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  • Bavarian giant Munich Re has raised its 2007 earnings guidance on the back of record 2006 profits of over EUR3.5bn – 28.5 percent up on the prior year.
  • Catastrophe modelling agency Risk Management Services (RMS) has lowered its industry loss estimate for European Windstorm Kyrill to a range of EUR3-4bn.
  • Amlin plc opened the Lloyd's 2006 reporting season and set a challenging pace with record pre-tax profits of £342.7mn and a lowly combined ratio of 72 percent...
  • Hardy Underwriting Group raised the forecasts for its Lloyd's Syndicate 382, closing the 2004-year of account up on predictions despite the four major hurricanes that year.
  • Independent UK broker Heath Lambert confirmed 2006 turnover of £121mn and pre-tax profits of approximately £17.5mn, as predicted in the February issue of The Insurance Insider.
  • Benfield Group should post strong 2006 earnings but shareholders will be seeking reassurance in three areas, according to analyst William Hawkins of Keefe, Bruyette & Woods (KBW).
  • The competitive trading conditions for insurance broking overshadowed Jardine Lloyd Thompson Group plc's (JLT) 2006 results this morning (5 March) where the theme of declining rates and the weak dollar was paramount.
  • Amlin plc opened the Lloyd’s reporting season and set a challenging pace for its peers with record pre-tax profits of £342.7mn on the back of clement cat conditions and its decision to cut back its reinsurance/retro spend.
  • US giant American International Group (AIG) reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
  • In a year in which “everything went right in insurance”, investment conglomerate Berkshire Hathaway reported last night a record gain in net worth during 2006 of $16.9bn.