RSA Insurance (RSA) has flourished in the wake of last year’s restructuring, which saw most of its overseas operations sold off. The last two planned disposals – Russia and Latin America – were completed in the reported period. With operations now focused on Scandinavia, Canada, Ireland and the UK, there has been a marked performance improvement […]

This group of companies are expected to reveal they have fared well over the last six months. Insurers are expected to reveal they have navigated referendum uncertainty just fine when they announce their half-year results next week. Pensions, investments and insurance giant Standard Life will reveal how it has performed in the first six months of 2016 […]

There’s a big switch in insurance on the horizon. Those with weighty insurance contracts might want to double check their paperwork this week, as a law change which shifts more responsibility onto the insured, rather than the insurer, is due to come into force. The majority of the provisions of the Insurance Act 2015, which […]

    The recent terrorist attacks in Paris, Nice and Brussels will prompt big changes in insurance demand, according to KPMG. Research to be published by the consultancy this week will show that demand for political risk insurance is set to grow strongly over the next three years. The types of risk clients face are changing, however. “There […]

Warren Buffett’s Berkshire Hathaway Inc. said second-quarter profit rose 25 percent on earnings from newly acquired manufacturing businesses and improved results at insurance operations. Net income climbed to $5 billion from $4.01 billion a year earlier, the Omaha, Nebraska-based company said Friday in a statement. Operating earnings, which exclude some investment results, were $2,803 a […]

Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit. Net income declined to 1.1 billion euros ($1.2 billion) from 2.02 billion euros a year earlier, the Munich-based company said in a statement on Friday. That […]

The Bank of England launched a massive stimulus package yesterday in a bid to save Britain from recession. The Bank’s monetary policy committee (MPC) voted unanimously to slash interest rates to an all-time low of 0.25 per cent. Take a look at the winners and losers of the rate cut: WINNER: Property investment The cut to […]

Esure Group Plc’s first-half underlying pretax profit fell, hurt by adverse weather events, and the insurer said Britain’s exit from the EU is expected to have limited impact on its operations.  Esure, which provides insurance products to drivers, home owners, pet owners and holiday makers across the UK, said gross written premiums rose 16.3 percent to […]

Liberty Mutual has posted a second consecutive Q2 underwriting loss with a 101.4 percent combined ratio, although the result marked a 1.2 percentage point improvement on the same quarter of last year. Canadian wildfires from May, the Ecuador earthquake, severe storms in the US and Cyclone Winston all contributed to $832mn of losses from catastrophe […]

Manulife Financial Corp., Canada’s largest life insurer, reported second-quarter earnings that missed analysts’ estimates as hedging costs and lower investment gains hampered growth. Second-quarter profit excluding some items was 40 cents a share, according to a statement Thursday, below the 45-cent average estimate of 13 analysts surveyed by Bloomberg. Net income increased 17 percent from the prior-year period to […]