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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
Diversification boosts R&Q profits
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.
18 August 2010
Brit appoints new UK CEO
Brit Insurance Holdings has continued to bolster its senior management while takeover talks progress with US private equity firm Apollo.
18 August 2010
Lewis leaves RenRe after losing Lloyd’s active underwriter role
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.
17 August 2010
Marsh lands aviation insurers with 2.5 percent commission
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.
17 August 2010
London D&O insurers have already paid $15mn ahead of Stanford trial
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.
17 August 2010
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