Lloyd’s Comments on Record Cannes Jewelry Heist August 6, 2013 An article on the Lloyd’s of London website notes that the value of diamonds stolen in an armed robbery in...
Floods Impact Munich Re’s Q2 Net Profit; Still on Track for FY $4 Billion August 6, 2013 Despite a rough second quarter – consolidated profit of €543 million [$720 million], compared to €812 million [$1.077 billion] in...
Catalina Receives New Equity Commitment from Managed Funds August 5, 2013 Catalina Holdings (Bermuda) Ltd, a long term consolidator in the non-life run-off sector, announced that funds and other entities “managed...
Insurers Help Drive European Share Prices to New 2-month high August 5, 2013 By Tricia Wright Robust insurer earnings helped drive European shares to a two-month high on Friday, while mixed U.S. jobs data supported the...
ABI Calls On UK Government to Enact ‘Whiplash’ Reforms August 5, 2013 The Association of British Insurers has long targeted the epidemic of automobile accidents that result in claims for “whiplash” injuries...
Aviva Considering Sale of India Life Insurance Stake Say Sources August 5, 2013 Aviva PLC is planning to pull out of its Indian insurance joint venture, valued at more than $500 million, as...
Ratings Recap: Patria Re, Arab Insurance, Provident Insurance (NZ) August 2, 2013 A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent)...
RSA Posts Lower than Estimated Profit as Investments Decline August 2, 2013 By Sarah Jones RSA Insurance Group Plc, the U.K.’s biggest non-life insurer by market value, posted a 14 percent increase in first-half profit,...
UK’s Miller Appoints Quy as Producer for Cyber Cover August 2, 2013 UK-based specialist insurance and reinsurance broker Miller Insurance Services LLP announced the appointment of Tom Quy, a specialist producer and...
QBE Sets Aside ‘Immediate Needs’ Payouts for Spain Train Crash Victims August 2, 2013 Australian insurance group QBE said on Thursday it had set aside €2.75 million [$3.64 million) for the immediate needs of...