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Aviva group sees net income slip 28%

Aviva has recorded a fall in net income of 28% in the first six months of 2004 as a result of a fall in investment income. However, operatoing profit increased on the back of earnings from its general insurance business.

Aspen reports Q2 growth

Aspen Insurance Holdings has reported net income of $80.9m for the three months ended 30 June 2004, bring the company to net income of $165.9m for the first half of 2004.

NU sees 19% growth in net written premiums

In the UK Norwich Union has recorded a 7% increase in net written premiums to £2.7bn and a 19% growth in net written premiums from its direct operation to £434m in the first six months of the year. The company said that better than expected weather…

Aviva's worldwide GI business sees improved operating ratio

Aviva’s worldwide general insurance operations had an excellent start to 2004, according to chief executive officer Richard Harvey, with total operating profit of £613m (2003: £387m) and a combined operating ratio of 97% (2003: 101%) across the group.

S&P issues ratings for Arch Capital

Standard & Poor's Ratings Services (S&P) has assigned its preliminary 'BBB-' senior debt, 'BB+' subordinated debt, and 'BB' preferred stock ratings to Arch Capital’s recently filed $650m universal shelf.

Fitch switches to stable outlook on Generali

Fitch Ratings has changed Assicurazioni Generali SpA's ("Generali") outlook from negative to stable. At the same time, it has affirmed Generali's insurer financial strength (IFS) and the long-term ratings at 'AA' and 'AA-', respectively.

Quanta Capital posts Q2 profit

Bermuda-based Quanta Capital Holdings has reported that its net income for the second quarter of 2004 was $1.8m, the first quarter that the company has reported a profit since it was founded in May 2003.

IIB urges brokers not to sign RSA TOBA

The Institute of Insurance Brokers has now officially recommended that brokers do not sign the Royal & Sun Alliance Terms of Business Agreement as currently issued .

Max Re Capital publishes Q2 figures

Max Re Capital has reported net income for the three months ended June 30, 2004 of $12.6m, down on the $30.8 million it made on the three months ended June 30, 2003.

RBSI reports improved ratio for first six months of 2004

Royal Bank of Scotland Insurance today reported total income was up 89% or £1.1bn to £2.4bn for the first six months of 2004, following the acquisition of Churchill. However, excluding Churchill, RBSI said total income grew by 17%.

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