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Profits double at Aspen, but plateau for Endurance
Aspen Insurance Holdings Ltd almost doubled net profits quarter-on-quarter, but saw its top-line tail off, with gross written premiums falling to $636.5mn from $678.7mn in the first quarter of 2006.
08 May 2007
Swiss Re reports good start to 2007 boosted by the Gherkin and GE
World’s largest reinsurer Swiss Reinsurance Co reported record earnings of SFr1.3bn in the first quarter 2007, an increase of 54 percent over the prior-year period. Earnings per share rose 38 percent to SFr3.85.
08 May 2007
Berkshire Hathaway flush for cash at the end of first quarter 2007
Warren Buffett has signalled his intention to undertake a large acquisition, saying that Berkshire Hathaway Inc (Berkshire) has more cash than investment opportunities.
08 May 2007
MMC disappoints analysts despite share buyback
Despite announcing a $500mn share buyback programme, shares in Marsh and Guy Carpenter parent Marsh & McLennan Companies, Inc, (MMC) were down in early trading today on the back of a sluggish set of first quarter results.
08 May 2007
Lloyd's pilots automatic slip checking
Lloyd's is piloting technology that will check insurance slips automatically as it continues to promote contract certainty and process efficiencies.
08 May 2007
Xchanging and Advisen team up to launch ACORD messaging hub
Back office service provider Xchanging and market information and analysis firm Advisen Ltd are teaming up to launch an ACORD messaging hub for the London Market.
08 May 2007
Travelers acquires London marine agency
The trend for insurers to integrate their distribution channels has continued with Travelers purchase of the London-based Galatea Underwriting Agencies Ltd.
08 May 2007
Ratings boost for Fairfax
Canadian combine Fairfax Financial Holdings received a ratings boost from AM Best following the reporting of its first quarter results last week.
08 May 2007
Amlin trades up on index entry
Lloyd's sector star Amlin plc saw its share price climb around 8 percent last week following entry on to the Dow Jones STOXX select dividend 30 index.
08 May 2007
Willis continues UK reshuffle with R&SA appointment
Willis continued its top tier re-shuffling last week with the appointment of Brendan McManus as chief executive of Willis UK & Ireland (WUK&I) operating division.
08 May 2007
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