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  • Strong underwriting performance boosted overall profits at Australian insurer QBE Insurance Group during the first half of 2008.
  • Troubled Australian insurer Insurance Australia Group Ltd (IAG) has slumped to a A$261mn loss after taking a A$350mn charge in relation to the impairment of its UK assets.
  • US property and casualty giant St Paul Travelers reported net income for the last quarter of $162mn compared to net income of $340mn in the same period last year. Catastrophe losses related to Hurricanes Katrina and Rita in the current quarter were...
  • The US Securities and Exchange Commission (SEC) is to begin distributing over $800mn to American International Group (AIG) shareholders as part of the giant's settlement with regulators.
  • Lloyd's (re)insurer Amlin plc has reported a drop of over £40mn in its post-tax profits for the first six months of the year after reporting a slump in investment income.
  • ACE sees slight deterioration on higher revenues; Partner Re struck by Q1 losses; IPC Re profits down on Q1 cats; XL shows strength despite wind loss; Fixed income losses hit Montpelier profits; Max Re life change continues; AXIS continues on growth path;
  • With the recent news that the Lloyd's Franchise Board is considering cutting Qualifying Quota Share (QQS) allowances to 10 percent of stamp, managing agents are being forced to reconsider their business plans and capacity requirements. Currently, 2003
  • Lloyd's is "better positioned" to weather the current insurance cycle thanks to recent initiatives to shore up capital and limit pressure on the central fund, according to rating agency Moody's.
  • Ahead of tomorrow’s US presidential elections frontrunner Democratic candidate Senator Barack Obama appears to be making inroads among professionals in the traditionally Republican-dominated insurance industry, according to a poll conducted by AM Best’s B
  • The investment vehicle of former American International Group Inc (AIG) CEO and chairman Maurice "Hank" Greenberg will continue with its planned purchase of a stake in Lehman Bros despite expected senior management changes and the posting of...