Company results
Munich Re raises year end profit forecast by €400m
Munich Re is now predicting a higher consolidated result for 2010 than previously expected: following a profit of €1.955 bn for the first nine months of 2010 (same period last year: €1.784 bn).
Munich Re raises year end profit forecast by €400m
Munich Re is now predicting a higher consolidated result for 2010 than previously expected: following a profit of €1.955 bn for the first nine months of 2010 (same period last year: €1.784 bn).
Chartis sees COR improve to 99.3% in Q3 2010, as AIG records $2.4bn loss
Chartis’ third quarter 2010 operating income before net realised capital gains (losses) was $1.1 bn compared to $719 m in the third quarter of 2009.
Markel International combined ratio slips to 99% following H1 losses
Markel International has reported gross written premiums of $574.0 m for the nine months to 30 September 2010, compared to $510.0 m for the same period in 2009.
Lancashire reduces property and energy exposure in Q3 results
Lancashire Holdings has seen an increase in gross written premium for the nine months ended 30 September 2010 to $595.1 m (Q3: $524.4 m).
RBSI boss pleased with progress during "an important quarter"
Royal Bank of Scotland Insurance CEO Paul Geddes has hailed the three months to 30 September as "an important quarter" in which "progress" has been made.
Scor heralds "strong technical result" in third quarter 2010
Scor has recorded net income of Euro 111m, up 18.2% compared to the third quarter 2009 (Euro 94m).
Scor heralds "strong technical result" in third quarter 2010
Scor has recorded net income of Euro 111m, up 18.2% compared to the third quarter 2009 (Euro 94m).
RBS Insurance ramps up claims reserves by a further £100m in Q3
RBS Insurance today said it had set aside a further £100m for bodily injury claims reserves, largely relating to periodic payment orders. This follows the £320m established in respect of bodily injury in quarter two by the owner of Direct Line and…
Crawford back into profit in Q3 compared to 2009
Crawford & Company today reported that in the third quarter 2010 revenues before reimbursements for the international operations segment increased 4.1% to $105.7m from $101.5m for the same period in 2009.
Swiss Re almost doubles Q3 profit and terminates Berkshire Hathaway loan
Swiss Re reported third-quarter net income of $618m, compared to $314m in the prior-year period.
Zurich reports 22% decrease in GI profit in 2010 Q3 results
Zurich this morning reported a business operating profit within general insurance of £2bn, a reduction of 22%.
Zurich reports 22% decrease in GI profit in 2010 Q3 results
Zurich this morning reported a business operating profit within general insurance of £2bn, a reduction of 22%.
RSA expects year end UK NWP to be up 10% after Q3 results
RSA this morning reported net written premiums for the nine months to 30 September 2010 of £5.531bn, an increase of 10% (7% at constant exchange) compared with the same period in 2009.
RSA expects year end UK NWP to be up 10% after Q3 results
RSA this morning reported net written premiums for the nine months to 30 September 2010 of £5.531bn, an increase of 10% (7% at constant exchange) compared with the same period in 2009.
BP Marsh seeks to expand broking portfolio with loan
Venture capital firm BP Marsh is poised to grow its insurance interests, after agreeing a £4.3m loan with its directors.
McMillan: 'hard yards' in terms of savings already done
Aviva UK general insurance chief executive David McMillan has insisted the group's proposed £200m worth of new spending cuts will not amount to a "big headcount" reduction for his division.
XL CEO announces $1bn share buyback as it reports Q3 figures
XL has reported its property and casualty operations recorded a combined ratio of 94.9% in the third quarter of 2010, bolstered by reserve releases.
XL CEO announces $1bn share buyback as it reports Q3 figures
XL has reported its property and casualty operations recorded a combined ratio of 94.9% in the third quarter of 2010, bolstered by reserve releases.
Admiral Q3 result bolstered by 87% rise in non-UK car insurance turnover
Admiral Group has released its interim management statement covering the period 1 July to 3 November 2010.
Deloitte: Issue of brokers selling motor at a loss needs to be addressed
In order to turn their performance around, motor insurers need to increase their premiums while maintaining their customer base.
Aviva Q3 UK GI premiums exceed £1bn as its tops 1m direct motor customers
Aviva this morning said that general insurance net written premiums were up 12% at £1.05bn when compared to the same quarter last year (3Q09: £937m).
Aon blames "economic conditions" for 11% drop in UK revenue in Q3 2010
Aon has reported that its UK broking business recorded a 11% drop in commission and fees in the third quarter of 2010 to $148m (£92.7m) (Q3 2009: $167m) with an 8% downturn in organic revenue.
Ace CEO Greenberg ups full year forecast after "positive" progress in 2010
Ace Insurance Group has reported $14.9bn gross written premium for the nine months ended 30 September 2010 compared with $14.7bn last year.