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Maiden Re reports ‘record’ Q2 operating profits of $28mn

Maiden Re reported what it said were record net operating profits of $28.2mn for the second quarter, up from $20.4mn in the prior-year period.

07 August 2014
Markel profits up despite lower US reserve releases and A&E charge

Markel reported net income of $41.1mn for the second quarter, ahead of the $28.7mn generated in the prior-year period, despite lower profits in its US insurance business and a reserve charge for A&E liabilities in its run-off unit

07 August 2014
Fairfax announces private bond issue

Canadian financial services conglomerate Fairfax has announced that it intends to offer 10-year bonds to the market as part of a refinancing plan

06 August 2014
Former Tysers COO cross-examined over whistleblowing allegations

Quintin Heaney, the former chief operating officer of Tysers, is suing the almost 200-year-old broker for £7mn, alleging he was wrongfully dismissed from the firm for blowing the whistle about its failure to make regulatory disclosures.

06 August 2014
Financial crisis failed to dampen premium growth: Insurance Europe

Premium volumes for the European insurance industry grew throughout the period from 2003 to 2012 in spite of the financial crisis, according to figures released today (6 August)

06 August 2014
Towergate to slash 600 jobs after H1 loss

Towergate is set to reduce its headcount by 600 by the end of the year after the UK broker fell to a loss in the first half of 2014

06 August 2014
Novae plays down redomicile talk

Listed Lloyd's (re)insurer Novae has responded coolly to the suggestion that it will look to move its tax domicile away from the UK when its deferred tax assets are exhausted.

06 August 2014
Hannover share price falls as Costa contributes to miss

Hannover Re's share price has dipped this morning (6 August) as investors responded negatively to a modest earnings miss, fuelled in part by the deteriorating Costa Concordia loss

06 August 2014
Liberty Mutual grows top line as profits fall in Q2

Liberty Mutual posted a 12.3 percent drop in net income to $393mn for the second quarter of 2014, as catastrophes losses and adverse reserve development weighed on the insurer's bottom line

06 August 2014
Swiss Re misses, but points to casualty growth

Reinsurance giant Swiss Re missed consensus on a number of key metrics, including net income, with its second quarter results, leading to a weakening share price this morning (6 August).

06 August 2014

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