Reinsurance
JLT restructures UK business to capitalise on new MGA unit
News comes as broker reported a 14% rise in fees and commissions to £612.9m (2008: £536.1m) and a 28% jump in underlying profit excluding exceptional items to £97.1m (2008: £76.2m).
Buffett to pay out $30m if France wins football world cup
Warren Buffett has said Berkshire Hathaway sold insurance that will require his company to pay out if France wins the World Cup this year.
IRB earnings up 2.67%
Brazilian reinsurer increases earnings in 2009 despite drops in premiums, market share and its investment income.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
40 killed in Europe windstorm
Northern and western France and parts of Germany have been battered by a severe windstorm in the last 48 hours that has caused at least 40 deaths.
Berkshire Hathaway net income jumps
Berkshire Hathaway's fourth quarter and yearly net income increased.
Earthquake claims more than 700 lives
A major earthquake measuring 8.8 magnitude off the the cost of southern Chile has killed at least 700 people and caused economic damage of up to $30bn (£19.8bn).
Strong London market performance helps Hiscox treble profits
Hiscox has reported gross premiums written £1.44bn (2008: £1.15bn) and pre-tax profit of £320.6m (£105.2m).
Strong London market performance helps Hiscox treble profits
Hiscox has reported gross premiums written £1.44bn (2008: £1.15bn) and pre-tax profit of £320.6m (£105.2m).
Hannover Re secures $500m letter of credit
Hannover Re has concluded a long-term letter of credit facility with Deutsche Bank to facilitate “growth opportunities.”
Amlin results show record profit
Profits at Amlin up by over £370m from 2008. However, group results padded by £174.1m reserve releases.
Amlin results show record profit
Profits at Amlin up by over £370m from 2008. However, group results padded by £174.1m reserve releases.
Chilean earthqauke may cost $15-30bn, says Eqecat
The earthquake that struck offshore of Southern Chile could cost $15-30bn, according to risk modelling firm Eqecat.
AIG shares down 8% after reporting heavy losses
Shares in AIG were down 8% in mid-morning trade on the New York Stock Exchange after the beleagured insurer reported a net loss of $8.9bn in the fourth quarter of 2009.
Brit finance director to stand down
Brit Insurance finance director Matthew Scales will step down from his role within the next 12 months.
Lloyd’s welcomes Geneva Association findings
Specialist insurance market Lloyd’s has backed the findings of the Geneva Association’s Systemic Risk in Insurance report.
Lloyd’s welcomes Geneva Association findings
Specialist insurance market Lloyd’s has backed the findings of the Geneva Association’s Systemic Risk in Insurance report.
QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
QBE Europe profits dip on back of increased claims
The business reported a rise in incurred claims to A$2.01bn (2008: A$1.76bn), whilst its expenses reduced to A$426m (2008: A$483m).
Geneva Association: Insurers not a systemic risk
Insurers and reinsurers do not carry the systemic risks of other financial intuitions, insurance think tank Geneva Association has claimed in its latest report.
Geneva Association: Insurers not a systemic risk
Insurers and reinsurers do not carry the systemic risks of other financial intuitions, insurance think tank Geneva Association has claimed in its latest report.
Lancashire net profits rise despite fall in premiums
Lancashire's net profits rose in the fourth quarter and in 2009 despite a fall in gross written premiums during the periods.
Reinsurance launches the Bermuda Reinsurance Club
The first half day seminar to be held in Bermuda on March 17th
Price Forbes Fac brokers leave - sources
Four facultative reinsurance brokers have left Price Forbes amid rumours that it is closing its facultative reinsurance broking team, Reinsurance has learned.