Financial News
FSA is stress-testing banking group Lloyds
The country's market regulator, FSA, is stress-testing banking group Lloyds' (LLOY.L) plans to raise 10 billion pounds and reduce its dependence on a state-backed...
Groupama revenues stable at £225.9 million for Q2 2009
Groupama’s pre-tax profits fell to £5.4m for the first half of 2009, compared to £13.1m for the same period last year.
François-Xavier Boisseau, CEO...
US reinsurers RAA released results for the first half of the year
The RAA has released reinsurance underwriting results for six months ended June 30, 2009. The results show that policyholders’ surplus of $65.9 billion for...
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...
Chaucer Holdings PLC reports excellent 2009 half year profit
Chaucer's first half pretax profits more than doubled, rising to £17m from £3.9m in the first half of last year.
Financial highlights
Profit before tax and...
Fortis insurance activities returns to profit
Belgian insurance group Fortis (FOR.BR) took a major step in its restructuring on Thursday, returning to profit in its core business and setting a...
AEGON UK reports a loss for the first half 2009
the Netherlands-based insurer, reported a loss for the second quarter, reflecting primarily a one-time loss related to the sale of Taiwanese life insurance business...
China Life has announced 29 % increase in profit
China Life Insurance Co., the world’s biggest life insurer by market value, rose in Hong Kong trading after the company said first-half profit increased...
Lloyd’s-listed insurer Omega Insurance Holdings reports light profit fall
Lloyd’s-listed insurer Omega Insurance Holdings reported a light fall in first half pre-tax profits for 2009, but remained optimistic.
Financial Highlights
Profit before tax of $22.9...
Swiss Life to cut 520 jobs as net profits fall 92%
Swiss Life Holding has announced it is to implement a cost cutting programme after revealing that net profits for the first half of the...
Hiscox insurance report a 30% profit rise
Hiscox reported a pre-tax profit of £141.4m ($231.4m) in the first half of 2009, up 29.5% from £109.2m in the same period last year.
Financial...
Admiral announces profit before tax up 5% for H1 2009
Admiral achieves another record half year profit coupled with continued good growth. Profit before tax at £105.3 million was 5% ahead of H1 2008,...
UK based Amlin delivers record earnings for the first six months 09
UK-BASED insurer Amlin has reported gross written premiums of £950.1m for the first half of 2009, up from £715.5m in the same period last...
Insurance Australia Group (IAG) reports profits for Financial Year 09
Insurance Australia Group Limited (IAG) today announced a net profit after tax of $181 million for the 12 months ended 30 June 2009 (FY08:...
QBE announces a record first half year profit up 19%
The Board of QBE Insurance Group is pleased to announce a record profit after tax for the half year ended 30 June 2009 of...
Fortis first-half net profit fell 38%
First-half net profit fell 38% as the economic downturn increased loan losses and pressured margins.
Chairman Jan van Rutte said loan losses and unpaid mortgages...
Markel Reports Second Quarter and Six-Month Results
Markel Corporation (NYSE: MKL) reported diluted net income per share of $3.34 for the quarter ended June 30, 2009 compared to $8.29 for the...
Tesco to create 800 jobs in Scotland
Tesco, the supermarket chain, announced the opening of a customer service centre in Central Glasgow with more than 800 jobs in personal finance.
The Scottish...
Allianz reports H1 profits in fall
Allianz UK has released its financial results for the first six months of the year.
Gross Written Premiums up 2.9% over same period in 2008
...
AXA Life announces Sun Life Assurance Society plc With Profits Fund is closed to new customers
AXA Life has taken the decision to close the Sun Life Assurance Society plc (SLAS) With Profits Fund to new customers and has written...
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