Asia Pacific hardest hit by rate decreases: Marsh
17 August 2015
The Asia-Pacific region is leading the global market in decreasing premium rates, according to Marsh…
International
Disaster losses fall, but death toll soars
17 August 2015
Global insured losses from natural and man-made disasters totalled $US16.5 billion in the first half, according to Swiss Re’s Sigma study, released last week…
QBE completes costly exit from Argentina
17 August 2015
QBE will book a loss of $US73 million from the sale of its Argentinian workers’ compensation business to the Werthein Group…
US economy helps lift Tokio Marine profit
17 August 2015
Tokio Marine has posted a net profit of ¥125.99 billion for the quarter to June 30, up 8.4% on the corresponding period last year…
Premium up, but Liberty takes hit in tough market
17 August 2015
US-based Liberty Mutual Holding Company has reported net profit of $US530 million for the six months to June 30, down 19.2% on the corresponding period last year…
Talanx ‘holds ground’ in first half
17 August 2015
HDI-Gerling Industrial Insurance’s parent Talanx has reported net profit of €311 million for the first half, down from €381 million in the corresponding period last year…
UK needs cyber reinsurance pool: report
17 August 2015
The UK should set up a public-private cyber-catastrophe reinsurance scheme, a new industry report says…
Exor wins fight for Partner Re deal
10 August 2015
Italian investment company Exor has triumphed in the battle for Partner Re, announcing it will acquire the Bermuda-based reinsurer for $US6.9 billion in cash…
Zurich still keen on RSA acquisition after tough half
10 August 2015
Zurich Insurance Group has reported operating profit of $US2.24 billion and net income of $US2.06 billion for the six months to June 30 – decreases of 15% and 3% respectively…
Australian storms dent Berkshire Hathaway reinsurance
10 August 2015
Berkshire Hathaway’s insurance underwriting business has reported a loss of $US38 million for the second quarter, compared with an operating profit of $US411 million in the corresponding period last year…
Munich Re lifts full-year profit forecast
10 August 2015
Munich Re has raised its full-year profit outlook thanks to below-average losses…
AIG insists today’s profit hit is tomorrow’s gain
10 August 2015
AIG’s second-quarter net profit took a pounding, but an after-tax operating profit that exceeded market expectations appears to have held the global insurer in good stead…
Lower cat claims boost Allianz net profit
10 August 2015
Allianz says second-quarter net profit grew 15% to €2.02 billion due to lower claims from natural catastrophes and the sale of an insurance subsidiary…
XL Catlin profit jumps
10 August 2015
The newly merged XL Catlin group has reported a $US915.04 million profit for the three months to June 30, the first quarter since Catlin was taken over…
Reinsurance, investments drive Hannover Re profit
10 August 2015
Hannover Re’s net profit grew 19.7% to €531.9 million in the first half, driven by better reinsurance and investment results across the group…
AM Best puts Ironshore under review after Fosun deal
10 August 2015
AM Best has placed Ironshore’s ratings under review, with negative implications, following the takeover of the Bermuda-based insurer by Chinese conglomerate Fosun…
Ebix reports rising Q2 profit
10 August 2015
Global insurance industry software provider Ebix has reported second-quarter net income of $US19 million, up 40% on the corresponding period last year…
US storms to cost insurers $440 million
10 August 2015
Storms that hit the US last month are expected to generate insurance losses of more than $US325 million, according to Impact Forecasting…
US rates moving up
10 August 2015
After four months of stagnation, US commercial rates increased 1% last month, while a composite index of personal lines rates gained 2%, according to analyst MarketScout…
Fair weather batters Crawford & Co
10 August 2015
Low claims volumes and corporate costs cut Crawford & Company’s net profit by more than half in the June quarter, down to $US4.05 million from $US10.46 million in the corresponding period last year…