Energy
Retail expansion key as Hiscox remains cautious
Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.
Hiscox profit falls to £97.2m in H1 but ready for "surge" in growth
Hiscox this morning reported a profit before tax of £97.2m for the first six months of 2010 (H1 2009: £141.4m) on gross premiums written of £904.3m (H1 2009: £906.0m).
QBE Europe H1 profits increase to $222m
QBE Europe reported a pre-tax insurance profit of $222m (H1 2009: $213M). Its gross written premium for the first half of 2010 was up 8% to US$2.412bn (2009 US$2.228bn).
QBE Europe H1 profits increase to $222m
QBE Europe reported a pre-tax insurance profit of $222m (H1 2009: $213M). Its gross written premium for the first half of 2010 was up 8% to US$2.412bn (2009 US$2.228bn).
Hannover Re profits hit by major losses in H1 2010 results
Hannover Re has reported that it booked gross written premium totalling €5.7bn as at 30 June 2010, an increase of 8.2% relative to the corresponding period of the previous year.
Hannover Re profits hit by major losses in H1 2010 results
Hannover Re has reported that it booked gross written premium totalling €5.7bn as at 30 June 2010, an increase of 8.2% relative to the corresponding period of the previous year.
Deepwater Horizon prompts Catlin offshore energy u-turn
Catlin Group has reversed its decision to withdraw from the offshore energy market as the Deepwater Horizon disaster has caused rates to turn.
Markel International profits hit by major losses in H1 2010
Markel International reported gross written premiums of $395.3m for the six months to 30 June 2010, compared to $358.1m for the first half of 2009.
AIG Q2 2010 results reveal losses
AIG has reported a net loss attributable to AIG of $2.7bn for the second quarter of 2010, compared to $1.8bn in the second quarter of 2009.
View from the top – The right sustainability
Regulatory change, consumer choice and corporate responsibility are all driving business attitudes towards improved environmental performance, with smart sustainability strategies increasingly being seen as ‘sensible’ business practice.
Swiss Re reports Q2 2010 profit following previous year's loss
Swiss Re recorded net income of $812m for the second quarter of 2010 despite what it described as "challenging market environment".
Lancashire shrinks property book by 35.4% in Q2 2010 results
Lancashire Holdings this morning reported a fall in gross written premium, net written premium and net operating profit to $232.1m in the first half of 2010 to $232.1m (H1 2009: $241.9m), $218m (H1 2009: $238.7m) and $77.8m (H1 2009: $103.3m)…
Power market shows softening environment
According to the latest Power Market Review from Willis, insurance rates in the power sector are expected to soften further in 2010, despite the existence of many of the conditions that would normally presage a hardening market.
Munich Re records €709m profit in Q2 2010
Munich Re has achieved a consolidated profit of €709m (Q2 2009: €697m) in the second quarter of 2010.
Munich Re records €709m profit in Q2 2010
Munich Re has achieved a consolidated profit of €709m (Q2 2009: €697m) in the second quarter of 2010.
Engineering - air conditioning: Keeping it cool
With air conditioning no longer a novelty in the UK, Thomas Howe argues more care needs to be taken over refrigeration issues.
RSA on track to double book
Mark Christer, managing director of More Than, has taken over RSA's global renewable energy book.
Gallagher International announces latest acquisition, SBA
Gallagher International has acquired Australia-based natural resources risk management provider Specialised Broking Associates for an undisclosed sum.
Deepwater impact on rates "modest"
Major losses in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as Hurricane Katrina, according to Marsh.
Beazley gives warningover energy rate spike
Worldwide energy insurance rates will continue to harden in 2010 due to the Deepwater Horizon oil disaster, with a further spike possible at the reinsurance renewal season, Beazley has claimed.
Marsh appoints new claims leader
Marsh has appointed Martin Clark as its global energy practice claims leader. Based in London, Mr Clark will have overall responsibility for managing the claims of Marsh’s energy clients worldwide.
Transatlantic Holdings records fall in income
Transatlantic Holdings has recorded a second quarter net income of $111m, or $1.70 per common share (diluted), compared to $112m, or $1.68 per common share (diluted), for the same quarter last year. It saw a $14m hit from the Deepwater Horizon explosion.
Scor reports 19% growth at treaty renewals
P&C and specialty treaty renewals at end of June have resulted in premium growth of 19% at constant exchange rates, whilst fully respecting the technical underwriting profitability criteria.
JLT strikes Euro alliance with three continental powerhouses
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.