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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
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
UK Islamic insurer launches as Salaam Halal
Britain's first dedicated Muslim insurance group, Principle Insurance Company Ltd has officially launched offering motor cover and trading as Salaam Halal.
28 July 2008
XL faces day of reckoning
XL Capital's short-call announcement yesterday that it would report second quarter results after markets close later today comes as speculation grows that the troubled Bermudian is set to reveal details of a strategy to turnaround its fortunes.
28 July 2008
New Beazley Group CEO upbeat despite £45mn profit fall
Andrew Horton has made his first public appearance as the new Beazley CEO Lloyd's insurer became the first to report its 2008 interims.
25 July 2008
Munich Re shares slide 11% on profits warning
Munich Re shares have fallen more than 11 percent this morning after the company issued a profits warning for the second quarter and full-year 2008 as its investment performance suffers amid capital markets turmoil.
25 July 2008
Max Capital buys Lloyd's insurer
Max Capital Group has become the latest Bermudian (re)insurer to acquire a Lloyd's platform after buying Imagine Group (UK) Ltd.
25 July 2008
Beazley posts income down at £45mn
Beazley Group posted credible half-year results this morning (25 July) as it became the first Lloyd’s insurer to report its 2008 interims.
25 July 2008
Flood damage key indicator for Dolly insured losses
The erratic pattern of Hurricane Dolly has provoked a debate amongst rival risk modelling firms over the extent of US insured losses after the storm made landfall in Texas yesterday (23 July).
24 July 2008
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