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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
Lancashire piles into energy as rates climb 10-30%
Lancashire Group delighted analysts with net profit of $93mn and a 77.4 percent combined ratio for the first half of 2010, defying the string of unprecedented losses that produced yawning combined ratios for many of its peers.
05 August 2010
Swiss Re turns Q2 profit despite damaging cats
In spite of the natural and man-made catastrophes that punctuated the first half of 2010, Swiss Re booked net income of $812mn in the second quarter.
05 August 2010
Axis ups Chile loss by 24%
Axis Capital reported a $24mn deterioration in its Chile loss estimate as it booked second quarter operating profits of $180mn - a shade below the $183mn it recorded in the prior-year period.
04 August 2010
Alterra income boosted by merger
Newly formed Alterra Capital - the merged Max Capital/Harbor Point - posted net income of $103.4mn for the second quarter of 2010.
04 August 2010
Buffy: What goes down…
Buffy mulls the motor equivalent of buying BP shares
04 August 2010
International digest
Benmosche asserts; Markel acquisition; Catlin recruits; Deepwater: $4-6bn; Winds whimper; Brazil boom?
04 August 2010
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