Insurance news
Odyssey Re Net Income in raise for the Second Quarter 2009
Odyssey Re Holdings Corp. today reported net income available to common shareholders of $121.8 million, or $2.03 per diluted share, for the quarter ended...
19% of UK businesses unaware of recent welfare reform initiatives
The Government is encouraging businesses to further adjust their work practices to reduce illness and disability in the workplace, yet nearly 20% of businesses...
FSA has imposed a public censure on Cheshire Life & Pensions
The Financial Services Authority (FSA) has today imposed a public censure on a Derbyshire financial advice firm for failing to ensure its advice on...
Interview with Dr. Gerd-Uwe Baden, member of Euler Hermes Group Management Board
"The financial crisis is hitting companies with great ferocity". Interview with Dr. Gerd-Uwe Baden, CEO of Euler Hermes Kreditverischerungs AG (Germany), member of Euler...
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...
Mexico City offers insurance to bring back tourists
Mexico City on Tuesday introduced free insurance for tourists in a bid to bring back visitors scared away after the swine flu epidemic broke...
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...
Hannover Re renews cat bond for European windstorm risks
As part of its diversified risk management, Hannover Re has renewed its Eurus catastrophe bond issued in July 2006. The bond with a volume...
Michael Jackson’s children could miss out on a $20 million life insurance payout
Michael Jackson's children may miss out on a US$20 million (HK$156 million) life insurance payout because an aide allowed the policy to lapse.
The King...
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....
Heavy losses due to severe weather in the first six months of 2009
The natural catastrophe figures for the first six months of 2009 were marked by heavy losses due to severe weather in areas with a...
The Insurance Fraud Awards 2009 shortlist announced
Fraud is at the top of the general insurance industry’s agenda in 2009 as economic pressures created by a turbulent economy provide an increase...
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...
Aviva launches annuity advertising campaign to help consumers
Aviva is tackling one of the nation’s retirement concerns head on with a new series of television and press adverts focusing on annuities.
The campaign,...
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...
Sensible Brits would shun ‘unnecessary’ insurance but keep crucial cover
Brits have revealed their sensible side when it comes to cutting back on insurance to save money, according to moneysupermarket.com, and would only cancel...
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,...
Challenges and opportunities facing the UK Insurance Industry
The Insurance Industry Working Group (IIWG) today published its report into the medium and long-term challenges facing the insurance industry.
The group was set up...
Prev
