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  • Aviation insurance rates continue to fall, according to the latest quarterly review from broker Aon, which compiles data on renewals.
  • Shareholders funds at Hannover Re have shrunk by more than 20 percent from EUR3.3bn at the start of the year to EUR2.6bn at the end of September as the German reinsurer booked a Q3 net loss of EUR395mn...
  • Global reinsurer Hannover Re reported a EUR52mn profit for the first quarter thanks to a hefty tax refund and reserve releases, as its non-life underwriting dropped to a EUR330.9mn operating loss
  • The active Lloyd's reinsurance-to-close (RITC) market looks set to continue, as a number of quotations to close open year syndicates at 31 December 2009 are currently under consideration.
  • Bermudian-based start-up Quanta Capital Holdings reported its maiden net profit last week (2 August), booking $1.8mn, or $0.03 net income a share for the second quarter of 2004, compared to a $4.5mn net loss in the first quarter of the year. Excluding net
  • Standard & Poor's (S&P) has downgraded French mutual insurer Groupama after it failed to convince the rating agency that it had taken sufficient action to improve its financial profile
  • Bermudian (re)insurer Arch Capital Group saw first quarter profit rise to $210.5mn from $139.9mn in Q1 2009, as its investment performance improved year-on-year.
  • Flagstone Re's US wind and quake cat bond Montana Re has increased in size by $55mn to $175mn during the marketing phase, with high investor demand pushing pricing to the low end of guidance, our sister publication Trading Risk has learned.
  • Chartis returned to an operating profit in the second quarter despite reporting $539mn of catastrophe losses in the period.
  • After an epic dispute that began in early 1999 with the Unicover fall-out, Odyssey Re predecessor Sphere Drake was victorious in the UK High Court earlier this month against the disgraced carve-out brokers SCB. It was one of the most eagerly awaited indus