Berkshire underwriting earnings rise
12 August 2013
Berkshire Hathaway says underwriting earnings more than doubled in the first half as its reinsurance and vehicle operations offset losses from second-quarter European floods…
International
Interest rates drive down Catlin earnings
12 August 2013
Bermuda-based insurer Catlin has posted a drop in earnings after rising interest rates cut the market value of its fixed-income portfolio…
Liberty Mutual profit rises, catastrophe losses down
12 August 2013
Liberty Mutual Holding Co says profit grew 28% to $US766 million ($853.9 million) in the first half, while catastrophe losses fell sharply…
Crawford Asia-Pacific earnings fall
12 August 2013
Earnings for loss adjuster Crawford & Co grew 62% for the half-year to June 30 following an improved performance from the US, Canada and Latin America, CEO Jeffrey Bowman says…
Month of earthquakes and floods takes toll on China
12 August 2013
China bore the brunt of last month’s natural catastrophes, according to the latest Impact Forecasting Global Catastrophe Recap…
Growth in personal and commercial rates slows
12 August 2013
Rate rises on US personal and commercial lines flattened in an uneventful market last month, insurance exchange MarketScout says…
Oklahoma tornado payouts pass $US1 billion mark
12 August 2013
Insurance payments following the tornado outbreak that swept across central Oklahoma in May have topped $US1 billion ($1.1 billion)…
Broker reports dip in global rates
05 August 2013
Global insurance rates fell in the second quarter, according to Marsh’s latest briefing…
Catastrophe bond issuance hits six-year high
05 August 2013
Insurance-linked securities issuance reached $US3.97 billion ($4.43 billion) in the first half of this year, its highest level for the period since 2007, according to an Aon Benfield report…
AIG hails strong Q2 performance
05 August 2013
AIG has reported net income of $US2.7 billion ($3.03 billion) for the second quarter, up from $US2.3 billion ($2.58 billion) in the corresponding period last year…
Allianz earnings rise on P&C result
05 August 2013
Allianz says net profit grew 26.8% in the second quarter as property and casualty P&C earnings increased…
JLT profits rise in first half
05 August 2013
JLT Group has reported a net profit of £59.2 million ($99.85 million) for the first half, up 3.5% on the corresponding period last year…
Rising rates lift Arthur J Gallagher
05 August 2013
International broker Arthur J Gallagher says profit grew 34% to $US134 million ($148.62 million) in the six months to June 30…
XL posts strong first half
05 August 2013
XL Group has reported a 57% increase in half-year profit, despite high natural catastrophe losses in the second quarter…
Pension funds sink capital into reinsurance
05 August 2013
US pension funds have become key players in raising global reinsurance capital, as they chase comparatively high returns from catastrophe bonds…
Insurers may be named in phone hacking row
05 August 2013
Pressure is growing on UK investigators to publish a list of companies alleged to have employed private investigators to engage in such activities as “blagging” information and phone-hacking…
Flooding takes heavy toll, but cat losses fall below average
29 July 2013
Floods have been the world’s costliest natural disasters so far this year, according to Impact Forecasting’s first-half catastrophe report…
QBE exposed to Spanish train crash
29 July 2013
QBE may face claims relating to last Wednesday’s fatal train crash in Spain, because it provides third-party liability cover to state-owned rail network Renfe…
Green energy to power premium growth
29 July 2013
Investment in renewable energy could drive a threefold increase in the industry’s energy insurance revenue by 2020, according to new research…
Execs call for help protecting reputations
29 July 2013
Two-thirds of executives believe their companies are underinsured for reputational risks, according to a report by Ace Insurance…