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Amlin maintains pace with record pre-tax profits
Amlin's standing as a leader amongst the quoted Lloyd’s insurers was reinforced today with "record" results that included a 30 percent leap in pre-tax profits to £445mn and a lowly 63 percent combined ratio.
28 February 2008
AM Best stays stable on reinsurance
As broadly healthy earnings continue to be set against the threat of the softening market, AM Best has affirmed its stable outlook on the reinsurance sector, with a minority of upgrades and downgrades expected to balance out around a majority of...
27 February 2008
D&O costs surge for financial institutions
Directors’ and officers’ (D&O) rates for financial institutions have surged as the impact of the sub-prime crisis takes grip, according to new research.
27 February 2008
RSA back in black
UK general insurer Royal & Sun Alliance (RSA) bounced back to a profit of £638mn for 2007 despite taking a hit from last summer’s UK floods.
27 February 2008
QBE shares slump as results miss analyst targets
Shares in Australian (re)insurer QBE Group dropped 10.2 percent in today’s (26 February) trading after the company missed analyst profit estimates for 2007.
26 February 2008
Gen Re jury returns guilty verdicts in finite trial
A US jury has returned a verdict of guilty on all counts in the trial of Gen Re and American International Group (AIG) executives over a sham finite reinsurance contract between the two companies.
26 February 2008
US growth drives Beazley's record results
Lloyd's insurer Beazley delivered record profits and strong top line growth for 2007, as it more than doubled business written in its US operation and benefitted from the benign underwriting environment.
26 February 2008
Glencairn acquisition drags HRH’s earnings
US broker Hilb Rogal & Hobbs’ (HRH) acquisition of London market broker Glencairn hit its 2007 earnings by $0.11 per share it revealed yesterday (25 February).
26 February 2008
SCA future bleak after S&P slashes rating to A-
Further concerns have emerged over the future of XL Capital affiliate Security Capital Assurance (SCA), after the monoline bond insurer’s ratings were slashed by Standard & Poor’s (S&P).
26 February 2008
Glacier continues growth; plans further expansion
Swiss reinsurer Glacier Re continued to grow in 2007 with an increase in premiums and the launch of its first securitisation.
26 February 2008
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