News
Non-insurance subsidiary companies of Quinn could be sold off seperately
According to Quinn's administrators the non-insurance subsidiary companies of Quinn Insurance – which could be worth up to half a billion euro – could be sold off as separate entities, the Irish Times has reported.
Validus makes $6.6m operating loss for H1 2010
The Bermudan (re)insurer has recorded an operating loss of $6.6m for the six months ended 30 June 2010, compared with a net operating income of $210.8m for the same period in 2009.
Empty schools at risk of metal theft this summer
Ecclesiastical has warned that this summer holiday British schools are at risk of having valuable lead stripped from their roofs by criminals, causing major damage and leaving the buildings vulnerable to flooding.
Allianz Group operating profit up 22% in H1 2010
Allianz Group has recorded a profit of €3.9bn in the first half of 2010, a €0.7bn increase from the same period in 2009.
RBS Insurance records £253m loss in H1 2010
Royal Bank of Scotland's financial results show its insurance business in the first six months of 2010 was adversely impacted by a significant increase in bodily injury reserving, including adding £241m to reserves relating to prior years. In total RBSI…
Catlin profits fall $154m in 2010 H1 results
Catlin Group has posted a pre-tax profit of $86m in its half year results, (H1 2009: $240m), as the insurer recorded a combined operating ratio of 97%.
Allianz Group operating profit up 22% in H1 2010
Allianz Group has recorded a profit of €3.9bn in the first half of 2010, a €0.7bn increase from the same period in 2009.
Generali profits rise 73.2% in H1 2010 result
Generali has reported net profit up to € 873m (+73.2%) for the first half of 2010, with premiums at more than € 38 billion (+9.1%).
Generali profits rise 73.2% in H1 2010 result
Generali has reported net profit up to € 873m (+73.2%) for the first half of 2010, with premiums at more than € 38 billion (+9.1%).
Aviva GI CEO: motor rises to continue
Customers can expect motor insurance premium rates to continue rising as a result of sustained inflation in claims costs, Aviva general insurance chief executive David McMillan has said.
PartnerRe income plummets
PartnerRe reported net income of $190.9m, or $2.31 per share on a fully diluted basis for the second quarter of 2010. Net income for the second quarter of 2009 was $474.3m.
Delta Lloyd Group H1 2010 results show profit of €1069m
The Dutch financial services group, which has lines in banking, life insurance, general insurance, health insurance and mortgages across its portfolio, has reported a strong first half profit for H1 2010.
Delta Lloyd Group H1 2010 results show profit of €1069m
The Dutch financial services group, which has lines in banking, life insurance, general insurance, health insurance and mortgages across its portfolio, has reported a strong first half profit for H1 2010.
Swiss Re reports Q2 2010 profit following previous year's loss
Swiss Re recorded net income of $812m for the second quarter of 2010 despite what it described as "challenging market environment".
Co-op selects SSP’s Insure
The Co-operative Insurance has contracted with SSP to deploy its Insure suite of components.
Autofocus snapped up days after going into administration
SG Consultancy has today announced the purchase of spot hire rate evidence providers Autofocus, following the company entering into administration.
Zurich H1 2010 result shows 20% drop in GI profit to $1.4bn
Zurich has reported general Insurance operating profit fell 20% to $1.377bn (H1 2009: $1.714bn) in the first half of the year.
Novae H1 2010 results reveal 50% bounce in investment returns
Novae Group's interim results have been boosted by strong investment returns.
Zurich appoints chief administrative officer
Zurich has announced the appointment of Christian Orator as chief administrative officer and member of the group executive committee.
Lancashire shrinks property book by 35.4% in Q2 2010 results
Lancashire Holdings this morning reported a fall in gross written premium, net written premium and net operating profit to $232.1m in the first half of 2010 to $232.1m (H1 2009: $241.9m), $218m (H1 2009: $238.7m) and $77.8m (H1 2009: $103.3m)…
Howden appoints legal panel
Howden has created a panel of law firms to provide a range of legal services to its surveying clients.
Hardy profit nosedives in first half results
Hardy Underwriting Bermuda's profit before tax has fallen to £0.8m (H1 2009: £7.8m) after it was hit by a string of catastrophic events.
Zurich H1 2010 result shows 20% drop in GI profit to $1.4bn
Zurich has reported general Insurance operating profit fell 20% to $1.377bn (H1 2009: $1.714bn) in the first half of the year.
JLT head hails satellite "coup" in contract win with Marsh
JLT Aerospace has been appointed by ARABSAT to develop a bespoke insurance programme for a multi-satellite launch programme in conjunction with Marsh.