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QBE stock rises on encouraging interims
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).
24 August 2009
Everest Re ups cat loss estimates
Bermudian reinsurer Everest Re has warned that its fourth quarter earnings will be hit by 2004’s catastrophe losses.
17 January 2005
Omega breaks off sale talks
Lloyd's insurer Omega Insurance Holdings Ltd announced last week that it had terminated talks with potential suitors interested in acquiring the company.
21 April 2008
Berkshire Hathaway to drive Lloyd's consolidation
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
01 July 2004
QBE profits strong on currency gains
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.
02 March 2009
Marketplace increases for catastrophe bonds
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...
08 December 2005
Allianz cuts 7,500 jobs
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.
26 June 2006
Ex-PXRE exec to head Bermudian reinsurance broker
Guy Hengesbaugh, the former chief operating officer of the defunct catastrophe reinsurer PXRE, is to head up Towers Perrin’s Bermudian reinsurance broker.
29 January 2008
'Unsurpassed' Ratings and 'Junk Insurance'
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
01 November 2004
Retro crunch as rates leap on capacity shortage
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.
09 December 2008
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