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There are 68,930 results that match your search.68,930 results
  • Downbeat Greenlight takes loss despite cutting quake claims
    Hedge fund-backed reinsurer Greenlight Re reported a $16mn loss in the second quarter as investment losses offset cuts to the forecast pay-out on the New Zealand and Japan earthquakes in Q1.
    15 August 2011
  • Earnings up 46% at Markel on non-insurance contributions
    Underwriting losses at specialty insurer Markel Corp were more than offset by increased earnings from its non-insurance businesses and a reduced tax bill, allowing it to increase Q2 net income by 46 percent to $30.3mn.
    15 August 2011
  • Jubilee Syndicate 779 business plan unchanged despite Ryan takeover
    Recent Lloyd's acquisition Jubilee Managing Agency Limited (JMAL) has revealed it has no plans to make material changes to its 2012 business plan for group life Syndicate 779.
    15 August 2011
  • Zurich profits almost double in Q2 on investment uptick
    Net income at Zurich Financial Services strengthened by 86 percent to $1.35bn in the second quarter, as its results benefited from a positive $4.5bn year-on-year swing on unit-linked investments.
    15 August 2011
  • MAP lifts 2010 forecasts
    Lloyd's underwriter Managing Agency Partners (MAP) has lifted profit forecasts for the business from its 2010 year of account and held its 2009 results stable.
    15 August 2011
  • Kiln projects major 2010 losses
    Two of RJ Kiln's syndicates have posted a worsening result for the 2010 year of account, providing further losses for Names already hit by colossal losses on motor syndicates.
    15 August 2011
  • UK riot costs fall back to public purse
    Ratings agency Fitch says insurers will be able to absorb UK riot losses into their earnings and that the events will not lead to major price changes as the costs are set to fall back on the public purse.
    15 August 2011
  • HCC upgraded by AM Best
    Ratings agency AM Best upgraded the issuer credit rating for international specialty insurer HCC to "aa" from "aa-" and affirmed its A+ financial strength rating after the firm posted solid profits despite the high catastrophe loss toll.
    15 August 2011
  • Berkshire sanguine on sovereign downgrade
    Warren Buffett's Berkshire Hathaway was one of 10 US-based insurance companies to have its credit rating reviewed negatively by Standard & Poor's (S&P) last week in line with the agency's recent controversial downgrade of the US sovereign credit rating.
    15 August 2011
  • Shorts disconnected for European insurers
    European regulators introduced a two-week ban on short-selling on a range of financial stocks last week, including insurers Scor, Axa, Mapfre and Generali, as well as key banks.
    15 August 2011
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