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Tokio Marine profits up 60% as it looks to expand overseas
Tokio Marine Holdings has booked a 60 percent increase in second quarter profit to Yen56.41bn, as it plans to expand overseas and enjoys signs of recovery in the Japanese economy.
16 August 2010
Hannover Re doubles Deepwater loss estimate
Hannover Re has more than doubled its estimated hit from the Deepwater Horizon oil rig disaster, increasing its loss reserves to EUR89mn in the second quarter from an earlier EUR40mn prediction.
16 August 2010
Omega shares fall to 52-week low on H1 profit warning
Omega Insurance Holdings has issued a profits warning to investors as it anticipates losses of $35mn for the first six months of the year.
16 August 2010
Money to burn
"Transformation is an expensive business" a senior broking executive once explained to The Insurance Insider after we revealed his firm had received a cash injection from its parent after a reorganisation had gone over budget.
16 August 2010
Lloyd’s carriers vary reinsurance dependence
Lloyd's insurers have adopted wildly different strategies in their reliance on reinsurance, with some carriers ceding proportionately more than twice as much as their Lime Street rivals, research by The Insurance Insider reveals.
16 August 2010
RSA’s proposed deal with Aviva looks a long shot
RSA's attempt to swallow up large swathes of Aviva's non-life business in a transformational multi-billion pound deal looks like a long shot, according to analysts.
16 August 2010
Ri3K in £10mn ‘exclusive’ talks
The long-drawn out sale process for Ri3K is close to resolution, with two final bidders valuing the London market electronic trading business at around £10mn.
16 August 2010
Lloyd’s to keep capital requirements for 2011
Lloyd's is likely to keep its capital ratios the same for 2011, despite the enervating effects of this year's cat losses and the prospect of Solvency II.
16 August 2010
RSA: initial Aviva offer is fair value
RSA has stood by its initial £5bn all-cash offer for Aviva's UK, Irish and Canadian general insurance businesses, saying that it represents "fair value".
16 August 2010
Omega shares fall to 52-week low on H1 profit warning
Omega Insurance Holdings has issued a profits warning to investors as it anticipates losses of $35mn for the first six months of the year.
16 August 2010
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