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AXA's 'solid growth' in life sector
French (re)insurance giant AXA posted life and savings new business volume of EUR5.6bn in the first nine months of 2007, up 26 percent on the previous year’s nine months, or 10 percent on a comparable basis...
12 November 2007
Townsend defends Xchanging 'partnership'
Roger Townsend, executive director of Xchanging Insurance Services (XIS), has dismissed market accusations that it is taking advantage of a monopoly over the market.
12 November 2007
Hannover profits up 55 percent
Hannover Re reported a 55 percent increase in its net income for the first nine months of the year.
12 November 2007
Former RenRe executive agrees to fine and ban
Former RenaissanceRe Holdings Ltd executive Michael Cash has agreed to settle civil charges filed by the Securities and Exchange Commission (SEC) by paying a $130,000 fine and receiving a five-year ban...
12 November 2007
Allianz confirms 10 percent stake in UK broker consolidator Oval
Allianz continued its strategic stake-building in the UK distribution chain this month, with confirmation that it has acquired a 10 percent minority share of Yorkshire-based broker The Oval Group, as predicted by The Insurance Insider in September.
12 November 2007
Allianz issues cat bonds through new EUR1bn shelf programme
German insurance giant Allianz SE has issued EUR155mn and $65mn of European windstorm cat bonds through a newly created EUR1bn shelf vehicle, Blue Fin Ltd, as predicted by The Insurance Insider last month.
12 November 2007
UK broking duo hit by share price falls
London-based brokers Benfield Group and Jardine Lloyd Thompson (JLT) saw their share prices drop at the back end of last week after being hit by weak equity markets.
12 November 2007
Joint venture messaging hub ready for London market
A messaging hub that claims it will make effective electronic trading a reality in the London market has been released by messaging specialists TriSystems.
12 November 2007
Gloomy forecast for Australian cyclone season
The forthcoming Australian cyclone season is expected to be the worst in over a decade, according to forecasters at Tropical Storm Risk (TSR).
12 November 2007
Scottish Re threatened by downgrade if sub-prime woes continue
Ratings agency Standard & Poor's (S&P) has placed Bermudian life reinsurer Scottish Re on negative outlook after it revealed $102mn of realised capital losses in its third quarter results yesterday (11 November).
12 November 2007
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