Travel leads to more global risks, says Levene
08 November 2010
With the ease of global travel, insurers are asking how can they price the risk of a pandemic, according to Lloyd’s Chairman Lord Levene…
International
UK regulator has second thoughts on review
08 November 2010
The UK Financial Services Authority has put its plan to overhaul the Financial Services Compensation Scheme on hold…
AIG records an optimistic loss
08 November 2010
AIG has reported a third-quarter $US2.4 billion ($2.3 billion) net loss compared to net income of $US455 million ($448 million) in the third quarter last year…
Zurich third-quarter profit drops 18%
08 November 2010
Zurich Financial Services has reported a third-quarter operating profit of $US1.2 billion ($1.18 billion) and net income of $US751 million ($740 million)…
Swiss Re improves in Q3
08 November 2010
Swiss Re has reported a rise in net income for the third quarter, while also repaying a loan to Berkshire Hathaway early…
Axis regains profitability
08 November 2010
Bermuda-based insurer Axis Capital Holdings has recorded a third-quarter profit of $US238.8 million ($235 million), compared with a net loss of $75.3 million ($74 million)…
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…
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…