Berkshire Hathaway second-quarter profit down 7.6%
11 August 2008
Berkshire Hathaway has reported a second-quarter net profit of $US2.88 billion ($3.3 billion), 7.6% down on the corresponding quarter last year...
International
Bank may abandon sale of insurance division
04 August 2008
The Royal Bank of Scotland may be forced to drop plans to offload its £7 billion ($15 billion) UK insurance division...
Canadian insurers record first underwriting loss since 2002
04 August 2008
The Canadian general insurance industry recorded its first underwriting loss in six years during the first quarter, as the combined ratio surged to 104.3%...
Willis half-year result drops 17%
04 August 2008
Global broker Willis has reported a reduced half-year net profit of $US205 million ($219 million), despite pushing total revenue up by 7%...
Gallagher reports slide in first half
04 August 2008
US broker Arthur J Gallagher has recorded a 46% decline in first-half net income to $US34.8 million ($36.86 million) against the comparable period last year...
JLT fees and commission income up 9%
04 August 2008
International brokerage Jardine Lloyd Thompson recorded a 9% increase in fees and commissions in the first half, the company revealed last week...
Sales boost Aon profit
04 August 2008
Aon has booked a second-quarter net profit of $US1.1 billion ($1.2 billion) with the result buoyed by the completed sales of Combined Insurance and Sterling Life Insurance...
Ace books 15% increase in Q2
04 August 2008
Global insurer Ace has booked a 15% increase in second-quarter net profit of $US746 million ($802 million), as the company benefitted from premium growth and a company acquisition...
Prudential boosts operating profit
04 August 2008
Global insurer Prudential has booked a 13% increase in first-half operating profit as the company beat forecast earnings...
Willis opens landmark London headquarters
28 July 2008
Prince Andrew has officially opened the landmark London HQ of the Willis Group at 51 Lime Street, opposite Lloyd’s...
US insurers battered by weather, markets
28 July 2008
American insurers have reported subdued half-year profits as bad weather and volatile financial markets combine to put the squeeze on the bottom line...
Munich Re slashes profit prediction
28 July 2008
Munich Re is blaming “turmoil on capital markets” for a drastic lowering of its second-quarter profit forecast...
Premiums on the up as hurricane buffets the Americas
28 July 2008
US insurers continue to feel the pinch from natural disasters, with Hurricane Dolly striking coastal areas of Texas and Mexico last week...
Willis challenges insurers to dump volume commissions
21 July 2008
Willis North America CEO Don Bailey has called for the abolition of contingent commissions and questioned the integrity of brokers making money from volume business...
Flood: British brokers lean on Government to do better
21 July 2008
The British Insurance Brokers’ Association has given initial approval to a UK Government commitment to flood insurance but says more needs to be done...
UK Parliament hears bid to modernise Lloyd’s
21 July 2008
The UK Parliament has heard a draft legislative reform order aimed at modernising the operation and governance of Lloyd’s of London...
Knight succeeds Aon founder
21 July 2008
Lester Knight has been named the new non-executive Chairman of global broker Aon Corp...
AIG buys out Ascot
21 July 2008
American International Group has bought the Lloyd’s of London agency Ascot Underwriting Holdings outright...
Allianz considers Dresdner sale
21 July 2008
The old saying that insurance and banking don’t mix appears to be holding true at German insurance giant Allianz, which looks set to offload its under-performing Dresdner Bank...
UK insurers seal deal on flood cover
14 July 2008
The Association of British Insurers and the UK Government have reached an agreement that ensures flood insurance will remain widely available...