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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
Allianz raises forecasts on strong second quarter
German giant Allianz has upped its 2006 earnings forecasts following a set of strident second quarter figures that include a 64 percent rise in net profit to EUR2.3bn against analysts' consensus of EUR2bn.
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
White Mountains Re reshuffles management
Bermuda-based White Mountains Re has reshuffled its management team, with Chuck Chokel, previously managing director and general auditor at parent White Mountains Insurance Group, appointed...
07 August 2006
XL to centre European reinsurance platform in Dublin
Bermudian giant XL Capital last week (1 August) announced the latest step in a series of organisational changes with plans to develop an integrated European platform for its reinsurance operations.
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
JLT to overhaul pension scheme; margins fall
Jardine Lloyd Thompson Group plc (JLT) plans to overhaul its staff pension scheme in a bid to reduce the £146mn deficit which hangs over the company.
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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