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Converium continues on road to recovery
Swiss reinsurer Converium continues its recovery with another improved quarterly performance, reporting net income of $62.5mn today (8 August), compared with $46.9mn in the prior-year period.
08 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
R&SA completes Irish deal
UK general insurer Royal & SunAlliance (R&SA) announced last week (1 August) the cash acquisition of Irish insurer EGI Holdings Limited for EUR25.3mn (£17.3mn), subject to regulatory approval.
07 August 2006
Sinclair appointed president and COO at Aspen
Aspen Insurance Holdings Limited today (7 August) announced the appointment of Stuart Sinclair as its president and chief operating officer.
07 August 2006
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
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