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ILWs are a 'mini hard market'
US national carriers and Florida-only insurers created a surge in demand for Industry Loss Warranties (ILWs) last month, according to Jim Bryce, president and CEO of Bermudian cat specialist IPCRe.
28 July 2008
Mapfre profits up more than 50 percent
Spanish (re)insurer Mapfre has reported a 57.7 percent rise in first-half net profit year-on-year to EUR529.4mn.
28 July 2008
Beazley upbeat despite profits fall
Andrew Horton was upbeat in his first public appearance as the new Beazley CEO, as the Lloyd's (re)insurer became the first listed London Market player to announce its interim results last week which saw a 25 percent fall in profits and a slump in investm
28 July 2008
Cat losses hit US insurers' profits
A second consecutive quarter of heavy catastrophe losses took its toll on early reporting US insurers as profits slipped at Allstate Corp, Travelers, Liberty Mutual, WR Berkley and Chubb and Transatlantic Holdings.
28 July 2008
Greenberg closer to NY settlement
The New York attorney general's office could be close to reaching a settlement with former American International Group (AIG) CEO Maurice "Hank" Greenberg, according to reports.
28 July 2008
Dolly's cost less than feared
Flood damage and business interruption losses are likely to make up the largest proportion of insured losses after the first hurricane of the 2008 season hit the North American mainland.
28 July 2008
ARIG first half profits drop
Arab Insurance Group (ARIG) saw its first half net profits slide as both underwriting and investment income deteriorated.
28 July 2008
Mixed results for Montpelier and Platinum
Bermudian reinsurers Montpelier Re Holdings Ltd and Platinum Underwriters Holdings Ltd revealed mixed results for the second quarter as favourable reserve development helped soften the impact of weaker pricing.
28 July 2008
HCC and former CEO settle SEC investigation
US insurer HCC Holdings, its former CEO Stephen Way, and its former General Counsel Christopher Martin have finally reached a settlement with the US regulatory authorities relating to a dispute alleging violations over stock-options backdating.
28 July 2008
Tokio Marine continues global expansion with Philadelphia move
The expansive Japanese insurer Tokio Marine & Nichido Fire Insurance Co's acquisition of non-life insurer Philadelphia Consolidated Holding Corp (PCHC) will help the company to strengthen its overseas property and casualty (P&C) businesses...
28 July 2008
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