November 2007/1

Bermudian (re)insurer RenaissanceRe Holdings reported a third-quarter profit of $144mn, a decrease of 44.6 percent from the prior year period, driven by lower underwriting income, UK flood losses and a $36mn charge on investments hit by the sub-prime...

Low catastrophe losses drove Bermudian (re)insurer Aspen Insurance Holdings Ltd to a record quarter, it reported on 1 November.

Bermudian-headquartered (re)insurer, AXIS Capital Holdings Ltd, reported a 19 percent increase in operating income for the third quarter of 2007, capping eight straight quarters of "record profitability", according to its president and CEO, John Charman.

Swiss Re, which reports its third quarter figures tomorrow (6 November) is expected to generate net attributable earnings of SFr1.01bn and pre-tax profits of SFr1.35bn - down from SFr1.55bn and SFr2.07bn respectively in the prior-year period...

The (re)insurance sector will watch developments in Bermuda with interest over the coming weeks after premier Ewart Brown called a general election for 18 December.

Following a hearing in the UK High Court last week, Marsh Ltd will be forced to defend itself on charges of poaching a senior aviation team and confidential business information from rival firm United Insurance Brokers (UIB) in a trial scheduled to...

Although Berkshire Hathaway reported a 64 percent hike in third-quarter net income late Friday (2 November), underwriting profits from its (re)insurance operation nearly halved, falling from $917mn to $486mn.

Guy Carpenter has appointed Nick Frankland as its new head of Europe following the departure of the long-serving Geoff Bromley earlier this year.

The management of German giant Munich Re is confident that the firm will return record profits for 2007 after posting "excellent results" so far this year.

Goldman Sachs' entry to Lloyd's with a syndicate for the 2008 year – exclusively revealed by The Insurance Insider today (5 November) - occurs against the backdrop of the capital markets' increasing appetite to assume (re)insurance risk.

Shares in US insurance giant, American International Group Inc (AIG), continued its rollercoaster ride on the New York Stock Exchange last week, twice plumbing the depths of new 52-week lows as investor unease mounted over the group's sub-prime...

FTSE 100 companies are reporting risk above and beyond what the UK's regulatory regime requires, according to research undertaken by broking giant Marsh Ltd.