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Alterra adds $100mn to buyback programme after solid Q2
Bermudian Alterra Capital extended its share repurchase plan by $100mn after an active first half of the year for buybacks and solid second quarter profits.
08 August 2012
XL beats Wall Street with $222mn operating profits
XL Group beat Wall Street forecasts despite second quarter operating profits that fell from $243.1mn in the prior-year period to $221.9mn.
08 August 2012
John Murphy to leave Brit
Brit's lead underwriter for specialist liability John Murphy is leaving the Lloyd's (re)insurer to join managing general agent Dual along with his underwriting team, The Insurance Insider can reveal.
07 August 2012
MMC posts best in class results
The (re)insurance broking arm of Marsh and McLennan Companies (MMC) continued to outpace its peers in the second quarter as it powered to organic growth of 6 percent
07 August 2012
Flagstone runs 94% combined ratio in Q2
Bermudian cat specialist Flagstone Re ran up a combined ratio of 94 percent in the second quarter of the year despite the absence of significant cat events and has remained silent on the M&A process that was run earlier this year.
07 August 2012
Treasury adds $750mn to latest AIG sale proceeds
The US Treasury department expects to receive another $750mn from the latest sale of its holding in American International Group (AIG) stock, taking its total proceeds from the current sell-down to $5.75bn
07 August 2012
Argo expansion continues in Q2 but commercial specialty drags
Expansive international specialty (re)insurer Argo Group returned to a modest profit in Q2 as three out of four of its business units achieved combined ratios below 100 percent, but its commercial specialty division continued to drag on results.
07 August 2012
Munich Re makes big 1 July push as profits recover
Munich Re elected to write 18.5 percent more P&C business at 1 July after profitability recovered strongly during the first half of 2012 from the cat-hit beginning of last year
07 August 2012
Transatlantic drives Alleghany top and bottom line
Alleghany Corporation attributed a solid second quarter to the creation of a "more diversified risk portfolio" following its merger with reinsurer Transatlantic, which closed earlier this year.
07 August 2012
US P&C price rise momentum stable: MarketScout
US commercial P&C insurance rate rises appeared to continue to plateau in the aggregate in July with prices on average up 4 percent, according to the latest data from MarketScout.
06 August 2012
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