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Renaissance Re continues to outperform
High performance Bermudian outfit Renaissance Re smashed analysts’ consensus estimates for the second quarter as it reported operating earnings per share of $2.00, against a projected $1.65, driven by strong underwriting results and favourable reserve dev
02 August 2004
Chubb beats expectations, raises 2004 estimates
US (re)insurer Chubb announced estimate beating results last Tuesday, with second quarter net income up 41 percent to $356.1mn, and net income per share up 28 percent to $1.85.
02 August 2004
Arch on the rise
Bermudian Arch Capital announced strong second quarter results last Thursday (29 July), booking net income for the second quarter of $104.3mn, or $1.42 a share, against $61.8mn, or $0.91 a share for the comparable quarter last year.
02 August 2004
AM Best sees ‘modest improvement’ in UK underwriting
In its initial review of the aggregate statistics of the UK non-life primary market Ratings agency AM Best has said that, as expected, 2003 saw a modest continuation of the improvement in underwriting results seen since 2000. According to company regulato
02 August 2004
Montpelier outperforms; Tony Taylor commits
Bermudian “class of 2001” reinsurer Montpelier Re announced another strong set of quarterly results last Tuesday (27 July), and revealed that chairman, president and CEO Tony Taylor’s tenure will be extended for a further three years up to the end of 2007
02 August 2004
R&SA sells UK life arm to Resolution
Royal & Sun Alliance completed its exit of UK life business by selling its closed operations to the “vulture fund” Resolution Life for some £850mn.
02 August 2004
Aon sets sporting challenge with SBJ swoop
Aon is set to challenge SBJ’s traditional hegemony for UK professional sports insurance after swooping to recruit two of its brokers.
02 August 2004
Willis looks east with Japan office
Broker Willis Group Holdings has announced the launch of its Japan Global Retail Practice Group.
02 August 2004
JLT rebrands following Capital Risk’s success
JLT is to establish a separately branded company to focus on business produced from independent retail sources, particularly in the US.
02 August 2004
Max Re earnings held back by alternative investment return
Bermudian Max Re today (2 August) announced second quarter earnings below analysts’ expectations as investment income fell short of target.
02 August 2004
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