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Generali mute on restructure as bottom line misses expectations
Generali's nine-month operating profits were up 9.4 percent at EUR3.3bn, although bottom line figures missed the consensus and analysts were concerned over the lack of details on the group's restructuring plans
09 November 2012
Allianz benefits from PIMCO but adds EUR227mn to US reserves
Europe's largest insurer Allianz has reiterated its ambition of earning an operating profit of EUR9bn for 2012 after reporting that operating profit and net income for the third quarter had increased to EUR2.5bn and EUR1.4bn respectively.
09 November 2012
Beazley aims for 90% combined ratio
Lloyd's and international (re)insurer Beazley Group is still expecting to achieve a combined ratio target of 90 percent for the year if 2012 catastrophe losses are within its annual budget
09 November 2012
Asbestos reserve deterioration dampens Markel profits
The spectre of long-tail liability losses reared its head again as Markel Corp booked a deterioration in its combined ratio that included six points of unfavourable prior-year reserve development relating to asbestos and environmental (A&E) exposures.
09 November 2012
Enstar profits quadruple on investment gains and lower expenses
Run-off consolidator Enstar booked third quarter consolidated net profits attributable to shareholders that almost quadrupled from $12.1mn to $47.7mn as it benefited from an increase in net realized and unrealized investment gains.
09 November 2012
Only around one third of Kiwi quake claims paid
More than two years after a trio of earthquakes, New Zealand insurers have paid out only NZ$11bn to policyholders despite legitimate claims running in advance of NZ$30bn
08 November 2012
Sandy to provide some ‘backbone’ to 2013 pricing: Lancashire
Lancashire Holdings says uncertainty over losses from Superstorm Sandy will persist for some time but it is already clear that the disaster will be no more than an earnings event.
08 November 2012
RSA net premiums up 4%
UK insurer RSA grew its net written premium (NWP) by 4 percent during the first nine months of the year, as emerging market growth helped offset stagnant markets at home
08 November 2012
Antares lands aviation duo
Private equity-backed Lloyd's insurer Antares has poached two aviation underwriters from specialist managing agent Lead Aviation, following the recent expansion of its energy team
08 November 2012
Xchanging wins Lloyd’s claims reporting contract
London and international technology and services provider Xchanging has been awarded a contract to build the claims reporting software for the Lloyd's market.
08 November 2012
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