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SCA and Assured Guaranty report Q1 losses
Monoline bond insurers Security Capital Assurance (SCA) and Assured Guaranty Ltd (AGL) both reported further losses in the first quarter of 2008.
12 May 2008
Berkshire Hathaway profits hit by underwriting downturn
Berkshire Hathaway revealed first quarter net profits dropped by around 64 percent to $940mn from $2.6bn in the prior-year period.
12 May 2008
AXA sees P&C uplift
French insurance giant AXA said its property and casualty revenues grew by 2 percent in the first quarter of 2008 to EU8.89bn compared to the prior-year period.
12 May 2008
IFEX gets green light to margin trade in US hurricane season
Trading risk platform Insurance Futures Exchange Services (IFEX) is to facilitate margin trading during the North Atlantic wind season - in a move that may encourage greater activity on the derivative exchange.
12 May 2008
Greenshoots of recovery continue in airline market
Signs of recovery in the hard-pressed airline market are continuing with a 16 percent increase in April's hull and liability premium, according to Aon Aviation's latest report into the sector.
12 May 2008
Swiss Re hit by further credit losses
Swiss Re shares fell more than 5 percent last week after the reinsurance giant continued to disappoint analysts with further structured credit losses that halved Q1 profits.
12 May 2008
Pressure mounts on AIG's Sullivan after latest record loss
Pressure is mounting on American International Group (AIG) CEO Martin Sullivan as the crisis at the US giant deepened after a second consecutive record quarterly loss.
12 May 2008
JLT Re recruits from rivals
UK listed broker Jardine Lloyd Thompson Group (JLT) has strengthened its reinsurance operations with a slew of appointments from rival firms.
12 May 2008
Aon Re acquire Peruvian broker
Aon Corp has expanded its presence in the Latin American market after snapping up Peruvian reinsurance intermediary, Cosegur Re.
12 May 2008
Max Capital's net income slumps on investments
Max Capital Group Ltd revealed net income slumped $72.3mn compared to the prior-year period, which has been attributed to losses on investments.
12 May 2008
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