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Aviva shares climb as profits beat forecasts
UK composite insurer Aviva reported a better-than-expected 5 percent rise in half-year profit thanks to cost cuts and a strength in life insurance and fund management, sending its shares sharply higher.
08 August 2013
Swiss Re profits despite P&C disappointment
Swiss Re, the world's No. 2 reinsurer, reported sharply higher second quarter profit as a recovery at its Admin Re closed life fund consolidation unit outweighed a catastrophe-induced downturn at its core P&C reinsurance arm.
08 August 2013
Fairfax increases offer for ASI as takeover battle continues
Fairfax Financial Holdings Limited has increased its offer for American Safety Insurance (ASI) to $30.25 per share as it attempts to ward off interest from rival bidder Catalina.
08 August 2013
Maiden book value down 7%; major reinsurance contract cancelled
Maiden Holdings second quarter results revealed a 7 percent hit to book value in 2013 year-to-date, as well as the loss of its second largest cedant.
08 August 2013
Alterra charges drive Markel profits down in Q2
Markel Corp profits dived in the second quarter as the US specialty (re)insurer took significant charges in relation to its Alterra acquisition primarily as a result of severance costs.
08 August 2013
Liberty Mutual profits surge
Liberty Mutual reported solid top-line growth and net profits that were up strongly in the second quarter on the prior-year period.
08 August 2013
Insured losses from Toronto storms <$730mn: Aon Benfield
Insured losses from recent thunderstorms in Toronto could reach C$750mn ($730mn) as economic losses from the event are expected to reach C$1.5bn ($1.45bn), according to Aon Benfield's modelling centre Impact Forecasting.
07 August 2013
Lancashire cashback strategy intact after Cathedral deal
London-listed (re)insurer Lancashire still aims to return capital to shareholders this year despite ploughing over £130mn of its cash reserves into a landmark deal to buy Lloyd's-based specialty (re)insurer Cathedral.
07 August 2013
Guy Carpenter leads organic revenue growth at MMC
Marsh & McLennan Companies (MMC) booked a Q2 earnings beat as its broking operations reported organic growth of 3 percent, including a 5 percent uplift on an underlying basis at reinsurance broker Guy Carpenter
07 August 2013
Lloyd’s insurer Ark in advanced MBO talks
Aquiline Holdings, the majority owner of Ark Syndicate Management, has reached a provisional agreement to sell the Lloyd's managing agency to Ian Beaton and other senior executives, The Insurance Insider can reveal
07 August 2013
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