Fosun reported stronger top and bottom line performance at its budding insurance business during the first half of 2015 as the Chinese conglomerate benefited from its recent acquisition spree
P&C (re)insurance stocks were stung by the events of Black Monday last week, with volatility triggered by China growth fears causing The Insider 30 to tumble by 0.94 percent despite some recovery later in the week.
Profit forecasts for Names-backed Lloyd's syndicates in the 2013 year of account (YoA) improved during the second quarter as the 2014 YoA suffered some deterioration.
The second quarter of this year demonstrated one thing as far as (re)insurers' investment portfolios were concerned: that mark-to-market accounting can hit the bottom line hard if rates move suddenly.
The London specialty carriers that report full results have accelerated top-line growth into a market that is suffering from significant rate softening.
The London specialty insurers shaved 10 basis points off their combined ratios to deliver another strong half-year underwriting performance as they continued to benefit from a benign loss environment.
