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Insurance
Scandinavian insurance group Sampo enjoyed higher profits in the first quarter of 2014 in a set of solid results. But it warned on the unpredictable long-term implications of the rising tensions between Russia and the west over Ukraine. 8 May 2014
Insurance
European insurer Allianz posted record revenues in the first quarter of 2014 and said it is well on track to achieve its target of a €10 billion operating profit for the year. 7 May 2014
Insurance
Guy Carpenter has strengthened its mutual company specialty practice with two new executives from JLT Towers Re. 6 May 2014
Insurance
Marsh & McLennan Companies posted solid growth in the first quarter of 2014 through a mixture of incremental growth across the business, including in reinsurance brokerage unit Guy Carpenter, and double digit growth in some of its emerging markets units in broker Marsh. 6 May 2014
Insurance
Arch Capital Group’s profit fell in the first quarter of 2014 while it ceded $32.2 million of premiums to Watford Re as the start-up reinsurer it helped form began underwriting. 2 May 2014
Insurance
XL Insurance (Bermuda) has agreed to sell subsidiary XL Life Reinsurance (XLLR) to newly formed Bermudian company GreyCastle Holdings for $570 million. 2 May 2014
Insurance
XL Group posted solid results for the first quarter of 2014 although its profits dipped compared with the same period last year primarily due to lower underwriting profits. 2 May 2014
News
Bermuda-based Montpelier Re reported operating income of $72.2 million, or $1.48 per common share, and a healthy combined ratio of 50.4 percent in Q1, of which $35 million of prior year loss reserves helped to obtain an 18 percent loss ratio. 1 May 2014
Insurance
A strong performance from The Hanover Insurance Group’s Lloyd’s platform, Chaucer, and growth in The Hanover’s commercial lines, helped to boost the company’s falling profits, despite heavy US winter weather losses. 1 May 2014
Insurance
Broker Willis has appointed Jeroen Everling as chief executive officer (CEO) of Willis Netherlands (Willis BV). 1 May 2014
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