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Reinsurance

MMC consolidated revenue up 5%

Marsh & McLennan Companies, the owner of insurance broker Marsh and reinsurance broker Guy Carpenter,said that consolidated revenue for the third quarter was $2.8bn, up 5% from the third quarter of 2007.

Hannover Re swings to Q3 loss

Hannover Re reported that its third quarter results swung to a loss this year, hammered by catastrophe losses and a dreadful investment environment.

XL reports Q3 net loss of $1.65-1.67bn

XL, the Bermudian (re)insurer, reported third quarter net losses of $1.65-1.67bn, hit by its previously-reported charge of $1.4bn related to the seperation of the company from its beleagured credit insurer, SCA.

Hannover Re core operations recognised by S&P

Ratings agency Standard & Poor's has assigned its 'AA-' counterparty credit and insurer financial strength ratings to five foreign life and health reinsurance subsidiaries of Germany-based reinsurer Hannover Re; AA-/Stable/--): Hannover Life Reassurance…

Recruitment moves

AIG's acting chief financial officer Steven Bensinger has resigned, with David Herzog taking his pla...

Giving peace a chance

Andrew Appel, chief executive at Aon Re, talks to Alexander Ferguson about taking on the top job, what he's expecting out of the Benfield deal, and giving peace a chance

Investment losses

(Re)insurance companies have seen their investment income dive over the third quarter of 2008 compar...

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