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Munich Re on track to earn EUR3.2-3.4bn
German giant Munich Re is on track for 2006 after-tax profits of EUR3.2bn to EUR3.4bn, according to its chairman Nikolaus von Bomhard in an investor conference last week (9 January).
15 January 2007
Sullivan praises European regulation
The global insurance industry is facing emerging risks, providing unparalleled opportunities for new product development, yet it needs support from the regulatory system in order to operate in a stable environment...
29 May 2007
AXA’s strong performance boosted by Winterthur
French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
09 August 2007
The Hartford posts record profits on low cat year
Benign catastrophe conditions contributed to US insurer The Hartford Financial Services Group reporting record fourth quarter net income of $783mn, or $2.42 a share, and full year 2006 net income of $2.7bn – a 21 percent increase on 2005.
29 January 2007
QBE snaps up Secura at premium in EUR267mn deal
Ever-expansive insurer pays around 1.3x book to capture the up-for-sale mid-tier European reinsurer
08 July 2010
AIG grows top and bottom line
US giant American International Group (AIG) reported strong first quarter results on the back of a 31.5 percent increase in operating profits at its general insurance business.
14 May 2007
Final sentencing date scheduled for ex-Gen Re exec
Former General Reinsurance Corp senior vice president Richard Napier is scheduled to be sentenced on 15 September for his role in a sham finite reinsurance transaction involving the Berkshire Hathaway-owned reinsurer and American International Group (AIG)
24 August 2009
Manchester leaves HCC
Charles Manchester, CEO of HCC International Insurance Company plc, and active underwriter of HCC Syndicates 4040 & 4141at Lloyd’s, has left the organisation
09 February 2009
RK Carvill dispute set for 2005 showdown
XL D&O dispute heads for court; ALAS settles with reinsurers The acrimonious dispute between reinsurance broker RK Carvill and its former client XL Professional Liability over its disputed D&O treaties is set for an October 2005 show-down.
01 January 2005
Insurers not giving QIS5 the respect it deserves: Towers Watson
The insurance industry is not giving QIS5 the respect it deserves and its failure to do so poses a risk to its successful implementation of Solvency II, according to Towers Watson.
18 May 2010
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