Claims
Argo Q1 net income falls on investment losses
Argo said that first quarter net income fell to $27m from $36.9m this time last year, thanks to realized and unrealized losses on its investment portfolio.
Munich Re says Q1 profits falls 45%, ups estimates
Munich Re, the German reinsurance giant, said that first quarter profit fell 45% to €420m, down from €777m in the earlier quarter.
Run off firm boss confident despite £2.1m fall in profit after tax
Run off specilaist Randall and Quilter has announced a profit before tax of £8.8m (2007: £7.0m) for the 12 months ended 31 December 2008, writes Post Magazine .
Gulf insurers looking to avoid investing in equities - reports
Gulf insurers are looking to avoid investing in local equities, UAE newspaper 'The National' has reported.
BGL affinity arm in senior hire
Junction, the affinity partnerships arm of the BGL Group, has appointed a new financial director, Mark Guttridge.
Boat insurance fraud trebles
Yacht and motorboat insurer Navigators and General, which is part of the Zurich Group, has seen the cost of fraudulent pleasure craft claims more than treble in the first three months of 2009.
Iron-Starr Excess appoints new COO
Iron-Starr Excess Agency Ltd, the joint venture between CV Starr and Ironshore, said it has appointed Michael Warwicker as chief operating officer of Iron-Starr Excess Agency.
Flagstone Re Q1 net income up
Flagstone Re, the Bermudian (re)insurer, said that net income for the first quarter of the year rose to $35.7m from $32.7m the year before.
Hannover Re Q1 net income soars; beats expectations
Hannover Re, the German (re)insurance giant, said that first quarter net income rose by over 42%, to €216.1m from €151.5m over the same period last year.
Travelers Q1 net income drops 32%
Travelers, the US insurance giant, reported first quarter net income dropped 32% to $662m from $967m at the end of the first three months of 2008.
The Hartford reports $1bn loss in Q1
US insurance giant The Hartford continued to struggle, reporting a loss of over $1.02bn in the first three months of the year.
Odyssey Re Q1 net income dwindles
Odyssey Re, the US reinsurer, said that net income fell to $0.9m in the first three months of 2009, down from $249m for the first quarter of 2008.
Transatlantic Re Q1 net income off 35%
Transatlantic Holdings, the US reinsurance giant, said that first quarter net income dropped nearly 35% to $75.2m from $115.7m the year before.
Casting a shadow
Legal: Pleural Plaques
Ren Re confirms Lloyd's syndicate
As revealed by Reinsurance, Bermudian (re)insurer Renaissance Re today said that it has received approval from Lloyd's to establish a new syndicate to be known as RenaissanceRe Syndicate 1458.
Lockton hires exec to run Dubai office
Lockton has said that Salah El Kadiri will join the company as executive director, wo rking in the new Dubai office.
Investment income sends Scor Q1 net income down 30%
Scor, the French reinsurance giant, said that net income for the first three months of the year dropped 30% to €93m, down from €133m.
Munich Re books in monster profit after dumping part of Admiral stake
Munich Re, the German reinsurance giant, said it will add €107m in the second quarter of the year after reducing its stake in UK motor insurer Admiral.
Everest Re Q1 net income rises on debt repurchase gains
Everest Re, the Bermudian (re)insurer, said that first quarter net income rose to $108.6m, down from $77.9m this time last year.
Forex losses help Renaissance Re to Q1 loss
Renaissance Re, the Bermudian (re)insurer, said that net income for the first quarter of the year fell to $97.3m, down from $137.2m in the same period of the year, driven down by exchange rate losses.
Aspen Q1 net income up 13%
Aspen Insurance Holdings, the Bermudian (re)insurer, said that first quarter net income rose nearly 13% to $91.4m, up from $81.2m.
Zurich is first insurer to sign up to new carbon capture initiative
Zurich has become the first insurance company to join the Carbon Capture and Storage Association. CC...
Swine Flu: World Health Organisation raises alert level to five
The World Health Organisation has raised the alert level for swine flu to five - one short of what would be a pandemic.
PI reform 2010 delay
Implementation of the long-awaited Ministry of Justice personal injury reform has been delayed until...