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Enstar’s earnings climb
Expansive Bermudian run-off manager Enstar Group saw net earnings for the first six months of the year climb to $28.4mn, compared to $20.3mn in H1 2009.
20 August 2010
Towers Watson posts $58mn quarterly profit
Towers Watson - the new entity from the merger of actuarial and risk consulting and management firms Towers Perrin and Watson Wyatt - has posted a $58mn fourth-quarter profit.
20 August 2010
Tawa moves into credit with $15mn Island Capital deal
Run-off investor and service provider Tawa has bought Island Capital, the Bermudian trade credit and political risk insurer in run-off, for a consideration "unlikely to exceed" $15mn.
20 August 2010
Equity Redstar Lloyd’s losses could hit £330mn
Lloyd's motor underwriter Equity Redstar's losses on the 2008 and 2009 years of account could mount as high as £330mn.
20 August 2010
Aon discloses lending arrangements for Hewitt bid
Global broker Aon has disclosed details of the $2.5bn lending arrangement that will finance the cash portion of its $5bn cash and stock bid for consulting giant Hewitt.
19 August 2010
QBE profits slide by 39%
Australian (re)insurer QBE's net profit fell by 39 percent during the first half of 2010 to $440mn, as the company suffered from difficult conditions in the equity and fixed interest markets.
19 August 2010
CTC shares tank on FY profit warning
Shares in insurance services group Charles Taylor Consulting (CTC) plunged yesterday (18 August) after interim results disappointed investors.
19 August 2010
Alterra plans 60% hike in capacity of Syndicate 2526
Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.
18 August 2010
Fitch passes European insurers in Greek sovereign stress test
Fitch Ratings says that all the European insurers it rates could withstand the shock of Greece defaulting on government debt after it carried out a "stress test" based on this scenario.
18 August 2010
Lloyd’s insurers rein in H1 attritional losses
Four of the Lloyd's insurers that have reported first-half results so far registered significant improvements in attritional loss ratios, according to Oriel Securities' research.
18 August 2010
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