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International

Generali quarterly profits fall 89%

18 May 2009

Italy’s largest insurer Generali has reported its first-quarter profits sank 89% to €103.8 million ($187 million) compared with €910.3 million ($1.64 billion) in the corresponding period last year...

Swiss Re makes a quarterly profit

11 May 2009

Global reinsurer Swiss Re is working its way out of the red, posting a first-quarter profit on the back of its shocking $1 billion loss last year...

Zurich profit slides 75%

11 May 2009

Zurich Financial Services has reported a 75% slump in first-quarter profit of $US362 million ($480 million), driven largely by a $US1 billion ($1.3 billion) writedown in group investments...

Tough quarter for Berkshire Hathaway

11 May 2009

Insurance was a comparatively bright spot for Berkshire Hathaway in the first quarter this year, even though Victoria’s bushfires took their toll on reinsurance at General Re...

MMC returns to profitability

11 May 2009

Marsh & McLennan has reported a $US176 million ($234 million) first-quarter profit as operating income from its risk and insurance division climbed 27%...

…and Gallagher quarterly earnings turn to profit

11 May 2009

Global brokerage Arthur J Gallagher has reported impressive first-quarter results of a $US26.4 million ($34.3 million) profit up from its net loss of $US6 million ($7.8 million) for the...

Crawford profit down 66%

11 May 2009

International loss adjuster Crawford & Company has posted a first-quarter net income down 66% from last year – from $US9.1 million ($12.07 million) to just $US3.1 million ($4.1 million)...

Catastrophes natural and financial hurt Liberty

11 May 2009

Investment writedowns and catastrophe losses caught up with US insurer Liberty Mutual in the first quarter, driving net profit down 92.2% compared with the corresponding period last year...

AIG’s insurance unit gets set for a name change

04 May 2009

The choice of a new name for AIG’s global general insurance company has come down to a shortlist of two or three, with senior officers now confirming the spin-off won’t be using the existing name...

Dodgy US claims go through the roof

04 May 2009

Tough economic conditions in the US are driving some dramatic rises in insurance fraud this year, according to the National Insurance Crime Bureau...

Aviva revenue climbs 5%

04 May 2009

International insurance giant Aviva – which is embroiled in speculation about a possible withdrawal from the Australian market – has recorded a 5% increase in first-quarter sales, driven in part...

Brokers post impressive first-quarter earnings

04 May 2009

While the insurers continue to take a financial belting, things are looking good for the brokers, with three of the top global companies posting increased first-quarter results...

Climate change threatens business: Lloyd’s

04 May 2009

Water will be scarce and food production, energy supply and migration patterns will change as the climate changes, in turn threatening businesses, according to Lloyd’s...