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Strong organic growth and acquisitions fuel solid H1 for JLT
Jardine Lloyd Thompson (JLT) impressed analysts with strong half-year figures, posting a 16 percent increase in turnover to £309.7mn, fuelled by organic growth that averaged 5 percent across divisions.
31 July 2009
White Mountains restructures to shore up balance sheet
White Mountains Insurance Group is restructuring its reinsurance business by converting its Bermudian reinsurance arm into a branch of White Mountains Re Sirius.
31 July 2009
Fairfax profits surge on underwriting profits and investments
Canadian combine Fairfax Financial Holdings turned a net profit of $275.4mn for the second quarter, compared to just $27.6mn in the prior-year period, as it returned to underwriting profit in its (re)insurance operations and booked strong investment gains
31 July 2009
Gallagher's energy expansion continues with Calgary launch
Gallagher's Global Energy initiative took another decisive step this week with news that the firm has opened a Calgary office, The Insurance Insider can reveal.
31 July 2009
Validus Q2 net income soars 81%; Ward promoted
Validus Holdings saw net income climb by $61.6mn or 81.2 percent year-on-year to $136mn for the second quarter, as it benefited from strong net unrealised investment gains.
30 July 2009
Soft market and recession hit Aon and Willis organic growth
Aon and Willis reported flat and 1 percent organic revenue growth respectively in their core business for the second quarter, as a lingering soft market and difficult economic conditions combined to produce a challenging climate for the broking giants.
30 July 2009
Scor's first half income falls by 24 percent
French reinsurer Scor’s net income for the first six months of the year dropped by 24 percent from H1 2008 to EUR184mn, as investment income dropped from EUR348mn to EUR 149mn.
30 July 2009
Law Lords rule in favour of reinsurers in historic 'follow the settlement' case
The House of Lords ruled that London-based facultative reinsurers Wasa International Insurance Company (Wasa) and AGF Insurance Ltd are not obliged to follow a settlement made in a US court.
30 July 2009
Aspen Q2 net income dips as combined ratio rises
Bermudian (re)insurer Aspen saw its net income drop from $126.9mn in the second quarter of 2008 to $110.4mn in Q2 2009, while its combined ratio jumped 8.9 percent year-on-year to 87.7 percent.
30 July 2009
Plumeri: Willis will NOT take contingents
Joe Plumeri, chairman and CEO of broking giant Willis, has reiterated his firm's strong opposition to charging contingent commissions and stated that if the New York attorney were to re-enable the arrangements, Willis would not participate.
30 July 2009
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