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HCC suffers 11% profit dip in H1
Net earnings at HCC Insurance Holdings fell back by 11 percent to $155mn in the first half of the year, as the effects of higher claims were compounded by growing operating expenses.
04 August 2010
Munich Re trumps forecasts and reiterates FY EUR2bn target
Munich Re posted a strong set of bottom line results this morning (4 August) that trumped analysts' expectations and enabled the reinsurer to reiterate its "ambitious" full-year earnings target of EUR2bn.
04 August 2010
XL’s H1 profits up; ‘recapturing’ lost business
Bermudian (re)insurer XL Group added a quarter to its H1 profits as reduced overheads and an improved investment performance outweighed an increase in claims.
04 August 2010
Organic growth from Marsh and Guy Carpenter
Steady results from MMC that largely came in on line with analysts' forecasts
03 August 2010
Sidecar saves Flagstone from Q2 loss
Flagstone Re's Mont Fort Re sidecar saved it from reporting a loss in Q2 on the back of Deepwater Horizon losses.
03 August 2010
Argo CR hits 102.7% on Lloyd’s/US specialty arms
Argo Group International Holdings followed several of its Bermudian compatriots in booking a slide in Q2 operating profits late last night (2 August).
03 August 2010
Cooper Gay readies for hires, puts focus on binder growth
Cooper Gay has signalled its intention to join the hiring trail and to buy out rival teams, as it looks to ramp up growth following its merger with US wholesaler Swett & Crawford.
02 August 2010
Insurance avoids downturn in financial services
The UK insurance industry defied the downturn in net exports that hit other areas of the financial services industry in 2009, adding £8.3bn to the balance of trade.
02 August 2010
(Re)insurers contemplate major accounting shake-up
Accounting rules for (re)insurers writing long-tail risks and using one of the two recognised international standards are likely to get more complicated, following proposed changes announced today (2 August).
02 August 2010
$20mn Chile deterioration for White Mountains Re
White Mountains Re has been forced to add an additional $20mn to its reserves for the Chilean earthquake, bringing the total expected losses to $130mn.
30 July 2010
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