October 3, 2013
British regulators are scrutinizing the impact of the wave of capital from investors such as hedge and pension funds on the insurance industry. “The availability of this additional capital inevitably affects the decisions made by insurers and reinsurers on the …
September 5, 2013
Europe’s 40 largest insurers spent as much as €4.9 billion ($6.5 billion) last year complying with new regulations, according to estimates by Deloitte LLP. The cost is equivalent to a one percentage point reduction in return on equity, a measure …
August 2, 2013
RSA Insurance Group Plc, the U.K.’s biggest non-life insurer by market value, posted a 14 percent increase in first-half profit, missing analysts’ estimates as investment income declined. Pretax profit rose to £250 million ($380 million) in the six months to …
July 29, 2013
Hiscox Ltd., the second-biggest Lloyd’s of London insurer by market value, said first-half profit jumped 44 percent, beating analyst estimates, helped by accelerating growth in gross written premiums. Net income climbed to £180.7 million ($278 million) in the six months …