Financial News
Lancashire reports a strong second quarter 2009 results
Lancashire Holdings Limited (“Lancashire” or “the Company”) today announces its results for the second quarter of 2009 and the six month period ended 30...
Euler Hermes’ results net fall because of the recession
Economic conditions continued to deteriorate throughout the second quarter of 2009. Many companies’ sales contracted and their cash positions worsened, resulting in a significant...
Aon Reports Second Quarter 2009 Results
Total Revenue was $1.9 billion and EPS from Continuing Operations was $0.51
Second Quarter Highlights
EPS from continuing operations, excluding certain items, increased 9% to $0.76
Brokerage...
Aon Benfield Securities places €150m Euro wind cat bond amid strong investor appetite for ILS products
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, announces today that the investment banking group of its affiliate, Aon Benfield Securities, successfully...
SCOR records net income of EUR 184 million for the First Half of 2009
SCOR records net income of EUR 184 million for the First Half of 2009; robust July renewals underline the Group’s strong competitive position SCOR’s...
PartnerRe Ltd. Reports Second Quarter and Half Year 2009 Results
PartnerRe Ltd. today reported net income of $474.3 million, or $8.10 per share on a fully diluted basis for the second quarter of 2009....
XL Capital Ltd announces second quarter 2009 results
Book value per ordinary share increased by 26% to $18.89 at June 30, 2009
• P&C operations Combined Ratio of 93.0%
• Total Shareholders’ Equity of...
AIG completes sale of life insurance premium finance portfolio
American International Group, Inc. (AIG) today announced that it has completed the sale of a majority of the...
ABI: Response to Financial Crisis Advisory Group report
Responding to the Financial Crisis Advisory Group (FCAG) proposals on the impact on accounting of the financial crisis, Stephen Haddrill, the ABI’s Director General,...
Chubb Reports Second Quarter Net Income per Share of $1.54
The Chubb Corporation today reported that net income in the second quarter of 2009 was $551 million or $1.54 per share, compared to $469...
XL Capital Ltd Declares Quarterly Dividends of $0.10
XL Capital Ltd announced today that its Board of Directors declared a quarterly dividend on July 24, 2009 of $0.10 per Ordinary Share payable...
Scor buys XL Re Life America
SCOR Global Life US, a wholly-owned subsidiary of the SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA),...
RSA Insurance Group notice of 2009 half year results
RSA announces that its 2009 half year results will be released on Thursday 6 August 2009 at 7.00am. A briefing to investors and analysts...
China Reinsurance planning a big investment in near term
China Reinsurance (Group) Co.,Asia's largest reinsurer, is planning an investment strategy in the near term ahead of its planned initial public offering.
China Reinsurance had...
HSBC firms fined over £3m for information security failings
The Financial Services Authority (FSA) has fined three HSBC firms over £3 million for not having adequate systems and controls in place to protect...
Willis Group Holdings to Announce Second-Quarter Earnings on July 29
Willis Group Holdings Limited, the global insurance broker, will announce its earnings for the second quarter ending June 30, 2009 after the market...
Walker review proposes fundamental changes to strengthen governance
The corporate governance review led by Sir David Walker has recommended substantial changes to the way the boards of banks and other big financial institutions function in particular through boosting the role of non-executives in the risk and remuneration process.
UK life insurers were tested with easier stress-test than banks.
According to Financial Services Authority, life insurers could survive a recession that assumed a 15 percent drop in property prices in 2009.
Gloomy Scenarios In UK Insurer Stress Tests Already Happened
Gloomy scenarios to assess the resilience of U.K. insurers turned into reality within weeks of the tests being carried out earlier this year, casting doubt on their usefulness.
Aon declares quarterly dividend
Aon Corporation announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on outstanding common stock. The dividend is payable on August 17, 2009 to shareholders of record on August 3, 2009
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