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TSR predicts active hurricane season
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.
15 August 2005
Joint venture takes Cooper Gay into US
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.
15 August 2005
Allianz buoyed by banking profit
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.
15 August 2005
Reeth in sudden departure from Willis
George P Reeth, president of Willis North America has resigned with immediate effect, The Insurance Insider can reveal.
10 August 2005
Converium reaffirms $2bn premium target for '05
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.
10 August 2005
Greenberg hits out at new AIG management over restated results
The legal team of former AIG CEO Maurice "Hank" Greenberg has published a "white paper" critiquing the company's restatement of its 2004 results.
10 August 2005
US P/C sector shows its strength
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 :
10 August 2005
Bermuda: earnings stay strong
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...
10 August 2005
Lloyd's finance director confirms levy increase plans
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.
10 August 2005
Aon UK to take brunt of sweeping job cuts
Aon set to follow MMC in announcing widespread cost-cutting measures to adapt to post-Spitzer world
10 August 2005
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