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Allianz’s P&C top line grows, but profits suffer from nat cats
Allianz reported top line growth in its P&C division for the third quarter, with gross written premiums rising by 2.4 percent to EUR11.52bn ($12.5bn), according to its results released today (6 November).
Charlie Thomas
,
06 November 2015
Navigators profits slip despite top line growth
New York-listed insurer Navigators saw operating income for the third quarter dip to $20.3mn from $26.1mn for the same period last year.
Dan Ascher
,
06 November 2015
Nationwide falls to $36mn P&C loss
US insurance giant Nationwide fell to a $36mn third quarter operating loss in its P&C business, compared to a $190mn profit in the prior-year period.
Dan Ascher
,
06 November 2015
Chaucer hires McDonagh from Zurich
Laura McDonagh, an onshore energy underwriter from Zurich, has resigned to take up the role of deputy class underwriter at Chaucer, The Insurance Insider can reveal
05 November 2015
Investment downturn hits Munich Re Q3 profits
The world's biggest reinsurer Munich Re reported a 36 percent drop in its third quarter operating profit to EUR579mn ($632mn), on the back of lower investment results.
Winifred Okocha
,
05 November 2015
Cost of delivering London policies ‘horrifying’
Hyperion CEO David Howden has said that the insurance market, and London in particular, is "rubbish" at efficiently delivering its product to customers
Adam McNestrie
,
05 November 2015
London must change to survive: Khoury-Haq
The London market only has one more chance to reform its operating model before its future as the global centre of the specialty insurance industry is imperilled, according to the executive who is leading the market's ambitious change programme.
Adam McNestrie
,
05 November 2015
Aubert: Cost savings alone will not secure London’s future
The £300mn of cost savings associated with modernising London market business processes will not secure its future as a leading specialty (re)insurance hub, Willis GB CEO Nicolas Aubert has said
Catrin Shi
,
05 November 2015
Generali P&C profits increase
The P&C division of Italian insurance giant Generali achieved an 11 percent increase in its operating profits to EUR501mn in the third quarter, according to its interim management statement today (5 November)
Charlie Thomas
,
05 November 2015
RSA shrugs off Zurich ‘distraction’ as profits rise
RSA CEO Stephen Hester has insisted that the carrier's turnaround operation remains on track despite the "distraction" of a takeover approach from rival Zurich
Charlie Thomas
,
05 November 2015
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