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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
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
Europe's big guns to show extent of turnaround; focus on Swiss Re
As commentators digest Q2 figures from the predominantly US and Bermudian (re)insurers reporting last week, attention turns to the Continental European giants, with Swiss Re, Munich Re and Hannover Re preparing to report in the coming days.
03 August 2009
JLT impresses analysts with organic growth
Jardine Lloyd Thompson (JLT) impressed analysts with strong half-year figures, posting a 16 percent increase in turnover to £309.7mn.
03 August 2009
Aon and Willis organic growth falters
The twin pressures of a lingering soft market and recession have pinned back organic growth at global broking giants Aon and Willis.
03 August 2009
Validus profits on investment turnaround; Ward promoted
Improved conditions in the financial markets during Q2 helped Validus Holdings regain lost value in its investment portfolio, as strong unrealised gains helped net income climb 81.2 percent...
03 August 2009
Brit points to underlying growth despite FX drag; again reassures on sub-prime
Brit Insurance Holdings said it was enjoying organic growth in its three main trading divisions, while again reassuring investors on the development of its sub-prime/financial liability exposures.
03 August 2009
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