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Hiscox : Q1 interim management statement
Hiscox today issues its Interim Management Statement for the first three months of the year to 31 March 2011.
Hiscox’s gross written premiums year...
Munich Re : heavy Q1 loss, says 2011 profit possible
Munich Re unveiled Monday a sharp first quarter loss owing to major disasters in the Asia Pacific region, but said it should still make...
Bank of Scotland PMI: Robust demand conditions raised private sector output in April
The Bank of Scotland PMI report signalled ongoing expansion of activity in the Scottish private sector economy during April. Moreover, growth in output was...
Admiral : first quarter stays on course
Admiral Group today releases its Interim Management Statement covering the period 1 January to 6 May 2011.
Henry Engelhardt, Admiral Chief Executive comments :
“I’m pleased to...
AXA Wealth : Q1 platform sales rise 140% driven by growth in on-platform business
AXA Wealth platform sales on Elevate have risen 140%, bringing total platform assets under administration at the end of Q1 to £2.5bn, with platform...
Legal and General : excellent growth with gross new business inflows exceeding £10bn in Q1 2011
Legal & General Investment Management (LGIM) delivered another excellent new business result during the first quarter of 2011 with gross inflows of £10.5bn.
This is...
Swiss Re : loss on exceptional disaster claims
Global reinsurance giant Swiss Re reported a quarterly loss on Thursday as insurers shouldered the burden of exceptionally high claims for natural disaster damage...
Lloyds Banking Group unveils £2.4 bln quarterly loss
Britain's state-rescued Lloyds Banking Group reported on Thursday a first-quarter net loss of £2.4 billion after setting aside a vast sum to compensate clients...
AXA : first quarter results down, turnover stable
“The first quarter reflected our continued focus on improving the profitability of our operations, consistently with our priorities set out early 2010”, commented Denis...
Cathay Financial : will enter Chinese asset management market this year
Cathay Financial sais it will tap into China’s asset management market this year. This is the new ambition to expand in mainland China and...
Hannover Re : says quake claims cut outlook
The German reinsurance group Hannover Re cut its 2011 profit outlook on Tuesday because of exceptional costs from first-quarter catastrophes, notably in Japan.
The...
EU probes investment bank giants over debt insurance abuses
Europe launched antitrust probes Friday into giant US and European banks whose fine-slicing of the insurance market was blamed by debt-ridden eurozone...
UNIQA : Austrian insurer UNIQA reports sharp profit rise
Austrian insurer UNIQA announced on Friday a sharp jump in earnings last year on the back of booming business in its life division.
The stock-listed...
Quinn Insurance : reveales a loss of EUR 706 million in 2009
Quinn Insurance, the leading insurance firm founded by tycoon Sean Quinn, had losses of 706 million euro in 2009.
Operating losses represented EUR 559m and...
U.S. : tremors appearing in America
Pressure is building in one of the world's most important markets, US government bonds. Dramatic changes in the landscape are likely.
The first shock was...
AXA Real Estate : raises €1.26 billion in Q1 2011
AXA Real Estate Investment Managers announces that it has raised on behalf of its clients a total of €1.26 billion in the first quarter...
AIG : will pay Warren Buffet USD 1.6 billion to take on asbestos claims
AIG will pay billionaire Warren Buffett's Berkshire Hathaway $1.65 billion to take on commitments to compensate asbestos victims, the Security and Exchange Commission said...
Munich Re : issues profit warning on Japan catastrophe
Munich Re warned Wednesday it would post a loss for the first quarter because of Japan's massive earthquake and tsunami in March.
Munich Re said...
Catlin estimates losses from Japanese earthquake and tsunami
Catlin Group announces an initial estimate of the financial impact of the 11 March 2011 earthquake and tsunami which devastated areas of northeast Japan.
Catlin...
RennaissanceRe sees Japan quake loss to USD 22 million
Estimated losses from Japan’s earthquake and tsunami for RenaissanceRe should reach USD 220 million; Axis Capital estimates its losses to USD 285 million and...
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