August 2009/1
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Recovering stock markets through the second quarter helped ease the woes of troubled US insurance giant the Hartford Financial Group, as it posted an operating profit that sent its share price up.
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American International Group (AIG) has turned to another former head of a US insurance giant to chart the troubled waters after last September's government bailout, with the appointment of Robert Benmosche as its new CEO.
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The big three global brokers saw their stocks trade up last week after the Illinois authorities decided to allow AJ Gallagher to again negotiate contingent commissions with insurers.
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French reinsurer Scor's net income for the first six months of the year dropped by 24 percent from H1 2008 to EUR184mn, as investment income more than halved...
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Jardine Lloyd Thompson (JLT) impressed analysts with strong half-year figures, posting a 16 percent increase in turnover to £309.7mn.
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The twin pressures of a lingering soft market and recession have pinned back organic growth at global broking giants Aon and Willis.
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Improved conditions in the financial markets during Q2 helped Validus Holdings regain lost value in its investment portfolio, as strong unrealised gains helped net income climb 81.2 percent...
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Lloyd's (re)insurer Advent reported increased pre-tax profits of £5.7mn for the first half of the year, compared to £1.6mn in the same period of 2008.
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As RSA prepares to unveil half-year figures on Thursday (6 August), following strong 2008 results, one analyst has suggested earnings at the UK insurer are set to face "a growing list of headwinds".
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The liability claim from the Tupolev Tu-154 passenger aircraft that crashed in north-western Iran on 15 July, killing all 168 on board, is currently estimated at up to $55mn, The Insurance Insider understands.
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Brit Insurance Holdings said it was enjoying organic growth in its three main trading divisions, while again reassuring investors on the development of its sub-prime/financial liability exposures.
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While WR Berkley CEO Bill Berkley is confident the sluggish US P&C markets are close to turning, similar positive rate change across each of Traveler’s business segments were not enough to fuel Q2 income growth.
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Transatlantic Re crowned its transition into a new era of independence with a 6.9 percent Q2 increase in book value per share to reach a record high of $53.57 at 30 June.
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As commentators digest Q2 figures from the predominantly US and Bermudian (re)insurers reporting last week, attention turns to the Continental European giants, with Swiss Re, Munich Re and Hannover Re preparing to report in the coming days.
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Second quarter results have once again demonstrated that the choice of accounting methodology can have a significant impact on a (re)insurer's bottom line.
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White Mountains Insurance Group is restructuring its reinsurance business by converting its Bermudian reinsurance arm into a branch of White Mountains Re Sirius.
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Fast-expanding insurer Torus Holdings has appointed Naveen Anand - CNA Insurance’s former senior vice president of commercial insurance - as global chief operating officer...
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The House of Lords last week ruled that accountancy firm Moore Stephens is not liable for a failure to unearth an $89mn fraud at a commodity trader that it audited.
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Hannover Re's latest catastrophe bond, Eurus II, closed on the 29 July, providing the reinsurer with EUR150mn of European windstorm cover and taking overall 2009 cat bond issuance to $1.8bn.
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Expansive Bermudian insurer Ironshore has grown its global property division by establishing a dedicated global energy property business.
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Shares in Fairfax Financial Holdings traded up 5 percent Friday (31 July) after the Canadian combine unveiled a net profit of $275.4mn for the second quarter.
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Gallagher's Global Energy initiative took another decisive step last week with news that the firm has opened a Calgary office, The Insurance Insider can reveal.
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Shares in Novae Group traded down last week after the Lloyd's insurer posted a £2.1mn loss for the first half, driven by a £26mn hit from aviation reinsurance and credit insurance claims...
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A trio of Bermudian (re)insurers - RenaissanceRe, Montpelier Re and Endurance Specialty Holdings - booked higher Q2 net income, bolstered by reserve releases and improving investment conditions.
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