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Floods: the rising tide
UK composites confirm rate rises after heavy flood losses
09 August 2007
Aviva hit by £235mn flood losses
UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of UK competitor Royal & Sun Alliance, who reported flood losses of £55mn for the second quarter.
09 August 2007
AXA’s strong performance boosted by Winterthur
French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
09 August 2007
International News Digest
Guy Carpenter chairman to join Aon; Integro CEO sues MMC over departure; Evans to joins White Mountains Re; Marsh set to take fees from insurers; Flood exclusions stand after Katrina decision...
09 August 2007
London News Digest
QBE frustrated by Names’ exit expectations; Bedford to head up GCFac UK; Cost cutting continues at R&SA; Goldsmith retires from Towers Perrin; Re-Ex sees first cat option transaction...
09 August 2007
Legal Briefings
Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP
09 August 2007
FSA urges client advocates for new solvent non-life schemes
UK regulator the Financial Services Authority (FSA) has recommended the appointment of policyholder advocates for non-life schemes of arrangement.
09 August 2007
Bermudian specialists slump below future book estimates
Worst hit by the dual impact of second quarter cat losses and the stock market slide was IPC Holdings, as it followed a July profits warning with confirmation of second...
09 August 2007
Growth prospects, but Bermudians not immune to market fears
Not even RenaissanceRe Holdings Ltd was immune to the late July/early August share sell-off, despite upping estimates for catastrophe reinsurance business after writing more premiums than expected in the first half of the year.
09 August 2007
AIG shares expected to trade up on strong Q2
Despite continued stock market volatility on sub-prime fears, shares in American International Group (AIG) are expected to trade up today after the US insurance giant beat analysts’ consensus by 10 percent with adjusted second quarter net profits of $4.63
09 August 2007
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