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Munich Re exceeds 2006 profits target
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.
05 March 2007
RMS lowers Kyrill estimates to EUR3-4bn
Catastrophe modelling agency Risk Management Services (RMS) has lowered its industry loss estimate for European Windstorm Kyrill to a range of EUR3-4bn.
05 March 2007
Amlin reveals $40mn Florida impact as profits soar
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...
05 March 2007
Hardy rises above hurricane losses
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.
05 March 2007
Heath Lambert confirms strong 2006
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.
05 March 2007
Benfield investors looking for reassurance over prospects
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).
05 March 2007
Weak dollar hits JLT profits
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.
05 March 2007
Amlin profits up 84 percent
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.
05 March 2007
Profits rise as AIG announces share buyback
US giant American International Group (AIG) reported a rise in its 2007 net income and announced an $8bn share buyback scheme.
02 March 2007
‘Luck’ deals Berkshire record gains
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.
02 March 2007
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