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  • Arch Capital announced strong second quarter results, booking net income of $104.3mn, or $1.42 a share, against $61.8mn, or $0.91 a share for the comparable quarter last year. The performance took the total for the year so far to $191.7mn, or $2.69 a s
  • UK general insurer Royal & Sun Alliance (R&SA) revealed that its net written premiums for the first nine months of 2007 were up 8 percent to £4.36bn when compared to last year.
  • Ron Sandler, the chairman of Bermudian insurer Ironshore Ltd and the former chief executive of Lloyd's, is poised to run the stricken UK bank, Northern Rock, if it is nationalised.
  • Declared losses from Australia's recent spate of catastrophes have reached roughly $1.75bn, according to initial analysis from The Insurance Insider.
  • Charles Philipps has warned that Lloyd’s must preserve its security rating, or face disastrous consequences that would spell the end of the market in its current form. Speaking at Lloyd’s on 11 January as part of a series of lectures...
  • Goldman Sachs is mulling the redemption of $5bn of preference shares that Berkshire Hathaway purchased days after Lehman Brothers had collapsed in September 2008, according to The Wall Street Journal.
  • A year on from Lehman, the near collapse of AIG, and the Aon Benfield merger, our Monte Carlo panel gathered to discuss recovering (re)insurer balance sheets, the subscription market, broker choice and soft market fears.
  • Giant US insurer State Farm benefited from the unexpectedly low catastrophe losses of 2006 as it posted after-tax net profits of $5.32bn, compared to $3.24bn in the hurricane-hit year of 2005.
  • Last week, a Fifth Circuit Court of Appeals reversed its controversial March decision that BP is entitled to a portion of rig owner Transocean's $750mn insurance coverage.
  • Following the weeks of turmoil between American International Group (AIG) and the Hank Greenberg controlled Starr agencies, AIG has overhauled the management team of its aviation unit. Long-serving AIG executive David Hupp has replaced...