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  • The share price of expansive Australian insurer QBE rose by A$6.36 to close at A$22.60 on 20 August as it released robust results for the first half of the year, including a record H1 profit after tax of A$1.018bn ($832mn).
  • Bermudian reinsurer Everest Re has warned that its fourth quarter earnings will be hit by 2004’s catastrophe losses.
  • Lloyd's insurer Omega Insurance Holdings Ltd announced last week that it had terminated talks with potential suitors interested in acquiring the company.
  • Warren Buffett is backing a newly created company Capital Insurance Holdings to become a dominant force in the quoted Lloyd's sector... The Lloyd's insurance sector faces an unprecedented bout of consolidation fever, if Berkshire Hathaway's strategy to
  • Australian property and casualty insurer QBE posted a solid 2008 performance, with after-tax profits of A$1.86bn, as investment losses were offset by foreign exchange gains.
  • Much has happened to the (re)insurance industry in the aftermath of this year’s record-breaking hurricane season. One area where Katrina and her stormy siblings have made an impact is in the CAT bond market, with the launch of two new bonds and...
  • Analysts have reacted positively to last week's news that German insurance giant Allianz Group is to cut 7,500 jobs as part of what the company termed a "restructuring and modernising" of its business processes.
  • Guy Hengesbaugh, the former chief operating officer of the defunct catastrophe reinsurer PXRE, is to head up Towers Perrin’s Bermudian reinsurance broker.
  • David Schiff looks at financial strength... Insurance stocks are not as richly priced as they were in 1998, when investors and insurance-company CEOs alike seemed to believe that an insurance-company charter guaranteed a fifteen-percent return on equit
  • With reinsurers attention increasingly focussed on protecting precious capital on balance sheets, buyers of retro look like facing some of the tightest market conditions of recent years.