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Hurst-Bannister named chairman of London Market Reform Group
Barnabas Hurst-Bannister, chairman of Travelers Syndicate Management and deputy chairman of the Lloyd’s Market Association (LMA), has been named as the new chairman of the London Market Reform Group (MRG), succeeding Peter Harmer...
06 August 2009
Marsh's Q2 operating margin leaps on cost savings; Guy Carpenter posts strong quarter
Marsh's single-minded focus on cost-cutting has again borne fruit in its quarterly earnings, with its operating margin leaping from 10.6 percent to 18.2 percent in the second quarter.
05 August 2009
Swiss Re back in the red despite strong P&C performance
Despite a strong showing by its core property casualty business that included a better-than-expected combined ratio of 89.4 percent, Swiss Re fell back into the red for the second quarter, as worse-than-expected mark-to-market losses and writedowns return
05 August 2009
No end in sight for US P&C insurance soft market
Soft market conditions in the US property casualty insurance market show little sign of abating, according to the latest data from Texas-based insurance exchange MarketScout.
05 August 2009
Hardy posts solid H1, flags ‘sustainable’ long-term price hikes
Hardy Underwriting posted an upbeat half-year statement that included significant top-line growth, as it offered a pragmatic but optimistic assessment of future pricing prospects.
05 August 2009
Max Capital Q2 net income drops, but investments recovering
Bermudian Max Capital Group saw its second quarter net income drop to $42.8mn compared to $74.2mn in Q2 2008, in part driven by a higher loss ratio and acquisition expenses in its property casualty business.
04 August 2009
Flagstone Re's Q2 earnings rise; Marlborough costs hit combined ratio
Bermudian reinsurer Flagstone posted robust second quarter results, booking a net income of $67.8mn, compared to $41.9mn in Q2 2008.
04 August 2009
Everest Re's shares set for rise as net income climbs 78 percent
Bermudian reinsurer Everest Re saw second-quarter net income increase 78 percent to $272.6mn, compared to $153.0mn for Q2 2008, after being helped by higher premiums written and an increase in the fair value of its equity portfolio.
04 August 2009
Axis' Charman frustrated by insurance rates as Q2 profit dips
Axis Capital's president and CEO has berated the insurance market for lacking the courage to force through rate rises, as the Bermudian (re)insurer saw its second quarter profits drop from $231mn to $159mn.
04 August 2009
Munich Re delivers solid Q2 on investment result; ERGO back in black
Munich Re unveiled solid net profits of EUR703mn for the second quarter, up 11.9 percent on the prior-year period, as its primary division, ERGO, returned to the black.
04 August 2009
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