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  • 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.
  • Shares in insurance services group Charles Taylor Consulting (CTC) plunged yesterday (18 August) after interim results disappointed investors.
  • Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.
  • 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.
  • 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.
  • Randall and Quilter (R&Q) has booked a first-half gross profit of £5.8mn, up from £1.2mn a year earlier, on good investment returns and diversification into new business lines. 
  • Brit Insurance Holdings has continued to bolster its senior management while takeover talks progress with US private equity firm Apollo.
  • Jamie Lewis has resigned from RenaissanceRe after the Bermudian reinsurer replaced him as active underwriter on its Lloyd's Syndicate 1458, The Insurance Insider can reveal.
  • Marsh has standardised wordings on its London aviation placement slips to include a 2.5 percent commission for market services in the latest move by a global broker to increase revenues from its markets.
  • The London market directors' and officers' (D&O) insurers for fraud-hit Stanford Financial Group (SFG) have so far paid out $15mn in criminal and civil litigation defence costs, court documents reveal.