Reinsurance
Validus sees GWP rise
Validus, the Bermudian reinsurer, said gross premiums written for the first half of the year increas...
Reinsurer sees profit dip
Munich Re has reported a drop of first half profits of nearly 35%, impacted by decreasing insurance ...
The final blow
Mapping and Modelling: Hurricanes
Hannover profit down 14%
Hannover Re said first half operating profit fell by more than 14% to EUR400.2m (£313.4m), down from...
Berkshire's earnings fall
Berkshire Hathaway has reported net earnings of $2.88bn (£1.5bn) in the second quarter of 2008, comp...
Broker revenues up
Marsh and McLennan's risk and insurance businesses recorded revenue of $1.4bn (£736m) in the second ...
Appointment at Aegis
Aegis London has made two appointments: Ruth Kenworthy, hired as internal audit and risk officer; an...
Benfield revenues down 4%
Benfield Group has reported revenue down 4% to £233m for the first six month of the year compared to...
Former Arch CEO to head White Mountains Re in Bermuda
Dwight Evans will become president and chief executive officer of White Mountains Re's Bermuda-based subsidiary, White Mountains Re Underwriting Services Ltd, subject to the approval of Bermuda's immigration authorities.
Prudential settles “sham reinsurance” lawsuit with SEC
Prudential Financial has agreed to settle a lawsuit by the US Securities and Exchange Commission alleging that it improperly reported more than $200m in income through sham reinsurance contracts with General Reinsurance Corp.
Berkshire Hathaway earnings drop 7.6%
Berkshire Hathaway has reported net earnings of $2.88bn in the second quarter of 2008, compared to earnings of $3.12bn in the second quarter of 2007.
AIG CEO won't rule out capital raise as shares plummet
(BESTWIRE) As they announced a third consecutive quarterly loss, the leadership at AIG would not rule out the possibility of a capital raise during a conference call to discuss the company’s second-quarter earnings Reinsurance reports.
Talbot addition helps Validus H1 net income soar
Validus, the Bermudian reinsurer, said that second quarter net income rose to $75.9m, compared with $70.8m in the sme period of 2007. Net income for the first half of the year was $142.4m, compared with $127.5m for the corresponding period in 2007.
Moody's gives A3 IFS rating to Validus Re
Moody's Investors Service has assigned an A3 insurance financial strength (IFS) rating to Bermuda-based reinsurer Validus Re.
Risk managers may have to adjust strategy after credit crunch havoc
Insurers and reinsurers may have to adjust their risk strategy in the coming months as investment gains are unlikely to provide the buffer on which some companies have relied on for their earnings, according to Guy Carpenter.
Pehrson joins Aon Re Global
As revealed by Reinsurance Magazine in early July , Christer Pehrson has left his post as managing director of Guy Carpenter in New York to join Aon Re Global as executive director.
Hannover Re's H1 operating profit down over 14% after €130m charge
Hannover Re, the Germany-based reinsurance giant, said that first half operating profit fell by over 14% to €400.2m, down from €467.7m after taking a €130.3m writedown on securities.
AIG chief says "lot of work to do" after compay post $5.4bn Q2 net loss
AIG chief executive Robert Willumstad has admitted that the company has a “lot of work to do” to restore it to its former glory after it reported net losses of $5.4bn in the second quarter.
Benfield H1 pretax profits fall 5%
Benfield, the world’s fourth-biggest reinsurance broker, said that first half pretax profits fell 5% to £87.7m from £92.3m in the corresponding period of 2007.
Benfield profits down 5%
Benfield Group has reported revenue down 4% to £233m for the first six month of the year compared to the same period last year.
Analysts cheer Aspen
Aspen Insurance Holdings' second quarter net income rose 11% to $126.9m (£64.8m) from $114.7m this t...
Lancashire GWP shrinks
Lancashire has reported gross written premium of $383.4m (£196.7m) and a combined ratio of 66.4% for...
Appointment at Willis
Willis Group Holdings has appointed Jonathan Prinn as managing director for strategic carrier relati...
$540m goodwill charge sends MMC to $145m net loss in H2
Marsh and McLennan, the financial services company that owns Marsh and reinsurance broker Guy Carpenter, said a goodwill charge of $540m sent it into a net loss of $145m in the first six months of the year, compared with net income of $445m last year.