthquakes dominated the global natural catastrophe count in April, according to the latest report from Aon Benfield subsidiary Impact Forecasting…
QBE warns EU businesses on overseas expansion
13 May 2013
A third of European businesses plan to expand in emerging markets because they do not envisage near-term economic improvements at home, according to a study by QBE Europe…
American rates maintain ‘slow, steady’ rises
13 May 2013
US property and casualty and professional liability rates increased 5% on average last month, according to insurance exchange MarketScout…
UK general insurance stable, Moody’s says
13 May 2013
General insurance in the UK has a stable outlook, despite tough market conditions, according to Moody’s…
Solvency II hold-ups shocking, UK regulator says
06 May 2013
Europe’s progress on insurance reform is “shocking” and the costs involved “staggering”, according to UK Prudential Regulation Authority CEO Andrew Bailey…
Prepare for catastrophe threat, Willis urges
06 May 2013
The growing threat of natural catastrophes raises serious concerns for the insurance industry and corporate risk managers, according to Willis Research Network Chairman Rowan Douglas…
Swiss Re profit rises 21%
06 May 2013
Swiss Re’s earnings increased 21% in the first quarter, driven by a strong underwriting performance in property and casualty and gains in the commercial insurance arm…
AIG targets costs and efficiencies
06 May 2013
AIG says cost reduction and improved operating efficiencies are priorities this year after it reported a 35% drop in first-quarter profit following the loss of divested operations…
Risk and insurance lift Marsh & McLennan profit
06 May 2013
Marsh & McLennan says net income grew 19% to $US413 million ($402.85 million) in the first quarter, driven by its risk and insurance services business…
Willis profit stays flat despite revenue growth
06 May 2013
Global broker Willis has reported net profit of $US219 million ($214 million) for the quarter to March 31, down slightly on $US225 million ($219 million) in the corresponding period last year…