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  • JLT is to establish a separately branded company to focus on business produced from independent retail sources, particularly in the US.
  • Bermudian Max Re today (2 August) announced second quarter earnings below analysts’ expectations as investment income fell short of target.
  • Virginia-based insurer Markel Corporation saw a marginal improvement in earnings per share for the second quarter 2004 as it reported net income per share of $5.99, compared to $5.97 for the same period last year. Combined ratio across the group improved
  • Bermudian headquartered giant ACE reported healthy second quarter figures last Tuesday (27 July) with operating earnings of $380mn, or $1.29 a share, marginally up on consensus analysts’ estimates of $1.25, and 33 percent higher than the $286mn or $1.01 a
  • Ratings agency Fitch has revised its rating outlook for the global reinsurance sector to Stable from Negative.
  • A US court gave a green light last week for a class action lawsuit to proceed against the giant broker Aon over allegations that the firm breached its fiduciary duties by not disclosing hidden commissions.
  • Berkshire Hathaway backed Lloyd’s consolidation vehicle withdraws AIM float after failing to generate sufficient investor interest. The Insurance Insider analyses what went wrong... On a sticky Thursday afternoon in late July, the management and advis
  • Q2 results re-ignite old arguments between Fairfax bulls and bears... Analysts have again drawn sharply opposing conclusions about the liquidity of Canadian financial services holding company Fairfax Holdings after it published its Q2 2004 results.
  • World's largest insurer (by market cap) AIG reported strong second quarter results booking net income up 26 percent on the same period last year on the back of its general insurance and foreign life and pensions operations. Legendary AIG chairman Hank
  • Lloyd's has today (12 August) had its financial strength rating upgraded to "A" (Excellent) from "A-" (Excellent) with a stable outlook by ratings agency AM Best. The agency said the rating, which is now in line with Standard & Poor's "A" rating, refl