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Cat pricing at all-time high, says Stephen Catlin
Rate rises on property catastrophe business slowed at 1 July, but the business has never been better rated, according to Catlin Group's eponymous CEO.
06 August 2012
Catlin reports H1 RONTA of 17.5%
Catlin has extended the string of strong results from London market (re)insurers, with H1 accounts that showed strong profitability following a benign catastrophe environment and an improving rating landscape.
06 August 2012
Berkshire beats on operating profits but derivative losses drag bottom line
Berkshire Hathaway beat Wall Street forecasts as it booked $3.72bn of operating earnings for the second quarter that were up from $2.70bn in the prior-year period.
04 August 2012
AIG to buy back up to another $3bn of stock from US Treasury
American International Group (AIG) is continuing its buyback of US government-owned shares as it said it intends to purchase up to $3bn of the $4.5bn of common stock up for sale in the latest offering by the Department of the Treasury.
04 August 2012
Bermudian students win London internship with inaugural Christian Thunhurst Award
A quartet of Bermudian students spent the last two weeks getting a taste of life in the London insurance market on an internship granted to winners of the first annual Christian Thunhurst Award.
03 August 2012
European insurance stocks leap; Generali closes up 9%
European insurance stocks rallied strongly in trading today (3 August) after slumping yesterday on a negative reaction to an announcement by European Central Bank (ECB) president Mario Draghi
03 August 2012
Summers takes top job at Aon Benfield Fac
Global reinsurance broker Aon Benfield has promoted Paul Summers to global CEO of its facultative reinsurance division, just one year after he took the reins in the international fac division
03 August 2012
Improved P&C performance helps Axa grow bottom line
Underlying earnings in Axa's P&C segment climbed 6 percent to EUR1.04bn in the first half, helping to offset a weaker performance in the group's asset management business
03 August 2012
Direct Line revenues down but underwriting profits up
The Direct Line insurance operations at UK bank RBS reported a 6 percent increase in half-year operating profit to £219mn as the unit prepares for an IPO later this year
03 August 2012
Novae profits up as it reassures on Zurich defections
Lloyd's (re)insurer Novae told shareholders this morning that it is rebuilding its depleted Zurich reinsurance arm, Novae Re, while unveiling a healthy rebound in profits for the first half of 2012
03 August 2012
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