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  • An improved performance in the property and casualty division fuelled a 16 percent rise in net income at Swiss Re, when it announced its half-year profits of SFr1.6bn on 4 August.
  • An improved performance in the property and casualty division fuelled a 16 percent rise in net income at Swiss Re, when it announced its half-year profits of SFr1.6bn today (4 August).
  • US insurer HCC Insurance Holdings reported "record" results yesterday (3 August) at the same time announcing its latest acquisition, the medical insurance division of Allianz Life.
  • 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.
  • Aon Corp was the last of the three global brokers to report its second quarter results this week and they were perhaps the least remarkable.
  • 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.
  • John Charman, the former Lloyd’s deputy chairman and founding president of AXIS Capital, has been ordered to pay his ex-wife £48mn in their divorce settlement.
  • Strong growth from reinsurance was again 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.
  • German reinsurer Munich Re announced half-year profits of EUR2.1bn today (3 August), a leap of 143 percent from last year, driven by both strong underwriting and investment returns.
  • The continuing popularity of reinsurance securitisations was reflected this week with news that Bermudian (re)insurer Endurance Specialty Insurance has acquired $235mn of multi-year, collateralised US natural catastrophe reinsurance cover from...