Reinsurer
Thomas J. Gallagher to Retire as Vice Chairman and Chief Underwriting Officer of Everest Re Group, Ltd.
Everest Re Group, Ltd. (NYSE: RE) announced today that Thomas J. Gallagher, Vice Chairman and Chief Underwriting Officer, has advised the Company of his...
Hannover Re executes innovative capital market transaction covering facultative risks
Hannover Re has for the first time placed a facultative risk portfolio as part of its extended Insurance-Linked Securities (ILS) activities. Worldwide individual risks...
Swiss Re to urge governments to take a more joined-up approach to managing risk
New forms of public-private partnership, and stronger co-ordination of risk management by government, will help tackle the cost of natural catastrophes, Swiss Re tells Nordic conference
Capital returning to reinsurance market, according to Guy Carpenter
A briefing published today by Guy Carpenter & Company, LLC finds that gains in underwriting and a return of calm to the global financial...
London Reinsurance Brokerage appoints Derek Keating as U.S. Property Specialist
Strengthening its presence in the US property reinsurance market, Towers Perrin has named Derek Keating as an executive director of its London reinsurance brokerage...
Berkshire Seeks New Insurance Customers After Profit
Warren Buffett’s Berkshire Hathaway Inc. is willing to sell more insurance for natural disasters after pulling back on catastrophe coverage earlier this year when...
Aon Benfield Securities Appoints Chris Parry
Aon Benfield Securities, the investment banking division of Aon Benfield, the reinsurance intermediary and capital advisor, announces today that it has hired Chris Parry...
Risk adviser AON to ultra wealthy opens Geneva office
Aon Private Risk Management (APRM), the insurance broker and risk adviser for the ultra high net worth sector, has opened an office in Geneva.
APRM...
RBS Insurance half year results declines
Royal Bank of Scotland Insurance has announced a £83m decline in operating profit to £217m for the first half of 2009
For RBS Insurance, insurance...
Paris Re net income drop 20% for the second quarter of 2009
PARIS RE Holdings Limited announced a net operating income1 of US $59.4 million, or US $0.72 per share, for the second quarter ended June...
Standard Life profit down 35%
Operating profit drop from 500£m (H1 2008) to 346£m (H1 2009).
Cash flow and capital position robust
Core capital and cash generation after tax of £167m...
Brit Insurance appoints Fiona Gibbs as Motor Fleet Underwriter
Brit Insurance Holdings PLC, ("Brit Insurance" or "The Group"), the international general insurance and reinsurance group, today announces the appointment of Fiona Gibbs as...
Zurich announces an increase with USD 1.5 billion quarterly operating profit
Zurich Financial Services Group (Zurich) reported today its 26th straight quarter of profitability and its third consecutive quarter-on-quarter profit increase since the financial crisis...
Aviva reports £747 million profit for the first six months
Aviva reports £747 million profit and Builds Capital Strength and announces news plans for Delta Lloyd
Management actions deliver encouraging results
IFRS profit after tax £747...
Hannover Re reports good results for the first half of 2009
Hannover Re, the German reinsurance, said that net income for the first half of 2009 jumped 66%, as 'positive' effects on life and health...
AXA UK – Life and Savings (H1 2009 results)
AXA UK’s Life and Savings business includes AXA Winterthur Wealth Management, Corporate Pensions, Protection, AXA Distribution Services (which trades through the Wrap platform Elevate)...
AXA UK – Bluefin – independent distribution businesses (H1 2009 results)
Bluefin Advisory Services (BAS) provides financial advice and wealth management and corporate consulting services and won Corporate Adviser Firm of the Year 2009*. Overall...
AXA UK – General and Healthcare Insurance (H1 2009 results)
Total General Insurance and Healthcare - AXA Insurance including Swiftcover, AXA Ireland and AXA PPP - insurance revenues remained flat at £1,866m in H1...
Bermuda-based Lloyd’s insurer Hardy Underwriting announced lower interim results
Financial Highlights
profit before tax and foreign exchange movements £18.7m (2008: £7.3m)
profit before tax of £7.8m (2008: £8.7m)
combined ratio before foreign exchange movements 75.7%...
AXA Group net income for half year 2009 fell 39 percent to 1.32 billion euros
Earnings recovery in 1H09 versus 2H08:
Underlying Earnings: Euro 2,116 million down 26% yoy, up 63% sequentially
Adjusted Earnings: Euro 1,736 million down 50% yoy,...
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