18 Aug 2004 12:31 PM

Damage, caused by Hurricane Charley in Florida may force insurers to pay up to $10 million to policyholders despite of the fact that companies have learnt from 1992 Hurricane Andrew and turned their practices into

17 Aug 2004 07:03 AM

Damage caused by Charley, the strongest hurricane to hit the Eastern coast of the U.S. since 1999, can lead to claims from policyholders as much as $10 billion as total damages from Charley, including uninsured losses,

16 Aug 2004 02:38 AM

German insurer Allianz AG, Europe’s biggest financial- services company, said second-quarter earnings fell 7.2%.Net income of company fell to 614 million euros from a restated 662 million euros in the year-ago period.

13 Aug 2004 10:32 AM

Insurer Aegon said second quarter net income climbed to 436 million euros to compare with last year 159 million euros. Analysts predicted net profits to lie between 357 million and 414 million euros. During the second quarter net income rose 10 per cent to 349 million euros on strong growth across its country units.

11 Aug 2004 11:17 AM

According with the Old Mutual report its earnings per share increased on 21% from 5.6p per share in first half of 2003 to 6.8p same period this year.

10 Aug 2004 06:28 AM

The first half of 2004 was quite successful and profitable in insurance sector. Several insurance companies announced their profit growth in the first half of 2004 in comparison with last year.

09 Aug 2004 02:44 AM

Captives’ net premium writings grew by 45%, while admitted assets increased by nearly 29% over a five-year period ending in 2003, the report by A.M. Best Co. points out. The growth led to a concurrent increase in loss reserves of nearly 35%. Surplus, though, grew by just 2% during the period.

06 Aug 2004 07:51 AM

The defined benefit pension fund deficits of the 100 largest U.K. companies declined by 24% to £42 billion ($76.40 billion) in the 12 months ending June 30, a new study shows. London-based

05 Aug 2004 07:39 AM

Dutch bank and insurance group ING said second quarter net profits fell 11.9% to 1.64 billion euros due to a year-ago 697 million euro gain on reserve revaluation, but operating profits rose 37.7% to 1.6 billion euros. Analyst

04 Aug 2004 05:05 AM

U.K. insurance company Aviva said today the first half operating profits before tax rose 37% to 1.13 billion pounds, helped by a 7% rise in sales to 7.88 billion pounds on cost and pricing actions. Its dividend rose 4%

03 Aug 2004 09:27 AM

An al-Qaida operative has told British intelligence that the Islamic terrorist organization’s target date for staging an attack in the United States is early September, according to a CBSMarketWatch. Citing sources who have talked to British intelligence authorities debriefing a "credible" al-Qaida operative, says an attack would take place

02 Aug 2004 09:55 AM

The planned initial public offering of Capital Insurance Holdings, a company aimed at consolidating smaller listed Lloyd’s of London companies, has been postponed. The IPO would be restructured and relaunched in September.

30 Jul 2004 08:17 AM

Insurance company Aetna on Thursday said its second-quarter profit rose to $286.3 million, or $1.79 per share, compared with $138.4 million, or 87 cents per share, a year earlier. Also insurer said that company’s

29 Jul 2004 03:45 AM

The French insurer AGF said yesterday 72.1 percent-controlled Euler Hermes is in talks to sell its 49.1 percent stake in Eurofactor to Credit Agricole. Eurofactor is its last remaining non-strategic banking asset, AGF said, and the

28 Jul 2004 03:58 AM

US property and casualty insurer Chubb said Tuesday second-quarter profit jumped 41% percent on strong premium growth, low underwriting losses and cost savings. Net income rose to $356.1 million, or $1.85 per