March 2005/4

World number two reinsurer Swiss Re announced profits up from SFr1.7bn to SFr2.5bn last Thursday (17 March), as it committed to earnings growth through the insurance cycle, targeting 10 percent a year increases in earnings per share.

Specialist Lloyd’s insurer Chaucer has announced record pre-tax profits of £38.2mn, a 6.7 percent increase on 2003’s £35.8mn figure.

Lloyd’s listed insurer Beazley spoke of market conditions that remain “pretty good” as it announced 2004 profits that almost doubled from £17.1mn to £33.4mn, and earnings per share up from 5.0p to 9.3p year-on-year – despite its managed syndicates being h

In a move set to add to an already mixed picture of new broker models, Heath Lambert has today published its own system of payment for work carried out on behalf of insurance companies. Using what it describes as its Broker Insurer Services Commission (BI