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AIG ends long wait for profit, but general insurance business shrinks
American International Group (AIG) returned to the black as it booked its first quarterly profit since Q3 2007, largely driven by a significant drop in net realised losses.
07 August 2009
Greenberg close to $15mn SEC settlement
Former American International Group (AIG) CEO Maurice "Hank" Greenberg will pay $15mn to settle past accounting issues relating to the company, reports suggest.
06 August 2009
Hannover Re top and bottom line surges
Hannover Re unveiled an ostensibly strong set of half-year results, with net profits up 66.1 percent to EUR419mn.
06 August 2009
ZFS ends search for group CEO
Global insurer Zurich Financial Services Group (ZFS) has completed its search to replace its highly regarded chief executive James Schiro.
06 August 2009
RSA's H1 profit falls, but above expectations
UK insurer RSA saw its first half net profit decline 24 percent to £223mn, but the figure was nevertheless in line with analysts' expectations under the current economic conditions.
06 August 2009
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
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