1st half 2012 News

‘We’re an Attractive Place to do Business:’ Lloyds CEO Richard Ward

Following Lloyd’s release of its composite results for the first six months of 2012 – a £1.53 billion [$2.4 billion] profit – Lloyd’s chief executive Richard Ward was understandably pleased. In a telephone interview he explained that the figures are …

Lloyd’s 1st Half Profits at $2.4 Billion; CEO Cites ‘Disciplined Underwriting’

Lloyd’s of London’s first six months of 2012 financial figures couldn’t evince a greater difference from those posted in the first half of 2011. It posted profits of £1.53 billion ($2.47 billion). Lloyd’s said “the result follows a benign first …

Earnings Report: QBE Group

Selected earnings highlights in US dollars from Australia’s QBE Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $9.233 bn $8.942 bn Net premiums earned ————— $7.359 bn …

Zurich Insurance Group Posts $2.2 Billion 1st Half Net Income

Zurich Insurance Group posted a $2.2 billion net after tax income available to shareholders. Other selected highlights from the earnings report are as follows: Q2 2012 Q2 2011 Business operating profit ———— $1.131 bn $1.287 bn Total group business volumes …

Allianz Central and Eastern Europe Operations 1st Half Results

Allianz said its Central and Eastern Europe (CEE) operations “produced solid underlying results for the first six months of 2012 in challenging economic circumstances.” The regional companies reported total revenues of for the first six months amounted of €2.053 billion …

Hannover Re Reports 85% 1st Half Gain in Net Income to $497 Million

Hannover Re’s interim report for the first six months of 2012 shows gains in all of the reinsurer’s primary sectors. Highlights for the period were listed as follows: — Gross premium: + 14.0 percent to €6.9 billion [$8.466 billion] — …

Earnings Reports: XL Group, Alterra Capital

Selected earnings highlights from the XL Group’s headquarters in Dublin, Ireland for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 *Gross premiums written ———— $1.763651 bn $1.762.443 bn *Net premiums written ————— …

Earnings Report: AXIS Capital

Selected earnings highlights from the Bermuda-based AXIS Capital Holdings for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $1.014375 bn $1.046163 bn Net premiums written ————— $801.575 mn …

Earnings Report: RenaissanceRe

Selected earnings highlights from Bermuda-based RenaissanceRe for the second quarter and the first six months of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $667.336 mn $641.563 mn Net premiums written ————— $427.630 mn $427.995 mn …

Earnings Reports: Catlin Group, RSA

Selected earnings highlights in US dollars from the Bermuda-based Catlin Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $3.010 bn $2.683 bn Net premiums written ————— $2.258 …