Finance News
Omega GWP down 7% as it exits Bermuda third-party business
Premium income from continuing business up 9%
UK prime minister gets tough on Solvency II
David Cameron will fight to ensure the regime does not put UK (re)insurers at a disadvantage
Bermuda and Qatar agree double tax treaty
DTA is a “trump card” in developing Bermuda as a western hub for the Islamic financial services industry
Catlin Bermuda GWP down 16% as it rejects poorly-rated business
Group-wide premium income up 12%; rates rise 4%
July renewal hikes will be limited - Fitch
Rating agency predicts “at best” single-digit rate increases for US property reinsurance
Alterra swings to profit in Q1
US insurance, Alterra at Lloyd’s and Latin American segments post CRs above 100%
Beazley reports ‘benign’ Q1 claims activity as GWP rises 9%
Lloyd’s insurer initiates subordinated bond buy-back
SCOR gets another rating upgrade
Moody’s cites SCOR’s “enhanced franchise strength” as it upgrades rating to A1
Berkshire posts $845m insurance profit
Underwriting income amounted to $54m, up from a loss of $821m a year ago
Reserve releases and lower cats return Argo to profit
Group’s Q1 profit of $19.6m compares with last year’s $94.1m loss
Hiscox Q1 GWP flat as it holds out for better rates
April renewals ‘beat expectations’, says chief executive
Flagstone premium drops 52%
decline reflects non-renewal of business as troubled reinsurer continues to de-risk
Hannover Q1 premiums grow 11.7%
Reveals profits of €261m and Concordia loss of €45m amid bullish outlook
RenRe swings to profit in Q1
Profit soars to $201.4m as reinsurer enjoys successful renewals and low cat activity
Novae Q1 loss ratio drops to 59% on lower cat losses
Lloyd’s insurer reports ‘modestly positive’ rate rises after last year’s slump
PartnerRe posts $360m profit in Q1
Miranthis ‘cautiously optimistic’ over improving reinsurance rates
