XL makes an excellent recovery
08 November 2010
A better performance from investments has helped Ireland-based XL Group to report a third-quarter net profit of $US77.5 million ($76.3 million), compared to a net loss of $US11.4 million…
International
RBS Insurance marks time in third quarter
08 November 2010
Royal Bank of Scotland’s insurance business continues to struggle with falling income and static claim numbers in its third-quarter results…
Lloyd’s set to move into Russia
08 November 2010
Lloyd’s will open a representative office in Moscow next year…
AIG keeps up repayments
08 November 2010
AIG has raised almost $US37 billion ($36.4 billion) recently in its ongoing program to repay the US Government’s massive bailout loans…
Ratings agencies face tough controls
08 November 2010
The leaders of the world’s 20 most prosperous countries will consider stricter controls on ratings agencies at a meeting in South Korea later this month…
Zurich grows Asian presence
08 November 2010
Zurich Financial Services will continue to hold a 20% stake in New China Life, costing the Swiss insurer up to $US420 million ($417 million)…
Deepwater spill cost $US6 billion
01 November 2010
Insurance losses for the Deepwater Horizon oil rig explosion in the Gulf of Mexico could reach almost $US6 billion ($6.15 billion) according to an industry analyst…
Willis Group defies expectations
01 November 2010
Willis Group’s third-quarter reporting showed a better-than-forecast result of $US64 million ($65 million) earnings, compared with a profit of $US78 million ($80 million) a year ago…
Aon revenue flat over Q3
01 November 2010
Aon’s third-quarter results have failed to improve on last year, with total revenue at $US1.8 billion ($1.82 billion)…
Gallagher boosts quarterly earnings
01 November 2010
Stock in leading US broker Arthur J Gallagher reached a two-year high last week after it announced an 11% improvement in its third-quarter results…
UK brokers upset by regulation proposals
01 November 2010
Moves by the UK Treasury to lump insurance broker regulation under the Consumer Protection and Markets Authority have been slammed by insurance groups…
WR Berkley nets $US94 million
01 November 2010
WR Berkley Insurance has achieved net income for the third quarter of the year of $US94 million ($96 million), compared with $98 million this time last year…
Ace reports strong third-quarter results
01 November 2010
Ace has reported a strong third-quarter net income of $US675 million ($692 million), up 37% on the same quarter last year…
Greenberg loses court bid
01 November 2010
Former AIG CEO Maurice “Hank” Greenberg will now stand trial for damages over an allegedly fake reinsurance transaction after his bid to have it thrown out of court was denied…
AIG chief battles cancer
01 November 2010
AIG CEO Robert Benmosche will remain in the top job at the troubled global insurer, despite battling cancer and undergoing aggressive chemotherapy…
US commercial lines in slump, says Berkley
25 October 2010
US insurance leader Bill Berkley says the country’s economy faces “volatile” and “uncertain times” and commercial lines products are continuing to lose money…
US soft market decline slowing
25 October 2010
US risk management experts say there is no end in sight to the current soft market, but the rate of premium decreases has slowed…
Chubb weathers cat claims in third quarter
25 October 2010
US-based insurer Chubb rode out a rough third quarter and a six-fold increase in natural catastrophe losses to post a small rise in net income for the first nine months of 2010…
Insurance billionaire joins cannabis law fight
25 October 2010
The CEO of major US insurer Progressive has proven his liberal bona fides with a major donation to a campaign to legalise cannabis in California…
UK underwriting agents launch new body
18 October 2010
A specialist trade body representing UK underwriters will launch next month, with up to 200 managing agents approached for inaugural membership…