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Goodwill charge drags AIG to $2.7bn Q2 loss
American International Group (AIG)'s general P&C business, Chartis, reported a healthy $955mn in operating income for the second quarter and a combined ratio that fell from 102 percent to 98.2 percent.
06 August 2010
Validus regains ground despite Q2 cats
Bermudian (re)insurer Validus regained traction in the second quarter, returning a positive result after taking a heavy $306mn hit in the first three months on the Chilean earthquake and other cat losses.
06 August 2010
H1 profits slip at Catlin; grows energy book
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.
06 August 2010
Broking executive jailed for bonus fraud
Ex-Besso broker Timothy Barker has been jailed for three-and-a-half years for inflating performance figures to boost his bonuses.
05 August 2010
RSA reveals mammoth £1.2bn Chile losses
UK insurer RSA has disclosed a £1.2bn gross loss on the Chilean earthquake disaster as part of its first-half results released today (5 August).
05 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.
05 August 2010
Reinsurance entry boosts Novae growth
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.
05 August 2010
Allstate operating profits up
Allstate bucked the general P&C earnings trend with a 48.5 percent uptick in Q2 operating earnings to $441mn, although net profits fell on realised capital losses.
05 August 2010
PartnerRe profits down despite rise in investment income
PartnerRe came in below analysts' consensus estimates as it booked operating profits of $151.5mn for the second quarter, down from $179.3mn in the prior-year period.
05 August 2010
Underlying profits down at The Stag on cats and asbestos charges
The Hartford Financial Group turned a prior-year $15mn net loss into net income of $76mn during Q2, but higher-than-expected catastrophe losses and an $110mn asbestos charge contributed to a slump in underlying profits.
05 August 2010
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