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UK risk managers support European block exemption
UK insurance buyers group the Association of Insurance and Risk Managers (AIRMIC) has made a submission to the EU Commission supporting continuation of the block exemption.
18 August 2008
Investment losses hit Ping An profits
Chinese insurer Ping An Insurance reported a 2 percent drop in its half-year profits with a rise in premium offset by a decline in its investment income as the company warned of possible further credit crunch-related losses.
18 August 2008
Benfield stock rises after upgrade
Benfield Group Ltd received a boost last week after Merrill Lynch upgraded the stock to "Buy" following its solid first-half year results.
18 August 2008
Hiscox pre-tax profits rise to £109mn
Lloyd's insurer Hiscox Ltd has posted a rise in pre-tax profits with reserve releases, a solid investment performance and strong underwriting returns defying the gloom of the soft market and credit crunch.
18 August 2008
RSA again linked with takeover speculation
RSA Insurance Group plc shares have closed the week up at 145p on the London Stock Exchange following fresh speculation over a possible imminent bid.
15 August 2008
Benfield climbs on Merrill upgrade
Benfield Group Ltd received a boost yesterday (13 August) after Merrill Lynch upgraded the stock to "buy" following its solid first-half year results.
14 August 2008
S&P downgrades US P&C sector outlook
Ratings agency Standard & Poor's (S&P) revised its outlook for the US commercial lines and property & casualty sector to negative yesterday on the back of continued price softening and declining investment returns.
14 August 2008
ZFS relies on reserve releases to maintain profits
Zurich Financial Services has announced net profits of $2.7bn and a combined ratio of 96.2 percent for the first half of the year, but only after making higher than expected reserve releases of $609mn.
13 August 2008
Aon Re poaches Guy Carp MD
Aon Re Global has announced the appointment of former Guy Carpenter MD and deputy head of its international department Christer Pehrson as executive director.
11 August 2008
RMS launches new UK flood model
Catastrophe modelling firm Risk Management Solutions (RMS) has upgraded its UK Inland Flood Model after last year's heavy floods.
11 August 2008
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