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Mapfre first-half profits shrug off Chile hit
Spanish-headquartered Mapfre Group has posted a 6.3 percent gain in gross first-half pre-tax profits to EUR874.5mn, despite a EUR96.6mn Chile earthquake hit together with Iberian Peninsula and US storms impacting its bottom line.
26 July 2010
Hannover invests $50mn in Lohmann-managed ILS fund
German reinsurer Hannover Re has supported former executive Dirk Lohmann with a $50mn investment in his new Secquaero insurance linked securities (ILS) fund, according to sources close to the deal.
08 September 2008
Xchanging sees insurance profits flat
Xchanging, the back office provider to the London market, said its 2008 insurance revenues and profits were flat as greater process efficiencies were largely absorbed by one-off investments and the loss of some business support income.
02 March 2009
Esure reports ‘steady’ Q1 after £1.2bn IPO
Recently listed UK personal lines insurer Esure increased its gross written premiums (GWP) modestly to £124mn in the first quarter, a rise of 1.6 percent year-on-year.
08 May 2013
Lockton International captures Rutter
Lockton Companies Inc burst onto the UK shores in November 2006, with the Stone Point Capital-backed acquisition of Alexander Forbes International Risk Services (AFIRS) and immediately claimed the title of largest privately-owned global insurance broker.
11 May 2007
2006 catastrophes could restrict reinsurers access to capital
Further significant catastrophes this year could restrict reinsurers access to the capital markets, according to a report by ratings agency Standard & Poor's (S&P). The report noted that, although earnings had been poor for property & casualty...
03 April 2006
Airline insurers warned as rates fall on flagship accounts
The renewal of the flagship Lufthansa airline account last year highlights the soft market for airline insurance, The Insurance Insider can reveal.
12 January 2007
SCOR confirms Lloyd's interest
SCOR chairman and CEO Denis Kessler has confirmed the global reinsurer's interest in greater participation in the Lloyd's market, The Insurance Insider can reveal.
06 April 2009
10 injured as 737 landing gear fails at La Guardia Airport
The front landing gear of a Southwest Airlines plane collapsed as the aircraft landed at La Guardia Airport on Monday (22 July), leaving at least 10 people injured.
23 July 2013
Brit management offered 10% incentive package
Buy-out firms Apollo and CVC reveal details of £865mn takeover
11 November 2010
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