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Scor: financial uncertainty will hold up rates
Scor joined the chorus of global reinsurers at the Baden-Baden conference this week in pointing to the low yield environment and macroeconomic factors as a reason why rates should hold up at the 2013 renewals
24 October 2012
Moody’s: Solvency II delay is credit negative
The delay to the Solvency II go-live date from 1 January 2014 to a probable 2015 or 2016 has negative credit implications, according to ratings agency Moody's
24 October 2012
Argo's Syndicate 1200 adds international casualty for 1.1
Bermudian (re)insurer Argo will expand its offerings in the international casualty marketplace to include treaty reinsurance business written through its main Lloyd's Syndicate 1200
24 October 2012
Willis misses on earnings as growth remains sluggish
Willis Group missed analysts' forecasts on profits as it reported adjusted earnings per share of $0.22 for the third quarter, compared to a Wall Street consensus of $0.30 a share.
24 October 2012
Ace outperforms despite higher-than-expected crop losses
Ace became the latest P&C (re)insurer to beat analysts' expectations and report continued pricing momentum, as it absorbed higher-than-expected crop losses to book strong third quarter profits
24 October 2012
Flagstone sets merger vote for 28 November
The shareholders of Flagstone Re will vote on the firm's proposed takeover by larger rival Validus at an extraordinary general meeting on 28 November.
23 October 2012
Bolt: International casualty key; soft cycle yet to hit bottom
European and international casualty will be one of the main battleground classes for the Lloyd's market at the upcoming 1 January renewals, according to director of performance management Tom Bolt.
23 October 2012
IAG: UK write-off won't impact dividends
Australian insurer IAG will not cut its shareholder dividends despite profits slumping after the write-down of all remaining goodwill in its up-for-sale UK business, which includes troubled Lloyd's motor insurer Equity Red Star
23 October 2012
BP Marsh grows book value by 3.8%
Net asset value (NAV) at UK venture capitalist BP Marsh & Partners climbed 3.8 percent during the six months ending 31 July 2012
23 October 2012
WR Berkley bullish on rates momentum
WR Berkley topped analysts' forecast operating profits for the third quarter as it reported $0.61 a share, compared with Wall Street consensus of $0.55.
23 October 2012
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