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Broker H1 earnings: a tale of two worlds
Global broker earnings releases in H1 brought the divide in growth potential between the mature economies and the developing markets into sharp focus.
09 August 2010
QBE gives clue to succession following restructure
Australian (re)insurer QBE has reshuffled its senior management, inviting speculation as to who will emerge as the frontrunner to succeed long-standing CEO Frank Halloran, 63, when he retires.
09 August 2010
Axa H1 profit falls; confirms executive reshuffle
French insurance giant Axa saw net income for the first half of 2010 drop 28 percent to EUR944mn, after sustaining a EUR1.48bn loss related to the sale of part of its UK life operations earlier in the year.
09 August 2010
Allianz improves CR with reserve releases
German insurance leviathan Allianz Group reported a 22.7 percent rise in operating profit to EUR2.2bn for the second quarter.
09 August 2010
First half cats push Swiss Re/Munich Re combined ratios above 100%
The heavy burden of first half catastrophes showed through in the financials of reinsurance giants Swiss Re and Munich Re last week, as claims pushed combined ratios north of 100 percent.
09 August 2010
Lancashire powers into energy; posts CR of 51.5 percent
Lancashire Group delighted analysts with net profit of $93mn and a 77.4 percent combined ratio for the first half of 2010 (51.5 percent for 2Q), which defied the string of losses seen this year.
09 August 2010
Hardy scrapes H1 profit despite cat blows; shares climb
Bermuda-domiciled Hardy Underwriting defied market fears of a loss to eke out a £0.8mn pre-tax profit in H1, despite bruising catastrophe losses in Chile and Australia.
09 August 2010
Novae posts 101% CR
Listed Lloyd's insurer Novae Group continued to rebuild profits in the first half of 2010 after a difficult 2009, despite the high catastrophe toll of the past six months.
09 August 2010
Catlin shares slip on falling profits; upbeat on energy
Catlin Group's first half profits fell by $154mn year-on-year to $86mn after being hit with $180mn in combined estimated losses from the Chilean earthquake and Deepwater Horizon catastrophes.
09 August 2010
RSA reveals £1.2bn gross Chile loss
UK insurer RSA disclosed a £1.2bn gross loss on the Chilean earthquake disaster as part of its first-half results released last week.
09 August 2010
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