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...
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...
11 May 2009
Victoria’s Black Saturday bushfires have helped depress the first-quarter results of two major German reinsurers...
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...
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...
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...
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%...
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...
11 May 2009
The European Union has formally approved the Solvency II Framework Directive, clearing the way for consistent insurance regulation across Europe...
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)...
11 May 2009
Lloyd’s CFO Luke Savage has urged governments not to put insurance in the same category as the banks as they try to fix the financial services sector...
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...
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...
04 May 2009
Global insurer Ace has attributed a 50% jump in first-quarter net profit to hardening insurance premiums...
04 May 2009
XL Capital’s first-quarter net income has taken a nosedive from $US244 million ($336 million) in the same quarter last year to just $US3.1 million ($4.3 million)...
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...
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...
04 May 2009
Preliminary figures released by Allianz Group reveal a 41% decline in first-quarter operating profit of €1.3 billion ($2.4 billion)...
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...
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...
04 May 2009
Former Gen Re executive Robert Graham has been jailed by a US district court for 366 days and fined $US100,000 ($137,000) following his conviction in the AIG/Gen Re reinsurance scandal...