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Hannover raises full-year targets for bumper 2009
Hannover Re has upped its top and bottom line targets for the full year after a strong quarter driven by the benign claims environment, resurgent investment income and continued growth in its life and health business.
06 November 2009
Chartis CR disappoints as AIG books profit on realised gains
AIG reported a moderate $455mn third quarter net profit - compared to the giant $24.5bn net loss of the same period last year - as net realised capital losses stabilised.
06 November 2009
Mitsui Sumitomo hires senior franchise exec
Eamon Brown, a key member of the Lloyd's Franchise performance team that oversaw Lloyd's underwriting standards, is to leave the Society at year-end.
06 November 2009
IPC gain sends Validus profits soaring
A bumper $302.9mn gain booked on acquiring IPC Holdings helped push Validus Holdings to a $499.2mn net profit for the third quarter, compared to a $126.3mn net loss in the prior-year period.
06 November 2009
Stellar Lancashire to return capital position to 2008 levels
After bumper Q3 results, Bermuda-headquartered Lancashire is to give back capital to shareholders through a $263mn special dividend and an additional $150mn share buyback facility.
05 November 2009
Munich Re disappoints analyst despite strong Q3 underwriting
Munich Re is on course for a full-year profit of EUR2.2-2.5bn after a significant improvement in its investment result pushed third quarter consolidated profit to EUR651mn, compared to just EUR2mn in the prior-year period.
05 November 2009
Guy Carpenter shines as MMC Q3 revenues fall 11 percent
MMC, the holding company for the resurgent Marsh and Guy Carpenter global (re)insurance broking operations, has reported Q3 consolidated revenue of $2.5bn – down 11 percent from the third quarter of 2008.
04 November 2009
Minster scheme given leave to convene
Following the Scottish Lion scheme dismissal the first signs of activity have emerged in that sector of the legacy market...
04 November 2009
WR Berkley sets out succession plan
WR Berkley has named William Berkley Junior (Robert) as president and COO of the US insurer, paving the way for an eventual move into his father’s chief executive role.
04 November 2009
Swiss Re capital recovery continues in Q3
Shares in Swiss Re climbed this morning after analyst-beating third quarter net profits helped further boost its capital base and it continues on the recovery path to paying back its Berkshire Hathaway capital injection.
03 November 2009
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