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  • Tropical Storm Risk (TSR), the consortium of experts on insurance, risk management and seasonal climate forecasting, today (15 August) increased its forecast for Atlantic hurricane activity in 2005 by 30 percent.
  • The London-based Cooper Gay Group have teamed up with Michael W Cashman to form a new reinsurance brokerage firm that will focus on the North American Treaty Reinsurance Brokerage market, Cooper, Gay and Cashman.
  • German insurer Allianz AG announced a strong Q2 group profit last week after being boosted by a much-improved performance from its troubled banking arm.
  • George P Reeth, president of Willis North America has resigned with immediate effect, The Insurance Insider can reveal.
  • Swiss reinsurer Converium came out ahead of expectations on 9 August to post a second quarter net profit of $70.8mn, as against a net loss of US$ 660.0mn in the same period of 2004.
  • The legal team of former AIG CEO Maurice "Hank" Greenberg has published a "white paper" critiquing the company's restatement of its 2004 results.
  • Allmerica double profits : Benign loss history bolsters Allstate in Q2 : PL reserve improvement aids Chubb : Net income up 38% at HCC : Markel profits up despite falling premiums : Investment gains for STA : Strong Q2 for WR Berkley :
  • ACE reigns in on back of softening rates : Arch earnings rise on investments : Aspen Re continues growth : Axis powers ahead : Endurance shows staying power : Everest Re operating earnings plateau : IPC Re optimistic on cat conditions, et al...
  • Lloyd's has warned its franchisees to expect the Central Fund levy to double next year from a current 0.5 percent of capacity to 1 percent as the Society looks to bolster its financial strength.
  • Aon set to follow MMC in announcing widespread cost-cutting measures to adapt to post-Spitzer world