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Arch takes $76.5mn-$93.5mn Q2 cat hit
Bermudian reinsurer Arch is expecting a $90mn to $110mn negative impact on its second quarter results from Q2 catastrophe events and upward revisions to its first quarter cat losses
28 June 2011
Aon to undergo major restructuring; McGill and Devine to head new global retail business
Aon Corp is set to unveil a major restructuring which will see the formation of a new global retail business led by Steve McGill, the current head of the firm’s Americas division, The Insurance Insider can reveal.
07 February 2008
Sullivan seeks to reassure AIG shareholders as problems engulf insurance giant
American International Group’s new chief executive Martin Sullivan has written to his shareholders as problems continue to mount for the insurance giant.
04 April 2005
Kiln's Creasy to join Capita
UK outsourcing giant Capita is set to appoint Edward Creasy, chairman of Tokio Marine subsidiary Kiln plc, to the board of its insurance services arm as a non-executive director, The Insurance Insider can reveal.
22 June 2009
Record Allianz results despite sub-prime hit
German financial services giant Allianz AG’s 2007 financial year results hit a historical high, with net income increasing 13.5 percent to EUR8bn accompanied by a proposed 45 percent dividend hike to EUR5.50 per share.
21 February 2008
Sempra in $686mn wildfire liability settlement with homeowner insurers
London market insurers writing liability cover for energy giant Sempra face a lower-than-expected payout, after the San Diego-based firm settled with homeowner insurers over liability for three California wildfires that devastated parts of the state.
29 June 2009
Berkshire Hathaway earns $17bn from (re)insurance underwriting in eight years
Berkshire Hathaway has revealed it has now earned $17bn in pure underwriting profits over the past eight years as full-year earnings beat the Wall Street consensus.
28 February 2011
SII preparation still in early stages among 40% of insurers
With less than two years to go until Solvency II a new survey has found that over 40 percent of insurers have completed less than a quarter of preparatory work.
05 January 2011
HRH sees ‘significant improvement’ in Glencairn
Hilb Rogal & Hobbs (HRH) said it has seen a “significant improvement” in the performance of its London market broker Glencairn.
24 April 2008
Aviation losses exceed premium in worst ever hull year
Hull and liability aviation losses in 2010 reached $2.15bn and exceeded gross premium written in the same period, according to consultancy Ascend.
05 January 2011
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