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  • Giant insurer Zurich Financial Services Group (ZFS) reported a strong set of half-year results last Thursday (18 August), prompting ratings agency Fitch to upgrade its financial strength ratings from “A” to “A+”.
  • Recently quoted Lloyd’s insurer Omega Underwriting Holdings Ltd forecast last week that it would make 10-15 percent profit on a capacity of £152mn for 2003.
  • Amlin predicts strong first half year Shares in Lloyd’s insurer Amlin Plc rose sharply on 17 August after the company released a better-than-expected trading statement.
  • GoshawK – the parent company of Bermudian reinsurer Rosemont Re - issued a profits warning today as exposures from recent catastrophe losses continue to grow.
  • 49-year-old Spiller will begin his new role on 1 January 2005, he will be based in New York and report directly to Guy Carpenter chairman and CEO, Sal Zaffino.
  • Specialist insurance services organisation Axiom Consulting has agreed a major deal to supply an outsourced accounting facility to London-based insurer Canopius.
  • Royal & Sun Alliance (R&SA) continued its positive 2005 last week, posting IFRS net profits for the half-year of £195mn, more than double the £82mn posted for the same period in 2004.
  • Second quarter net profit was up 6 percent at German reinsurer Hannover Re as the firm benefited from increased earnings on premiums, lower taxes and less claims related to natural disasters.
  • George P Reeth, president of Willis North America has resigned with immediate effect.
  • The Cypriot jet that crashed in Greece Sunday (14 August) morning was insured in the London market for an estimated $30mn.