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PL reserve improvement aids Chubb
Helped by a 6 percent increase in net premiums written to $3.1bn, US insurer Chubb saw operating profits rise to $461mn, or $2.28 per share, from $341mn, or $1.77 a share, for the year earlier period.
01 August 2005
Montpelier weathers storm losses
Montpelier Re Holdings Ltd has reported net income of $108.7mn, or $1.62 diluted earnings per share, for the three months to June 30, 2005 and net income of $183.2mn, or $2.72 diluted earnings per share, for the half of 2005
01 August 2005
Everest Re operating earnings plateau
Everest Re reported stable second quarter operating income last week (25 July), earning $173.3mn or $3.03 a share, compared to $174.4mn or $3.07 a share in the prior-year-period.
01 August 2005
ACE reins in on back of softening rates
Hamilton headquartered reinsurance giant ACE came out ahead of consensus to book a 13 percent increase in operating profit to $443mn, or $1.50 per share, in its latest set of quarterly results. This compared with operating profits of $391mn, or $1.33 per
01 August 2005
Stewart Smith sale boosts Willis results
But filings reveal extent of contingent commission loss
01 August 2005
Willis employees lured by Integro
Start-up broking outfit Integro continued its roll-call of new employees this week, announcing the appointment of John Zaffino, John (Jack) Green, and Gregory Sinnott from rival Willis to its New York office.
01 August 2005
Room Solutions puts up 'for sale' sign
Leading Lloyd's IT provider Room Solutions is looking for a buyer, Insider Week can reveal.
01 August 2005
Investment gains for STA
A benign quarter for catastrophes and strong investment returns has helped propel US insurer St Paul Travelers (STA) to a record second quarter profit of £1.07bn.
01 August 2005
PXRE posts strong performance
Bermudian reinsurer PXRE has announced growth in net income to $43.5mn, or $1.30 per diluted share, compared to $32.3mn, or $1.20 per diluted share, in the second quarter of 2004.
01 August 2005
IPC Re optimistic on cat conditions
Property catastrophe specialist IPC Re last week (26 July) reported net income of $64.1mn or $1.32 a share, down on the $74.1mn or $1.53 a share booked in the second quarter of 2004.
01 August 2005
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