Severe losses hit AIG result
06 August 2018
AIG’s general insurance business suffered a 46% drop in second-quarter adjusted pre-tax net income to $US568 million, due to losses and lower investment income…
International
Swiss Re P&C improves in ‘recovering market’
06 August 2018
Swiss Re’s first-half performance benefitted from an improved property and casualty result, while accounting rule changes affected overall earnings…
Allianz profit takes hit from Taiwan sale
06 August 2018
Allianz recorded €30.9 billion in revenue for the second quarter, up 2.9% on the corresponding period last year…
Berkshire’s insurance arm returns to profit
06 August 2018
Berkshire Hathaway’s insurance business turned around in the second quarter, recording a net underwriting profit of $US943 million after a $US22 million loss in the corresponding period last year…
Lower cat losses, rate gains lift XL
06 August 2018
XL Group has posted a 5.8% rise in second-quarter net income to $US319 million, after lower natural catastrophe losses and a hardening market lifted earnings…
Axa records first-half income dip
06 August 2018
French insurance giant Axa has posted first-half net consolidated income of €3 billion, compared with €3.44 billion in the corresponding period last year…
WTW doubles Q2 income
06 August 2018
Willis Towers Watson more than doubled its second-quarter net income to $US82 million, as revenue from its four core segments grew 4% to nearly $US2 billion…
Fairfax profit drops on investment losses
06 August 2018
Canadian insurer Fairfax, the owner of a variety of global insurance investments including Allied World, has reported a slide in second-quarter earnings as investment losses driven by share price fluctuations offset stronger operating income…
Hiscox confident as rate rises slow
06 August 2018
Hiscox says premium gains that helped drive strong first-half earnings are starting to slow, but the group is in good shape and “opportunities are legion”…
Insurance back in black for Arch
06 August 2018
Arch Capital Group recorded a 34.2% increase in net income to $US233.24 million in the second quarter, driven by gains in its insurance and reinsurance businesses…
Aspen reports Q2 loss
06 August 2018
Aspen Insurance Holdings has reported a net loss of $US14.7 million for the second quarter, compared with a profit of $US75.8 million in the corresponding period last year…
First-half cat losses fall below average
30 July 2018
Insured losses from natural catastrophes fell 28% to $US21 billion in the first six months of the year, Aon Benfield-owned Impact Forecasting says…
UK car insurers share terror risk
30 July 2018
British motor insurers have voted to mutualise risks associated with terrorism claims…
Ex-Lloyd’s boss demands new Brexit poll
30 July 2018
John Nelson, who stepped down as Lloyd’s chairman last year, has called for a second Brexit referendum following a “complete failure” of leadership from the political establishment…
More cat clusters may strain reinsurers: S&P
30 July 2018
Reinsurers face a rough ride if natural catastrophe losses match or surpass last year’s total, S&P Global Ratings says…
Lloyd’s weighs risks around synthetic biology
30 July 2018
Insurers should consider their exposure to unknown and possibly systemic risks in the developing field of biotechnology, Lloyd's warns…
Chubb upbeat despite profit dip
30 July 2018
Chubb is “running on all cylinders” despite a 0.8% decline in net income to $US1.29 billion in the second quarter…
Aon revenue rises on global broking gains
30 July 2018
Aon’s second-quarter revenue grew 8% to $US2.6 billion amid gains in international broking, including Australia…
Revamp costs dent JLT profit
30 July 2018
JLT says its core businesses are trading strongly after first-half earnings took a hit from costs associated with a global transformation program announced in February…
Harder market, economy lift WR Berkley
30 July 2018
WR Berkley has attributed improved second-quarter earnings to rate improvements, a strengthening economy and increased market penetration…