Overseas revenues lift Marsh performance
11 November 2013
Marsh & McLennan says nine-month profit gained 15% to $US1.05 billion ($1.2 billion) after offshore insurance revenues grew in the third quarter…
International
JLT reports rate rises in US classes
11 November 2013
The insurance pricing environment is mixed, with continued softening in most international classes but increases in some US lines, JLT Group has told investors…
Allianz hails strong third quarter
11 November 2013
Allianz Group increased profit by 6.3% in the third quarter, raising the company’s expectations for the full year…
‘Difficult’ trading drives down Munich Re profit
11 November 2013
Munich Re’s consolidated profit fell to €2.2 billion ($3.11 billion) in the first nine months of this year, down from €2.7 billion ($3.82 billion) on lower premium and reinsurance income…
Swiss Re earnings drop as catastrophes losses rise
11 November 2013
Swiss Re says third-quarter earnings fell 51% to $US1.07 billion ($1.13 billion) on catastrophe losses and pressures in the Australian life division…
Hannover Re posts Q3 profit dip
11 November 2013
German reinsurer Hannover Re has posted a fall in third-quarter profits, but remains “on track” to hit its full-year target…
Ebix profits fall
11 November 2013
US software provider Ebix has reported a 15% drop in earnings for the nine months to September 30 after making provisions for the settlement of a class action and a possible tax bill…
Crawford & Co’s Asia-Pacific earnings down
11 November 2013
Loss adjuster Crawford & Co has reported a 16% increase in profit to $US40.15 million ($42.19 million) for the nine months to September 30…
European storms may cost billions
11 November 2013
Insured losses from Windstorm Christian in Europe will be between €1.5 billion and €2.3 billion ($2.12 billion-$3.26 billion), according to catastrophe modeller AIR Worldwide…
Commercial rates ‘lose steam’ in US
11 November 2013
US commercial property and casualty premium rates grew more slowly last month, gaining 4%, down from 5% in September…
AIG profit gains in third quarter
04 November 2013
AIG’s third-quarter profit grew 17% to $US2.17 billion ($2.29 billion) as the property and casualty division improved its performance…
Willis profit dips on debt refinancing
04 November 2013
Willis Group has reported an increase in revenue, but says profit fell 17% to $US297 million ($313 million) in the nine months to September 30, driven by costs from extinguishing debt…
Acquisitions and higher earnings drive Gallagher profit
04 November 2013
International broker Arthur J Gallagher says profit has risen thanks to acquisitions and higher brokerage and risk management revenues in the third quarter…
ABI merges general insurance with life
04 November 2013
The Association of British Insurers has combined the leadership of its general insurance and life departments and terminated 16 staff, including three high-profile executives…
Hail hits Berkshire Q3 result
04 November 2013
Berkshire Hathaway says insurance underwriting earnings fell in the third quarter, driven by increased property and casualty claims from a hailstorm in Europe…
Axis posts fall in profit
04 November 2013
Bermuda-based Axis Capital Holdings has reported a 39% drop in third-quarter profit…
Liberty profits rise as personal premiums pick up
04 November 2013
Liberty Mutual Holding Co says profit grew 17% to $US1.25 billion ($1.32 billion) in the first nine months of this year…
XL profit defies surge in catastrophe costs
04 November 2013
XL Group says profit grew to $US759.14 million ($800.19 million) in the nine months to September, up 33% despite a higher catastrophe bill…
Arch reinsurance profit jumps
04 November 2013
Arch Capital Group has recorded a substantial increase in reinsurance income for the nine months to September 30…
UK storm damage may reach $846 million
04 November 2013
Windstorm Christian caused up to £500 million ($846 million) of damage in the UK, according to Willis Re…