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Novae says modest cat losses help Q3
London-listed (re)insurer Novae said it put in a good underwriting performance in the third quarter thanks to modest catastrophe-related losses, but predicted continued competitive pressure on prices next year.
08 November 2013
Allianz profit underpinned by P&C arm
German insurer Allianz on Friday (8 November) reported better-than-expected third quarter profits as a strong performance from its flagship P&C insurance arm largely offset a downturn at its asset management division.
08 November 2013
Enstar's profits down in Q3
Run-off specialist Enstar reported lower earnings in the third quarter in a set of financials that began to reflect its new business profile.
08 November 2013
Navigators beats with ‘record’ quarterly profit
US specialty insurer Navigators Group became the latest carrier to strongly outperform Wall Street expectations as it reported operating profits of $23.1mn, compared to $9.8mn in the prior-year period.
08 November 2013
Spanish surety loss could hit EUR1.5bn: JP Morgan
The Spanish surety claims that have hit HCC and Scor following a decision from the Spanish Supreme Court could cost the insurance industry up to EUR1.5bn ($2.01bn), according to a note from JP Morgan.
08 November 2013
European storm losses up to EUR2.3bn: AIR
Catastrophe modelling firm AIR Worldwide has estimated that insured losses from the European storms last month could range between EUR1.5bn and EUR2.3bn ($2bn-$3bn).
07 November 2013
Lancashire completes £266mn Cathedral deal
London-listed carrier Lancashire has completed its £266mn acquisition of Lloyd's business Cathedral, it said in a stock exchange announcement
07 November 2013
Generali’s P&C arm drives profit boost
A stronger performance from Generali's non-life division helped drive a 6 percent increase in the Italian composite insurer's nine-month profit, it said today (7 November)
07 November 2013
Argo unveils new $150mn buyback programme
Bermuda-headquartered Argo Group has announced a new $150mn buyback programme of common stock
07 November 2013
Aviva puts UK storm loss at £10mn
UK composite insurer Aviva said it expected to take a hit of just £10mn ($16mn) from the St. Jude's Day storm as it reported a stable combined ratio over the first nine months of the year.
07 November 2013
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