Swiss Re ‘on track’ despite earnings slide
12 May 2014
Swiss Re’s first-quarter earnings slipped 11% as property and casualty income offset a fall in profit from the life and health division…
International
Malaysian airliner is only major loss, Hannover Re says
12 May 2014
German reinsurer Hannover Re has recorded first-quarter net income of €233 million ($347 million), up 0.7% on the corresponding period last year…
Allianz posts Q1 revenue record
12 May 2014
Allianz says net profit fell 4% to €1.64 billion ($2.43 billion) in the first quarter, but revenue set a quarterly record for the company…
Healthy renewals lift Scor Re
12 May 2014
Strong January and April renewals helped Scor Re increase profit by 22% to €135 million ($200.31 million) in the three months to March 31…
Pressure grows on US commercial insurance rates
12 May 2014
US commercial insurance rates grew 2% last month, slowing from a 3% increase in March due to stiff competition, according to analyst MarketScout…
Aon report reveals under-rated risks
05 May 2014
Aon has launched a sequel to last year’s Global Risk Management Survey, to establish which threats are under-rated…
Central US states count cost of tornadoes
05 May 2014
The full impact of deadly tornadoes that hit the south-central US late last month will not be known until damage surveys are completed, according to catastrophe modeller AIR Worldwide…
Marsh makes strong start
05 May 2014
Marsh’s Asia-Pacific operations increased revenue by 3% to $US151 million ($162.74 million) in the first quarter, as parent Marsh & McLennan reported a strong start to the year…
North America, emerging markets lift Willis
05 May 2014
Willis grew profit by 12% to $US246 million ($264.98 million) in the quarter to March 31 on a stronger performance in North America and emerging markets…
JLT ‘on track’ despite price drops
05 May 2014
JLT’s performance this year has met expectations despite declining insurance and reinsurance pricing and the rising value of the UK currency, according to a trading update…
Competition drags on Munich Re profit
05 May 2014
Munich Re has warned of an 8% drop in first-quarter profit due to strong competition in the reinsurance market…
Reinsurance dip cuts Berkshire Q1 profit
05 May 2014
Berkshire Hathaway’s first-quarter profit fell 3.8% to $US4.71 billion ($5.08 billion) as the insurance underwriting result declined…
Ace profit suffers as catastrophe losses rise
05 May 2014
Global insurer Ace has reported a mixed first quarter, with profit down 29.8% to $US734 million ($791.7 million) amid higher catastrophe losses and a capital loss…
Axis first-quarter profits tumble
05 May 2014
Bermuda-based insurer and reinsurer Axis Capital has reported first-quarter net income available to common shareholders of $US137 million ($147.65 million), down 54.79% from…
Liberty profits fall as catastrophe losses soar
05 May 2014
Global insurer Liberty Mutual has recorded net income of $US272 million ($293 million) for the first quarter, down 14.5% on the corresponding period last year…
XL Group ‘well set’ despite profit drop
05 May 2014
Dublin-based XL Group says profit fell 27% to $US255.71 million ($276.05 million) in the quarter to March 31, mainly driven by lower underwriting profit and “a difficult operating environment”…
US commercial rates slow
05 May 2014
Growth in US premiums continued to ease in the first quarter, amid lower catastrophe losses, higher capacity and more competition in the reinsurance market…
Lloyd’s steps up international focus
28 April 2014
Lloyd’s will build a stronger international presence and strengthen its non-reinsurance focus under a three-year plan that updates its Vision 2025 strategy…
Aon says sidecar has aided Lloyd’s
28 April 2014
Aon’s sidecar with Berkshire Hathaway has helped clients and the Lloyd’s market, Aon CEO Greg Case says…
US senators take ‘first step’ towards TRIA renewal
28 April 2014
The Risk and Insurance Management Society has praised a bipartisan group of US senators for introducing a bill to extend the Terrorism Risk Insurance Act…