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Lloyd’s non-aligned syndicates outperform
Non-aligned Lloyd's syndicates have improved their profit projections for both 2011 and 2012, with a mid-point forecast of 4.79 percent and 6.71 percent of capacity respectively, up from 4.08 percent and 5.84 percent three months ago.
14 August 2013
Towers Watson reports ‘high single-digit’ broking growth
Consultancy firm Towers Watson today (14 August) said its (re)insurance broking arm achieved "high single-digit" revenue growth in the fourth quarter of its financial year, compared with overall sales growth of 7 percent
14 August 2013
Sagicor’s offloaded European arm sinks to H1 loss
Caribbean insurance group Sagicor Financial said the European division it sold to US rival AmTrust last month made a net loss of $41.7mn in the first half of 2013
14 August 2013
Fitch affirms Generali A- rating but outlook remains negative
Ratings agency Fitch has affirmed Generali's A- insurer financial strength rating but has maintained a negative outlook on the firm.
14 August 2013
Talanx profit up on disposal gains, overseas growth
Diversified German insurer Talanx reported a 15 percent increase in its half-year profit, as gains on the sale of investment assets and growth at the firm's international units helped outweigh heavy losses related to flooding in central Europe
14 August 2013
Arch and Chaucer lead $73mn Riviera heist loss
Arch's Lloyd's operation and Chaucer are the leaders of the insurance policy that looks set to be hit by the latest in a series of jewel thefts on the French Riviera, The Insurance Insider can reveal.
13 August 2013
VisionRe increases Lloyd’s fundraising target
Lloyd's members' agent Argenta has raised the fundraising target for its new investment vehicle VisionRe to £50mn as it seeks to capitalise on interest in the world's oldest insurance market, according to an investor memorandum obtained by The Insurance Insider
13 August 2013
TWIA upsizes cat cover by 17% to $1bn
The Texas Windstorm Insurance Association (TWIA) has expanded its cat reinsurance placement for the 2013 hurricane season by 17 percent to $1bn and lowered its retention from $2.3bn to $1.7bn, the residual insurer confirmed.
13 August 2013
India slowly reforming protectionist stance
The Indian regulator has loosened its controls on how many insurers a broker can distribute to, amid signs that the world's largest democracy is beginning to respond to foreign insurance groups' criticism of its highly regulated and protectionist approach
13 August 2013
AIG: serial litigants’ suit ‘devoid of facts’
American International Group (AIG) has asked a California federal court to dismiss a suit concerning the insurer's "fraudulent" US government bailout in 2008, calling it vague and ambiguous
13 August 2013
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