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Generali impresses analysts
Expanding Italian (re)insurance giant Generali last week (9 November) reported consensus beating third quarter earnings of EUR538mn that were 23.1 percent up on the prior-year period.
13 November 2006
AIG beats forecasts with 3Q earnings
American International Group (AIG), the world’s largest insurance company by value, was the latest firm to unveil strong third quarter results on the back of a benign 2006 claims environment.
10 November 2006
R&SA in line with 3Qs
Resurgent UK insurer Royal & Sun Alliance (R&SA) reported steady third quarter earnings with a group combined operating ratio of 93.1 percent and an operating result up 21 percent at £590mn (analysts’ consensus £592mn).
09 November 2006
Zurich poaches RBS Insurance chief to Europe role
Zurich Financial Services (ZFS) has appointed the head of Royal Bank of Scotland (RBS) Insurance Annette Court to become the chief executive of its European General Insurance operations. Court, who will also become a member of the insurance giant's...
08 November 2006
Oil Casualty loses A- rating
Bermudian-based energy mutual Oil Casualty Insurance Ltd (OCIL) was stripped of its key A- rating by Standard & Poor’s (S&P) earlier this week.
08 November 2006
Munich Re ups profit forecast on benign cat year; EUR1bn share buy-back
Munich Re, the world’s second largest reinsurer, raised its full year earnings forecast and announced its first ever share buy-back today (7 November) as it became the latest industry carrier to benefit from the benign claims season.
07 November 2006
Silverstein fails in bid for extra WTC funds
World Trade Center insurers won a ruling last Tuesday (31 October) that means they won’t have to pay out an additional $700mn to make the replacement buildings “bigger and better”.
06 November 2006
FSA accepts sidecar applications
UK regulator the Financial Services Authority (FSA) has begun to accept applications for sidecar-style insurance special purpose vehicles (ISPVs) from today (6 November), following approval of its proposals to make ISPVs more attractive.
06 November 2006
Aon dragged down by $102mn reserve boost
Broking giant Aon Corp came in below analyst estimates last Thursday (2 November) with its third quarter results but five percent growth in its core broking business will be better received by shareholders. The Chicago-headquartered firm reported...
06 November 2006
MMC reports few surprises in steady quarter
There were few surprises as Marsh & McLennan Companies, Inc (MMC) released a steady set of third quarter last Wednesday (1 November), with consolidated revenues up four percent to $2.9bn on the prior-year period.
06 November 2006
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