31 August 2016

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Munich Re Q2 profits hit by $600mn major losses

9 August 2016

Munich Re's net profits for the second quarter of 2016 were down by 9.4 percent on the prior-year period, to EUR974mn ($1.07bn), as the (re)insurer experienced EUR542mn ($600mn) in major losses during the periodRead more


Gen Re profits decline in Q2 despite low cats

8 August 2016

Berkshire Hathaway's global reinsurance subsidiary General Re (Gen Re) experienced a significant decline in underwriting profit in the second quarter, down to $2mn compared with $107mn in the prior-year periodRead more


Hurricane Earl could threaten Pemex installations

5 August 2016

Hurricane Earl, the fifth named storm of the Atlantic hurricane season, could yet threaten a number of oil rigs and platforms operated by Mexico's state-owned Pemex if its track takes it across the southern Bay of Campeche, according to modelling firm AIR WorldwideRead more


AGCS operating profits slump with heavy cat losses

5 August 2016

Allianz subsidiary Allianz Global Corporate and Specialty (AGCS) has experienced a 97.4 percent decline in operating profits in the second quarter of 2016, to EUR6mn, as heavy cat losses impacted its bottom lineRead more


Cat losses surge for Hannover Re in Q2

4 August 2016

The painful second quarter claims experience left Hannover Re scarred as net income for its property and casualty reinsurance segment dropped 30.4 percent to EUR171.9mn during the second quarter of 2016 as EUR296.6mn of catastrophe losses hit the underwriting resultRead more


TransRe NWP surges as cats hit profits

3 August 2016

Alleghany Corporation's reinsurance subsidiary TransRe recorded a 21.7 percent increase in net written premiums (NWP) to $1.01bn in the three months ending 30 June, as underwriting profits fell 87.1 percent in the quarter to $12mnRead more


Markel dodges cats to record 50% income increase

3 August 2016

Markel Corp reported an increase in operating income of 49.5 percent in the second quarter as it took a minimal hit from catastrophes during Q2, with its reinsurance division absorbing 80 percent of the lossesRead more


AIG posts $100mn Q2 P&C underwriting loss

3 August 2016

American International Group's (AIG's) commercial P&C division has recorded an underwriting loss of $100mn in the second quarter of 2016, compared with a $61mn profit in the prior-year period, as the division was hit by higher natural catastrophe losses and net loss reserve discount chargesRead more


Sinz to head Europe for Liberty Specialty Markets

1 August 2016

Liberty Mutual Insurance Group's commercial and specialty (re)insurance division, Liberty Specialty Markets (LSM), has hired Kadidja Sinz for the new role of head of EuropeRead more


Fort McMurray D&F wildfire losses mount

29 July 2016

A picture is slowly emerging of the cost to (re)insurers of commercial property losses arising from the northern Alberta wildfires in May, with damage to a housing estate and a post-secondary college the latest to be reportedRead more


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