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Montpelier Re top line up on property cat expansion
Montpelier Re booked net profits for the second quarter that almost trebled from $21.2mn to $62.1mn as it benefited from the benign cat environment and investment gains.
27 July 2012
Validus books record Q2 operating profits of $171mn
Validus Holdings has unveiled record second quarter operating profits of $171.2mn, or $1.65 a share, up from $81.8mn, or $0.78 a share in the prior-year period.
27 July 2012
Chubb sees sustained US commercial and specialty rate rises
The Chubb Corporation said it continued to see strong rate increases in its US commercial and specialty insurance divisions as it unveiled second quarter net profits of $404mn that were marginally down on the $419mn booked in the prior-year period.
27 July 2012
AM Best affirms Lloyd’s A rating
Despite recording a pre-tax loss of £516mn last year, Lloyd's has had its A financial strength rating affirmed by rating agency AM Best with a stable outlook.
26 July 2012
Mapfre profits dip as ECB pledges Euro support
Mapfre announced a 20 percent drop-off in first-half profits as European financial stocks rebounded from a week of falls after encouraging comments from the president of the European Central Bank (ECB).
26 July 2012
Ince & Co continues Asian growth with Beijing office
London-based law firm Ince & Co has continued its global expansion by launching a new office in Beijing - its third in China after Hong Kong and Shanghai
26 July 2012
Aspen net profits surge to $85mn
Aspen Insurance Holdings reported net profits of $84.6mn for the second quarter compared to just $9.1mn in the prior-year period.
26 July 2012
Universal QS non-renewal contributes to $200mn swing in GWP at Everest
Everest Re has revealed the initial impact of the giant Universal Property & Casualty Insurance Company (UPCIC) quota share account moving from the reinsurer to its rival Odyssey Re.
26 July 2012
Arch moves Lyons to CFO post and looks to build out platform
Arch Capital Group has reshuffled its senior management by bringing in its current insurance chief Mark Lyons as CFO to take over from John Hele, who is leaving the Bermudian (re)insurer to fill the same position at MetLife.
26 July 2012
Q2 profits back at Liberty Mutual but cats remain high
Liberty Mutual booked second quarter net profits of $139mn as lower catastrophe losses helped it reverse the $179mn deficit booked in the prior-year period.
25 July 2012
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