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International

UK insurers to set up fraud register

08 August 2011

The Association of British Insurers is establishing a national fraud database to counter the rising incidence of insurance fraud…

Hiscox, Catlin results blow out

08 August 2011

Lloyd’s insurers Hiscox and Catlin both recorded combined operating ratios of 117% for the first half of 2011 as catastrophes hit that market hard…

Bermuda results mixed

08 August 2011

Bermudian (re)insurer XL turned in one of the best results of the reporting period, while fellow Bermudian (re)insurer Axis Capital was harder hit by the catastrophes…

Chartis and Allianz post solid results

08 August 2011

The position of Chartis, the former AIG property and casualty business, continues to improve with the company posting an operating profit for the second quarter after a first-quarter loss…

UK brokers breathe again as complaints split

08 August 2011

The UK Financial Ombudsman Service will report complaints relating to payment protection insurance separately to general insurance complaints from September…

Gen Re and AIG executives win new trial

08 August 2011

Four former General Re executives and one former AIG executive have won a new trial over an allegedly fraudulent finite reinsurance deal transacted in 2000…

Global brokers report mixed results

01 August 2011

JLT has reported a strong performance from its Australasian operations in the six months to June 30. It says Australia and New Zealand operations performed well “by increasing its focus on…

Catastrophes hit reinsurers’ earnings

01 August 2011

US tornadoes sent RenaissanceRe into a loss in the second quarter while PartnerRe has warned of extra losses from the Christchurch earthquake…

Scor’s revenue down 75%

01 August 2011

French insurer Scor has reported a net income of €40 million ($52 million) for the six months ending June 30 after being hit with €423 million ($551 million) of claims from natural catastrophes…