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PB Week: An earthquake and results season

With reports that the earthquake which struck the UK in the early hours of Wednesday morning will cost insurers at least £10m, Charlie Thomas asks: “Did anyone else miss the big shake?”

Best maintains stable 2008 reinsurance outlook

Rating agency AM Best is maintaining a stable outlook in 2008 for the global reinsurance sector for the second consecutive year. Best said the affirmation of the sector’s outlook reflects generally strong balance sheets, continued improvements in…

Norwich Union NWP falls 3%

Aviva this morning reported its UK general insurance business reported a total operating profit of £433m (2006: £1.1bn) including a contribution of £53m (2006: £37m) from its captive reinsurance operations and health business.

RBSI reports 9% slump in operating profit

Royal Bank of Scotland Insurance this morning reported a 9% decline in operating profit to £683m on stable income of £5.6bn. The insurance group was impacted to the tune of £274m by the floods.

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