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AIU maps out new future with Chartis rebrand
AIU Holdings will operate as Chartis, after the commercial insurance giant announced a rebranding and took a step closer to independence from its beleaguered parent American International Group (AIG).
27 July 2009
Top line up but profits down as Beazley feels dollar effect
Beazley plc has launched the Lloyd’s interim reporting season with a fall in pre-tax profits from £45.0mn in the first half of 2008 to £20.1mn, as the expected unwind of last year’s foreign exchange gains hit the bottom line.
27 July 2009
Low cat year sees earnings focus on reserve releases, investments and FX
With little in the way of underlying growth prospects or catastrophe losses to report, reserve releases and a partial reversal of investment losses are likely to dominate Q2 figures as the US and Bermudian earnings season begins in earnest this week.
27 July 2009
Fitch also affirms 'resilient' Lloyd’s
The strength of the Lloyd's market has received another ratings agency endorsement, with an affirmation from Fitch that reflects its resilience and capital strength.
27 July 2009
AM Best affirms Munich Re's ratings ahead of Q2 results
The world's largest reinsurer, Munich Re, continues to be seen as a strong performer by ratings agencies and equity analysts as it prepares to unveil its second quarter results next week (4 August).
27 July 2009
Arch/Platinum profits boosted by reserve releases
Bermudian Arch Capital followed its compatriot Platinum Underwriters in booking a solid set of Q2 figures - albeit with profits down on the prior-year period.
27 July 2009
Bullish outlook despite profit dip as Beazley feels dollar effect
Beazley plc has launched the Lloyd's interim reporting season with a fall in pre-tax profits from £45.0mn in the first half of 2008 to £20.1mn, as the expected unwind of last year's foreign exchange gains hit the bottom line.
27 July 2009
Hannover Re's European cat bond doubles in size
Hannover Re's proposed European windstorm catastrophe bond, Eurus II, has upsized to EUR150mn, with indicative pricing in the low end of the range at EURIBOR plus 675 basis points.
27 July 2009
Swiss Re confirms closure of London fac operations
Swiss Re will stop writing property and casualty (P&C) facultative business from London later this year, The Insurance Insider's sister publication Inside Fac revealed last week.
27 July 2009
Loucaides crowned Jubilee CEO; syndicate merger plan
Jubilee Managing Agency has named Andreas Loucaides as CEO, just nine months after the former Catlin executive joined the expansive Lloyd’s insurer as chief underwriting officer.
27 July 2009
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