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MMC lags behind rivals with sluggish broking revenues
Marsh & McLennan Companies Inc (MMC) shares continued to slide as its broking division reported second quarter revenue growth that lagged behind rivals Aon Corp and Willis Group Holdings.
09 August 2007
CNA down on investment losses
Unlike its peers, CNA Financial Corporation shares were hit by disappointing second quarter results that included net investment losses of $91mn, with $20mn attributable to securities "with exposure to subprime mortgage collateral".
09 August 2007
US big guns show strength
The Travelers Companies and The Hartford Financial Services Group both resolved legacy disputes in July, and reported strong second quarter results.
09 August 2007
Tawa could earn 30 percent ROE following IPO
Newly listed run-off firm Tawa plc could earn shareholders a 30 percent return on equity (ROE), according to research into the IPO by stockbrokers KBC Peel Hunt.
09 August 2007
Berkshire profits surge, but premiums feel pinch
Berkshire Hathaway's (re)insurance operations contributed heavily to second quarter profits up almost 33 percent, but the investment conglomerate also highlighted increased competition in the business.
09 August 2007
Beazley sets pace as Lloyd's insurers prepare for interims
With Lloyd's results season due to kick off in earnest over the next six weeks, the market's listed (re)insurers prepare to report in unforgiving conditions as shares continue to suffer from widespread uncertainty driven by the US sub-prime crisis.
09 August 2007
Securitisation pendulum swings to primary carriers
Although the majority of the $25bn of insurance-linked securities (ILS) issued to date have been brought to market by reinsurers, recent research by William Hawkins, analyst at Keefe, Bruyette & Woods (KBW) shows that...
09 August 2007
N Korea 'fraud' dispute continues despite ruling
London market reinsurers led by Allianz will continue their High Court battle with the North Korean national insurer over a controversial EUR44.3mn claim despite a setback in a pre-trial hearing last month.
09 August 2007
Sidecars still have gas as new models emerge
$500mn Emerson Re latest to roll off production line
09 August 2007
Lloyd's 2008 capacity set to fall as market softens
The early signs are that Lloyd's capacity will be reduced next year as (re)insurers brace themselves for the softer market that appears to be on its way.
09 August 2007
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