Even though Ireland’s financial crisis continues to make headlines, it’s not by any means a national meltdown, and it doesn’t appear to pose a threat to any of the re/insurance companies and brokers, who have substantial operations in the country. …
France’s AXA Group held its Autumn Investor Seminar in Paris on Monday, at which members of the insurer’s management team presented an update on its growth and capital management strategy, as well as the priorities of its Life & Savings …
Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975 million. That is compared to $702 million in the first three quarters of 2009. The increase was due to lower …
Fort Worth, Texas-based Hallmark Financial Services Inc. has reported third quarter 2010 net earnings of $1.0 million compared to $4.2 million reported for the third quarter of 2009. Year to date, Hallmark reported net earnings of $6.9 million, compared to …
The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though improving, pricing environment, Moody’s Investors Service says in its new Industry Scorecard report. “While some companies reported marginal or even negative premium …
China’s insurance regulator has cleared the way to let the country’s insurers invest billions of capital in Canadian financial markets, the Canadian government said on Friday. The move, the latest sign of improved trade and financial relations between the two …
The Bermuda-based Catlin Group Limited’s interim management statement highlighted some significant premium increases in certain lines. The bulletin said: “Group-wide net premiums earned increased by 13 percent in the nine months ended 30 September 2010. Approximately half of this increase …
The Group of 20’s financial taskforce said on Friday there is still much work to be done on its regulation agenda to ensure that financial stability is secured. In a progress report to the leaders’ summit in Seoul, the Financial …
Germany’s Allianz Group announced strong results for the third quarter and confirmed its operating profit outlook for 2010. Revenues in the third quarter grew by 11.4 percent to €24.5 billion [$33.84 billion], compared to €22 billion [$30.39 billion] in Q3 …
Insurers Allstate Corp. and Prudential Financial announced plans to return cash to shareholders Tuesday with a stock buyback plan and dividend increase, respectively. Prudential’s board approved a 64 percent increase in its annual dividend to $1.15 a share. The No. …
