Arch reports strong first quarter
06 May 2013
Arch Capital has reported a $US251 million ($242.79 million) net profit for the first quarter, up from $US157.8 million ($152.64 million) in the corresponding period last year…
International
Ping An profits rise more than 20%
06 May 2013
Chinese insurer Ping An has reported a net profit attributable to shareholders of 7.39 billion yuan ($1.15 billion) in the first quarter, up 21.9% on the corresponding period last year…
Natural disasters a leading threat, Asia-Pacific risk managers say
29 April 2013
Regulatory change, reputational damage and failure to retain talent are among the top 10 threats identified by risk officers in the latest Aon Risk Solutions Global Risk Management Survey…
American P&C profits rise despite Sandy
29 April 2013
US property and casualty insurers’ net income after taxes reached $US33.5 billion ($32.5 billion) last year, up 72% on 2011 despite Superstorm Sandy and smaller investment gains…
Munich Re forecasts $1.2 billion profit for Q1
29 April 2013
Munich Re expects to post a profit of about €3 billion ($3.8 billion) this financial year, according to figures from its annual general meeting last week…
Ace first-quarter income declines, while operating result gains
29 April 2013
Ace has reported a 2% drop in first-quarter net income following lower investment earnings, while premium growth helped improve its operating result…
Chubb’s Q1 profit increases
29 April 2013
US-based global insurer Chubb says its first-quarter net profit grew 30%, driven by increased underwriting income…
Axis doubles Q1 profit
29 April 2013
Axis Capital has more than doubled its first-quarter profit to $US302.82 million ($294.4 million) following strong premium increases in its insurance and reinsurance segments…
Lower investment income hits WR Berkley profit
29 April 2013
WR Berkley says first-quarter net profit dropped 14% as investment income declined
Risk Solutions helps Aon to 10% profit gain
29 April 2013
Aon has posted a 10% rise in first-quarter profit thanks to increased revenues in the Risk Solutions business…
Business disruption a major worry for CEOs
29 April 2013
Business disruption is the main risk facing companies this year, according to senior executives in an annual survey by Marsh and the Risk and Insurance Management Society…
Europe raises questions on disaster insurance
29 April 2013
The European Commission has released a green paper on insurance options for natural and man-made disasters in member states…
Directors lift the lid on their worst fears
29 April 2013
Regulatory investigations and criminal penalties are the main concerns for directors and officers, according to a new survey by Willis Group and law firm Allen & Overy…
Co-operation key to reducing Somali piracy, says Lloyd’s
29 April 2013
Collaboration between the commercial sector, government agencies and the military has been a “significant factor” in reducing pirate attacks off the coast of Somalia, the Lloyd’s Market Association…
QBE to pay $US10 million penalty over US force-placed insurance
22 April 2013
QBE North America will pay a $US10 million ($9.7 million) civil penalty and reimburse homeowners as part of a settlement over force-placed insurance…
Growth in global rates slows in Q1
22 April 2013
Global insurance rates continued to harden in the first quarter of this year, according to Marsh…
Obama move against tax loophole sparks European protest
22 April 2013
A proposal to end a reinsurance tax benefit used by US insurers with foreign affiliates is being opposed by European insurers…
US risks drive insurance-linked securities
22 April 2013
Insurance-linked securities issuance will be strong this year, mainly driven by US risks and underpinned by a solid first half, an Aon Benfield report says…
London stands firm in the face of Sandy
22 April 2013
London market insurers performed well last year despite losses from Superstorm Sandy and a challenging economic environment, according to ratings agency AM Best…
‘Signposting’ improves access for older clients
22 April 2013
Elderly Britons have better access to insurance since the introduction of a “signposting agreement”, according to the British Insurance Brokers’ Association…