Axis posts mixed results
06 August 2012
Bermuda-based global insurance and reinsurance provider Axis Capital has reported mixed results for the first half, but has turned around some losses from the previous year…
International
Brit hit below the equator
06 August 2012
Brit Insurance’s losses on southern hemisphere natural disasters rose slightly in the six months to June 30 compared to the corresponding period last year…
US Government selling more AIG shares
06 August 2012
The US Treasury will sell nearly 164 million of the AIG shares it acquired following the US Government’s bailout of the insurer in the global financial crisis of 2008…
US rates rise in Q2, CIAB says
06 August 2012
US insurers’ commercial premiums increased 4.3% on average in the second quarter, according to the Council of Insurance Agents & Brokers…
BIBA’s operating surplus drops
06 August 2012
The British Insurance Brokers’ Association saw its operating surplus drop by nearly £100,000 ($148,000) last year…
Aon quarterly results flat
30 July 2012
Global risk management and brokerage Aon has reported a flat result for the six months to June 30, with total revenue up 2% to $US5.6 billion ($5.3 billion) and net income down 4% to $US484 million ($462 million)…
JLT enjoys a strong first half
30 July 2012
International insurance broker JLT has had a strong first half, recording a pre-tax profit up 11% to £85.1 million ($127.9 million) in the six months to June 30…
Market for insurance-linked securities booming
30 July 2012
Demand continues to grow for insurance-linked securities as investors are attracted by the returns and make capital available…
Ace’s Q2 net income declines, but H1 jumps
30 July 2012
Ace Insurance has posted a slight increase in gross written premium and a decline in net income in the second quarter…
Cat losses high, but Liberty doubles earnings
30 July 2012
Liberty Mutual’s net income for the first six months of 2012 more than doubled, despite more catastrophe losses…
Chubb drops income in Q2
30 July 2012
Chubb has reported a modest drop in net income despite lower catastrophe losses in the second quarter…
WR Berkley’s Q2 revenue, profit and GWP rise
30 July 2012
WR Berkley’s revenue, profit and gross written premium all increased in the second quarter, in results Chairman and CEO William R Berkley describes as “satisfactory”…
US insurers worth banking on
30 July 2012
US insurers, unlike the banks, “operated normally” throughout the global financial crisis and continue to bolster the US economy, says Insurance Information Institute President Robert Hartwig…
Brokers resist funding change for compensation
30 July 2012
UK brokers have reacted angrily to new proposals by the Financial Services Authority to change the funding of the Financial Services Compensation Scheme, which pays customers for losses…
Aviation renewals continue to fall
30 July 2012
Aviation premiums have fallen 9% for the year to date, according to a market update by Aon Risk Solutions…
Willis boosts Asia focus
30 July 2012
Willis International is following the shift in economic power towards Asia and the Middle East with the creation of three new regional business units; Australasia, Asia, and the Middle East and Africa…
UK broker cops record fine
30 July 2012
A UK broker has been fined £471,846 ($711,836) and banned from working in the financial services industry…
Catastrophe models expand in Asia
23 July 2012
Weather-related risks in India, China and Japan have been the subject of new risk modelling arrangements made over the past few weeks…
The future is in ‘big data’, says ACORD
23 July 2012
US insurers are spending $US10 billion ($9.62 billion) a year – about 9% of their IT budgets – on data and analytics, according to a research study released by the Association for Co-operative Operations Research…
Delay for Solvency II start date
23 July 2012
The introduction of the Solvency II capital requirements for insurers could be delayed until January 1, 2014…