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Allied World books solid profit but keeps quiet on Validus attack
Allied World chose not to issue a direct response to the latest assault from Validus in the battle for Transatlantic as it booked solid net profits of $93.8mn for the second quarter that helped keep it in the black for the first half of the year.
04 August 2011
Axis profits halve but top line grows 11 percent
Axis Capital booked profits that halved for the second quarter from $205mn in the prior-year period to $101mn as its bottom line was dented by Q2 catastrophe losses and deterioration on Q1 loss events.
04 August 2011
Hardy follows Amlin into analysts’ firing line
Hardy has become the latest Lloyd's (re)insurer to come under fire from analysts after Numis Securities cut its rating and target price on the firm, citing concerns over its capital adequacy after a recent hike to Q1 cat losses.
03 August 2011
Marsh and Guy Carp power to 5% organic growth
Marsh and Guy Carpenter each posted 5 percent organic growth in the second quarter as the broking operations of Marsh & McLennan (MMC) outperformed rival Aon.
03 August 2011
Analysts queue up to question Amlin’s star status
Amlin's profit warning yesterday (2 August) should mark the end of its reign as the "premium stock in Lloyd's", according to Espirito Santo analyst Joy Ferneyhough
03 August 2011
HCC books solid profit despite cats and adverse development
International specialty insurer HCC Insurance Holdings rode catastrophe losses in the first half of the year to produce solid Q2 and H1 net profits.
03 August 2011
XL shows strong Q2 top and bottom line growth
XL Group bucked the trend as it posted second quarter net profits up 18 percent to $225.7mn compared to Q2 2010, and continued to make significant share buybacks in the period.
03 August 2011
Harbor Point founder Berger leaves Alterra
John Berger is leaving as CEO of Alterra's reinsurance business to pursue a new opportunity, the Bermudian (re)insurer has revealed.
03 August 2011
Lloyd’s exposed to Kings of Leon cancellation
Lloyd's of London faces exposure to losses on a $15mn+ Cathedral-led contingency policy after the Kings of Leon announced that they were cancelling 29 dates of their US tour, The Insurance Insider can reveal.
02 August 2011
Amlin’s share price crashes on shock profit warning
Amlin's share price dived by more 16 percent after it released a profits warning provoked by the increase in Suncorp's New Zealand II claim and the continued underperformance of ACI
02 August 2011
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