06 August 2012
The resurrection of AIG continues, with the US insurance giant reporting a net profit of $US2.3 billion ($2.2 billion) for the three months to June 30, up 27% from $US1.8 billion ($1.7 billion) for the…
06 August 2012
International broker Willis has reported slightly weaker revenues for the six months to June 30, but a “significant fall” in expenses in the June quarter has resulted in a 279% increase in net income…
06 August 2012
Global broker Arthur J Gallagher has turned in a solid performance for the six months to June 30, posting a 75% increase in net profit…
06 August 2012
The lack of major global catastrophes in the first half of the year has boosted Berkshire Hathaway’s insurance operations, which incurred $US1.2 billion ($1.1 billion) in earthquake and other…
06 August 2012
Higher rates and a relatively benign catastrophe experience have helped French reinsurer Scor Re boost profit to €206 million ($241 million) for the six months to June 30 from…
06 August 2012
Bermuda-based global insurance and reinsurance provider Axis Capital has reported mixed results for the first half, but has turned around some losses from the previous year…
06 August 2012
Brit Insurance’s losses on southern hemisphere natural disasters rose slightly in the six months to June 30 compared to the corresponding period last year…
06 August 2012
The US Treasury will sell nearly 164 million of the AIG shares it acquired following the US Government’s bailout of the insurer in the global financial crisis of 2008…
06 August 2012
US insurers’ commercial premiums increased 4.3% on average in the second quarter, according to the Council of Insurance Agents & Brokers…
06 August 2012
The British Insurance Brokers’ Association saw its operating surplus drop by nearly £100,000 ($148,000) last year…
30 July 2012
Global risk management and brokerage Aon has reported a flat result for the six months to June 30, with total revenue up 2% to $US5.6 billion ($5.3 billion) and net income down 4% to $US484 million ($462 million)…
30 July 2012
International insurance broker JLT has had a strong first half, recording a pre-tax profit up 11% to £85.1 million ($127.9 million) in the six months to June 30…
30 July 2012
Demand continues to grow for insurance-linked securities as investors are attracted by the returns and make capital available…
30 July 2012
Ace Insurance has posted a slight increase in gross written premium and a decline in net income in the second quarter…
30 July 2012
Liberty Mutual’s net income for the first six months of 2012 more than doubled, despite more catastrophe losses…
30 July 2012
Chubb has reported a modest drop in net income despite lower catastrophe losses in the second quarter…
30 July 2012
WR Berkley’s revenue, profit and gross written premium all increased in the second quarter, in results Chairman and CEO William R Berkley describes as “satisfactory”…
30 July 2012
US insurers, unlike the banks, “operated normally” throughout the global financial crisis and continue to bolster the US economy, says Insurance Information Institute President Robert Hartwig…
30 July 2012
UK brokers have reacted angrily to new proposals by the Financial Services Authority to change the funding of the Financial Services Compensation Scheme, which pays customers for losses…
30 July 2012
Aviation premiums have fallen 9% for the year to date, according to a market update by Aon Risk Solutions…