Reinsurance
Allianz will not renew business in Iran
Hannover Re also says that it conducts reinsurance treaty business in the region but will only continue to do so if it complies strictly with United Nations and European Union sanctions
Validus reports strong profit gain
Validus reported record fourth quarter profits and an increase in profit for 2009.
Argo reports jump in profits
Argo reported full year net income of $117.5m or $3.81 per share up from net income of $62.9m or $2.05 per share, up from $97.6m, or $3.17 per share, in 2008.
Partner Re Global chairman retires
Bruno Meyenhofer, the chairman of PartnerRe Global, has advised the company of his decision to retire at the end of March.
Munich Re pulls out of Iran
Munich Re is stopping business with all insurance companies in Iran due to the political situation in the country.
LeStrange to retire from Endurance CEO position
Founder of the (re)insurer Kenneth LeStrange will retire as the CEO from March but remain as chairman until March 2011.
Axa UK GI earnings dip 63% after £157m fire and weather losses.
Globally, Axa Group reported underlying earnings down 6% to €3854m versus 2008, adjusted earnings down 8% to €3468m and net income up 283% to €3606m (on a comparable basis).
AIG to keep up to $500m of derivatives on balance sheet
AIG is to keep $500m of derivatives from its defunct AIG Financial Products unit, Reuters has reported.
Endurance reports net income rise
Endurance Specialty Holdings reported net income of $154.8m for the fourth quarter of 2009 versus net income of $16.9m for the fourth quarter of 2008.
Platinum Re will have a "challenging" 2010
This year will be a "challenging" one for Platinum Underwriters, the company's chief executive has said.
Swiss Re says capital position "fully restored"
Swiss Re said that it has excess capital of 9bn CHF at 'AA' ratings level, and added that its capital position is 'fully restored'.
Swiss Re says capital position "fully restored"
Swiss Re said that it has excess capital of 9bn CHF at 'AA' ratings level, and added that its capital position is 'fully restored'.
RFIB boss reveals plans to buy but not to float
Lloyd's broker RFIB's new chief executive has told Post he expects it to become acquisitive, but stressed that it has no plans to join the list of intermediaries queuing up to float on the London Stock Exchange.
Haiti reconstruction could cost $14bn
Study from the Inter-American Development Bank claims Haiti earthquake more destructive than any modern natural disaster.
Legal & General urges consumers to consider MPPI protection
Legal & General managing director Peter Graham has urged consumers to consider mortgage payment protection insurance despite the UK’s move out of recession.
Former UN diplomat joins Munich Re board
The Local Court Munich has appointed Dr Ferrero-Waldner to succeed Supervisory Board member Karel Van Miert, who passed away in 2009.
Former UN diplomat joins Munich Re board
The Local Court Munich has appointed Dr Ferrero-Waldner to succeed Supervisory Board member Karel Van Miert, who passed away in 2009.
Arig reports $21.9m profit
Profit in sharp comparison to loss of $28.6m in 2008, driven by the improvement in Arig’s reinsurance book and investment income.
Aon strikes agreement on transparency
Under the agreement, Aon is required to provide, in New York and the other 49 states, compensation disclosure to purchasers of insurance contracts that complies at a minimum with New York State Insurance Department regulations and also with the laws of…
Willis, Aon and Marsh reach agreement with NY insurance superintendent
The new agreement specifically recognizes that brokers met its obligations under the 2005 AOD over the last half decade, and ends many of the requirements imposed by the agreement.
Ascot appoints liability boss
Paul Simpson has 12 years experience in the insurance industry, most recently at Catlin where he was responsible for the marine liability account.
Flagstone Re's reports profits improvement
Flagstone Re's fourth quarter and 2009 results improved, the company said on Wednesday.