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IPC shares hit in volatile market
Shares in IPC Holdings fell sharply last week as the Bermudian cat reinsurer followed a profits warning earlier this month with confirmation last week of a second quarter net hits of $62.6mn and $50.1mn respectively from UK and Australian storms and flood
30 July 2007
Acquisitive HRH boosts 1H results with supplemental commissions
Contrasting performance on organic growth was highlighted by analysts as Arthur J Gallagher & Co (AJG) and Hilb, Rogal & Hobbs (HRH) reported total revenues up for the second quarter.
30 July 2007
Arch income on the rise
Bermudian (re)insurer Arch Capital Group reported a healthy 44 percent rise in its net income of $199.4mn, or $2.65 per share, for the second quarter of this year.
30 July 2007
Beazley shares climb on record interim profits
Shares in Lloyd’s (re)insurer Beazley Group plc rose by around 6 percent this morning (30 July) as it reported a doubling of profits in the first half of 2007 on the back of income growth, low claims and rising investment income.
30 July 2007
R&SA shares fall despite China win; flood losses set to rise?
Resurgent UK insurer Royal & Sun Alliance Group saw its shares slide last week against a backdrop of fears over flood losses and jittery investors following the turmoil in the global credit markets.
30 July 2007
Australian insurer announces passage to India
Fast-growing Australian (re)insurer QBE Insurance Group Ltd has entered into a Joint Venture Agreement with the Rajan Raheja Group (RRG) to establish a general insurance company in India.
30 July 2007
IGI closes London platform
Nottingham headquartered insurer IGI Group Ltd has closed its London office 18 months after it first opened as an underwriting branch.
30 July 2007
AM Best upgrades Markel Intl to A
Markel Group has seen AM Best upgrade its financial strength rating on its London-based platform Markel International Insurance Co Ltd.
30 July 2007
CEO Horbelt leaves Zurich’s Centre
Senior run-off figure Oliver Horbelt has left insurance giant Zurich Financial Services, Insider Week can reveal.
30 July 2007
QBE frustrated by Names’ exit expectations
QBE has demanded major reform at Lloyd’s after complaining that the Society’s members’ agents refused to recommend an increased bid to buy out Names’ capacity on its flagship Syndicate 386.
30 July 2007
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