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AXA produces 'strong first half'
French giant AXA said it had produced a "strong first half" performance with underlying earnings up 19 percent to EUR2.1bn.
07 August 2006
Lancashire launches Sirocco sidecar
"Class of 2005" start-up Lancashire Holdings Ltd has invested $20mn in a new Bermudian sidecar operation named Sirocco Re, it announced today (7 August).
07 August 2006
Munich Re profits leaps to EUR2.1bn; S&P upgrade more likely
German reinsurer Munich Re announced half-year profits of EUR2.1bn on 3 August, a leap of 143 percent from last year, driven by both strong underwriting and investment returns.
07 August 2006
Berkshire Hathaway's cat business leaps; $245mn boost to loss reserves
Berkshire Hathaway more than doubled its reinsurance business in the first half of 2006 as it exploited the capacity crunch felt for US property catastrophe business.
07 August 2006
Lancashire benefits from benign first-half
“Class of 2005” start-up Lancashire Holdings Ltd has benefited from low claims during a benign first-half of 2006 to report net income of $39.3mn today (7 August).
07 August 2006
Lebanese conflict hits London cargo rates
The conflict in Lebanon has prompted London market cargo underwriters to increase additional premiums by as much as triple on shipments to Israel, according to Aon Corp.
07 August 2006
HCC reports 'record' results; acquires Allianz Life division
US insurer HCC Insurance Holdings reported "record" results on 3 August and at the same time announced its latest acquisition, the medical insurance division of Allianz Life.
07 August 2006
Reinsurance drives solid Willis results; $1bn share buy-back
Willis Group Holdings threw down the gauntlet to rivals MMC and Aon Corp with a solid quarter that included a ten percent organic growth in revenues and details of a new $1bn share buyback programme.
07 August 2006
Aon shares fall after flat second quarter
Aon Corp was the last of the three global brokers to report its second quarter results last week and they were perhaps the least remarkable.
07 August 2006
MMC blames Europe for broking revenue fall
Strong growth from reinsurance was a key positive from MMC's second quarter results, but overall broking revenues were down on falling insurance rates and loss of clients in its European operations.
07 August 2006
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