Aviation insurance premiums remain flat
18 August 2008
International aviation insurance rates remain “virtually” flat among lead hull and liability premiums according to a report by Aon...
International
UK insurance buyers lobby EU on block exemption
18 August 2008
The Association of Insurance and Risk Managers has lobbied the European Commission in the hope UK insurers will continue to benefit from a block exemption to certain…
RIMS survey: North American premiums continue to fall
11 August 2008
It’s still a buyer’s market for commercial insurance in North America, as average premiums continued to fall among all major lines during the second quarter...
Swiss Re to acquire Barclays Life Assurance
11 August 2008
Swiss Re has agreed to buy the life insurance unit of British banking giant Barclays in a deal worth £735 million ($1.57 billion)...
AIG losses top $US5 billion
11 August 2008
American International Group posted a net loss of $US5.36 billion ($5.87 billion) for the second quarter of 2008, compared to 2007 second-quarter net income of $US4.28 billion…
Reinsurers’ profits wane as financial turmoil bites
11 August 2008
Munich Re has booked a first-half net profit of €1.4 billion ($2.4 billion) blaming “difficult conditions on the capital markets” for a 34% decline against the corresponding period…
Revenue up, profit down at Marsh
11 August 2008
Marsh & McLennan Companies has reported a 63% drop in second-quarter earnings...
Tough market squeezes Allianz profit
11 August 2008
German insurer Allianz has taken a hammering in the second quarter amid difficult market conditions, with net profit declining 28%...
Axis profits and premiums fall
11 August 2008
Bermuda-based global insurance and reinsurance provider Axis Capital Holdings has reported a 2% fall in net profit for the first half of 2008 of $US469 million ($511 million)...
UK inland flood model sharpens details
11 August 2008
The UK continues to lead the way in flood risk mitigation with a new flood model that allows users to zone in on property flood risk by specific street rather than postcode...
Dire prediction for US hurricane season
11 August 2008
Colorado State University researchers have predicted nine hurricanes will form during this year’s Atlantic hurricane season – three above the annual norm...
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...
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...