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Market softening dents RenRe Q1 profits
Market softening contributed to a $50mn first quarter profit fall at RenaissanceRe Holdings Ltd, compared to the prior-year period.
30 April 2008
Lancashire beats projections despite property risk losses
Bermudian insurer Lancashire Holdings Ltd has trumped analysts’ expectations with first quarter pre-tax profits of $86.4mn, only marginally down on the $88.3mn it booked in the prior-year period.
29 April 2008
Insurers to pay $3.35bn in Q1 US cats
The Insurance Services Office (ISO) has estimated that US property & casualty insurers will pay out an estimated $3.35bn in first quarter catastrophe claims in 2008.
29 April 2008
Highway reports bleak Q1 for UK motor sector
Shares in Highway Insurance Holdings plc have dipped after the UK motor specialist offered a bleak update on the sector.
29 April 2008
Citizens votes to spend $100mn on private reinsurance
Florida’s state insurer Citizens Property Insurance Corporation is to buy reinsurance in the private market for the first time in its history.
29 April 2008
Allianz hit by EUR900mn writedown
Allianz Group's first quarter results are expected to be hit by a EUR0.9bn writedown at subsidiary Dresdner bank "due to the ongoing financial market crisis", the company has revealed.
29 April 2008
Property group BPF call for Government flood investment
The British Property Foundation (BPF) has called on the UK Government to invest in measures to prevent a repeat of 2007's summer floods.
28 April 2008
Price Forbes in Bermuda launch
UK-based wholesale broker Price Forbes & Partners is planning to launch in Bermuda in the second quarter of this year.
28 April 2008
Ambac reveals losses
Shares in bond insurer Ambac Financial Group plummeted after the company revealed a net loss of $1.66bn for Q1 2008 compared with a prior-year profit of $213mn.
28 April 2008
Allstate profits slump
Allstate Corporation saw profits fall by over 75 percent in the first quarter of 2008 after suffering from a large rise in catastrophe losses.
28 April 2008
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