UK brokers issue plea on Brexit terms
08 August 2016
The British Insurance Brokers’ Association has written to senior UK Government figures asking them to consider 11 points affecting the industry during Brexit negotiations…
International
Floods cost underinsured China $43 billion
08 August 2016
China’s worst flood disaster in 18 years led to $US33 billion in economic losses, according to Impact Forecasting’s monthly Global Catastrophe Recap…
AIG Q2 performance exceeds expectation
08 August 2016
AIG has reported a better-than-expected second-quarter result, with net profit up 6% to $US1.9 billion amid lower expenses and strong underwriting results…
Europe floods sink Allianz earnings
08 August 2016
Allianz says weather-related losses, mainly from floods in Europe, are to blame for a 46% drop in second-quarter net profit…
Berkshire’s insurance operations back in black
08 August 2016
Berkshire Hathaway’s insurance underwriting business returned to profitability with a second-quarter net gain of $US337 million, following a $US38 million loss in the corresponding period last year…
Capacity outstrips rising demand for political risk cover
08 August 2016
Prices in the political risk insurance market are weakening despite an unstable global environment that is boosting demand for cover, a Risk and Insurance Management Society report says…
Mutuals maintain post-GFC comeback: Swiss Re
08 August 2016
Mutual insurers may be making a comeback after decades of declining market share, according to a Swiss Re report…
US insurers target loss-leaders for premium rises
08 August 2016
The composite rate for US commercial property and casualty insurance remained weak last month at minus 1%, but insurers are seeking to shore up prices in areas such as transportation, according to analyst MarketScout…
Willis Towers Watson post-merger profit falls
08 August 2016
Mergers between two companies usually carry some additional initial expense, and Willis Towers Watson has reported a decline in second-quarter profit based on comparison figures adjusted for a merger completed in January…
Hannover Re maintains earnings target despite Q2 profit slide
08 August 2016
Hannover Re still expects a full-year net profit of at least €950 million, despite a weak second quarter…
Tech will transform industry: survey
01 August 2016
Technological innovation will have a major impact on the insurance industry over the next five years, leading to increased efficiency, automation and a reduction in claims, according to a new survey…
QBE, Manulife agree Hong Kong distribution deal
01 August 2016
Financial services group Manulife has appointed QBE as its exclusive supplier of general insurance products in Hong Kong…
Ironshore seeks $133 million IPO in US
01 August 2016
Chinese conglomerate Fosun International’s subsidiary Ironshore has applied to list in the US, according to a preliminary prospectus…
Marsh & McLennan books solid growth
01 August 2016
Marsh & McLennan’s second-quarter net income improved 13% to $US472 million, buoyed by solid growth across its core businesses…
Aon hails ‘positive performance’ in Q2
01 August 2016
A “positive second-quarter performance” has resulted in Aon reporting net income for the quarter of $US272 million, compared with $US178 million in the corresponding period last year…
AJG earnings rise in ‘stable’ soft market
01 August 2016
Arthur J Gallagher recorded revenue and profit growth in the second quarter amid a weak price environment in property and casualty…
Chubb’s Q2 profit slides
01 August 2016
Chubb has reported a second-quarter profit of $US726 million, compared with $US942 million in the corresponding period last year…
Swiss Re earnings drop as catastrophes take toll
01 August 2016
Higher-than-expected catastrophe losses hit Swiss Re’s second-quarter profit, which slumped 22% to $US637 million…
Catastrophes hit XL Catlin profit
01 August 2016
XL Catlin has reported second-quarter net income of $US43.78 million, down from $US915.04 million in the corresponding period last year…
Expenses dent WR Berkley Q2 profit
01 August 2016
WR Berkley has reported net income of $US108.97 million for the second quarter to June 30, down from $US123.04 million in the corresponding period last year…