Company results
Admiral CEO bullish despite Confused turnover decreasing 5% in Q1
Henry Engelhardt, Admiral chief executive, this morning said his business had "continued to grow and prosper in the last three months".
W R Berkley swings to Q1 profit
W R Berkley has reported net income for the first quarter of 2010 of $119 compared with a loss of $20m for the first quarter of 2009.
RGA's Q1 operating profit up 38%
Reinsurance Group of America reports rise in quarterly operating profit, helped by a 21% growth in net premiums earned.
Axis reports drop in net income
Axis Capital has reported a first quarter net income available to common shareholders of $112m, compared with net income of $116m for the first quarter of 2009 as a result of catastrophe losses.
Arch reports Q1 premium declines
Arch Capital reported a decline in revenue and reduced underwriting profitability in the first quarter of 2010.
Qatar Insurance Q1 profit rises 2.1% to $59m
Middle Eastern insurer sees profits and underwriting income grow, but gross premiums fall in the first quarter of 2010.
BPO firm expects to see growth in second half of 2010
Xchanging, the business processing company, today said it expected growth to be weighted towards the second half of 2010 due to the time it takes to conclude deals in its markets, including the London insurance market.
Lloyds content despite fall in new insurance sales
Lloyds Banking Group has reported new insurance sales are modestly lower than the equivalent period of last year.
Chartis CEO scans Europe for possible HQ location
Lex Baugh, president and chief executive of Chartis Europe Holdings, has refused to rule out any insurance centre on the continent as a possible headquarters for the newly established group.
CII revenues rise
The Chartered Insurance Institute has reported a 7% increase in overall revenues to £32.3m in 2009 (2008: £30.3m).
Chartis UK profit falls £241m
Chartis UK full year results for 2009 show the insurer has posted a reduced profit before tax of £83m, down from 2008’s result (excluding restructure) of £324.3m.
Generali appoints chairman and chief exec
Generali, the largest Italian insurer, has named Cesare Geronzi, the outgoing chairman of its largest shareholder, Mediobanca, as its new chairman and Giovanni Perissinotto as its sole chief executive.
India life insurance market grows 25%
According to the Insurance Regulatory and Development Authority in India, life insurers in the country have posted 25% growth in new premium income for the financial year ended 31 March.
Generali appoints chairman and chief exec
Generali, the largest Italian insurer, has named Cesare Geronzi, the outgoing chairman of its largest shareholder, Mediobanca, as its new chairman and Giovanni Perissinotto as its sole chief executive.
Travelers Q1 profit hit by cat claims
US property insurer’s first-quarter profit dropped 2.3% as the cost of its catastrophe claims increased more than fivefold.
Singapore Re in Q1 results jump
Singapore Reinsurance has posted an 80% jump for its first quarter net profit to S$3.6m.
Platinum reports Q1 results slump
Platinum Underwriters' first-quarter profit fell 82% on lower earned premiums.
Brown & Brown Q1 profit down 8%
US (re)insurance broker Brown & Brown has reported a quarterly profit that narrowly beat market estimates, helped by low expenses.
China Pacific 2009 profit soars
China Pacific Insurance, China’s third-biggest insurer, said profit almost tripled last year after a rally in the domestic stock market lifted investment returns.
Carole Nash takes £629 000 legal costs hit
Carole Nash's 2009 results were hit by costs arising from a legal dispute with a third party.
Quinn planned to reduce UK broker panel before Regulator stepped in
Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
Quinn planned to reduce UK broker panel before Regulator stepped in
Quinn Insurance wrote to brokers outlining plans to grow its UK business days before the insurance group was banned from writing any new business there, according to reports this morning.
Berkshire Hathaway insurance profits may fall – Barclays
Warren Buffett’s Berkshire Hathaway may post declining returns on equity through next year on reduced insurance earnings, said Jay Gelb, an analyst at Barclays.
LV GI division returns to profit
LV has announced a general insurance profit of £7m despite a wider group loss at the of more than £90m for 2009.