All Financial articles – Page 62
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MMC gets the go-ahead to collect commissions
A new pact that allows the company to take fees from insurance companies “could be material to earnings”
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Underwriting in a softening market
Lancashire's CFO says discipline is the key to tackling a softening market
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MMC makes a modest profit in Q2
Subsidiaries Marsh and Guy Carpenter see a 2% rise in revenue
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Swiss Re premiums up 17% in Q2
Swiss Re has announced earnings of CHF1.2bn ($1bn) in Q2, up 45% on last year
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Berkshire Hathaway profits soar to $5.7bn
Berkshire Hathaway's underwriting profit has almost doubled in the second quarter
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CastlePoint to raise capital through shelf registration
CastlePoint has filed a shelf registration statement for 26,646,589 common shares
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Allianz: UK flood damage severe but not extreme
Company estimates claims to UK branch to be in region of £30m
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Axis announces record Q2 net income of $252m
But success partially offset by decrease in premiums
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Munich Re posts €2.1bn half year profit
Munich Re had a profitable first half but its operating result drops to €2.8bn
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Lancashire premiums up by 42.7%
The firm sees its gross premiums climb despite being “tested by the June UK flooding”
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S&P: European insurers focus on capital management
But ERM and Solvency II also key, according to S&P report
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Hannover Re profits up; premiums down
Hannover Re’s profits are up 15.8% for the first half of 2007, but its gross premiums have declined 10.4%
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Typhoon Usagi makes landfall
Losses are not expected to exceed $500m as the storm weakens to a category 2
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Disappointing Q2 results for Odyssey Re
Odyssey Re report 53% decrease in premiums and reduced income
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Results suggest softening rates
The dip in reinsurers' premiums in Q2 suggests the softening has begun
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Risk retention = competition
Bermuda reinsurers report healthy Q2 results despite cedants retaining more risk
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Willis Group profits leap 17%
Modest half-year growth in commissions and fees despite softening rates