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Decus to launch with Gallagher team
US retail broker Brown & Brown is to formally launch its London market platform, Decus Insurance Brokers Ltd, with a team led by former Gallagher broker Melanie Alexander.
25 February 2008
Munich Re beats profit target despite higher combined ratio
Munich Re beat its increased profit projections for 2007 as it booked a consolidated result of EUR3.9bn for the year, up 11.9 percent on 2006.
25 February 2008
Record profit for 'conservative' HCC
US insurer HCC Insurance Holdings Inc's conservative business plan and investment strategy saw it reach a record profit for 2007 while steering clear of sub-prime woes.
25 February 2008
Groupama prepares for IPO
French mutual Groupama SA has completed its preparations for an initial public offering (IPO), which would take place if an opportunity to make a major acquisition should arise, it revealed in its 2007 results.
25 February 2008
Advent returns strong results for 2007
Lloyd's (re)insurer Advent Capital Holdings PLC has seen net income rise to £19.2mn and has maintained a strong return on equity despite increasingly competitive market conditions.
25 February 2008
Platinum plans further capital repatriation after scaling back
Bermuda's Platinum Underwriters revealed it had significantly pared back premiums written at 1 January renewal as it reported record fourth quarter and full year profits.
25 February 2008
Flagstone's premium income strengthened by Caribbean acquisition
The acquisition of Caribbean property insurer Island Heritage boosted the premium income of "Class of 2005" reinsurer Flagstone Re, which rose 91 percent last year, it revealed in its 2007 results.
25 February 2008
Profits up as Montpelier rides diversification costs
Diversification costs have failed to dampen Bermudian reinsurer Montpelier Re Holdings 2007 profits.
25 February 2008
Record Allianz results despite sub-prime hit
German financial services giant Allianz AG's 2007 financial year results hit a historical high, with net income increasing 13.5 percent to EUR8bn accompanied by a proposed 45 percent dividend hike to EUR5.50 per share.
25 February 2008
Embattled MBIA reappoints Brown
Joseph Brown has been re-appointed as chairman and CEO at beleagured monoline bond insurer MBIA Corp.
25 February 2008
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