Financial News
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%...
Financial Institutions Insurance Market Continues to Harden
Financial institutions faced an average premium hike of 15 percent in the second quarter of 2009, as insurers seek to make up for underwriting...
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,...
AXA UK earnings up 2% at H1 2009 to £186million
In the UK & Ireland, underlying earnings increased by 2% from £183 million in H1 2008 to £186 million in H1 2009 – the...
Swiss Re has reported a net loss of SFr381m ($359m)
Swiss Re reports improvement in excess capital at the AA level to CHF 4.5 billion - Net loss of CHF 381 million for the...
Flagstone Re reports a second quarter 2009 in rise
Flagstone Reinsurance Holdings Limited today announced second quarter 2009 basic book value per share of $12.87 and diluted...
Legal and General announces strong half-year results 2009
Operational cash generation and performance
On target to generate £450m of net cash in 2009
Net cash generated in H1 of £302m (FY 2008: £320m)
Cost...
AIG to report second quarter 2009 results on August 7, 2009
American International Group, Inc. (AIG) will report its second quarter 2009 results before the market opens on Friday, August 7, 2009. AIG’s Quarterly Report...
Munich Re posts €1.1bn profit for first half-year 2009
In the second quarter of 2009, Munich Re recorded a profit of €703m, once more demonstrating its earnings strength. The result surpassed last year’s...
Liberty Mutual Group reports second quarter 2009 Results
Liberty Mutual Group reported net income of $274 million for the three months ended June 30, 2009, a decrease of $26 million from the...
British Retail Consortium (BRC) urges more action on bank lending and credit insurance
A third of small and medium-sized (SME) retailers and almost a fifth of large retailers have experienced a reduction in bank lending in the...
Moody’s downgrade AIG’s rating to “BB”
The rating agency said it saw risks of payment deferral on AIG's hybrid securities and downgraded the junior subordinated and preferred securities by five...
GENERALI announced a lower profitability with a net profit of €504 million
GENERALI, announced lower results for the first half year of 2009
Net profit at € 504 million, up by € 400 million from the end...
Zurich launches new Global Protected Profits Fund
Building on the success of its existing Protected Profits Funds range, Zurich has launched a new Global Protected Profits fund aimed at cautious and...
Willis Group Reports great second quarter 2009 Results
Willis Group Holdings Limited, the global insurance broker, today reported results for the quarter and six months ended June 30, 2009.
Highlights of the quarter...
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