Performance
Swiss Re Reports Better-Than-Expected Profit Despite Flood Losses
Swiss Re shrugged off the cost of floods in Europe to post a better-than-expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable ...
Catastrophe Bonds Cutting Reinsurance Prices, Says Swiss Re CFO Quinn
Swiss Re Ltd. Chief Financial Officer George Quinn said increasing sales of catastrophe bonds will put pressure on reinsurance contract prices as they compete for disaster coverage. "While the market ...Catlin Hurt By Sandy, Costa Concordia Losses, Bond Slump
Catlin Group Ltd., the second-largest Lloyd's of London insurer by market value, fell in London trading after it reported lower-than-expected first-half earnings, hurt by rising bond yields and ...
Small Businesses Leading Hiring Rebound
Chris Yura says it took about six months before he could afford to hire the first employee for the clothing company he started in June 2009. SustainU Clothing now has 20 workers, about half ...
Progressive ‘Body Punching’ Way to Greater Acceptance of Snapshot Product
Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person's driving to set rates, Chief Executive Officer ...
Swiss Re Reports Net Gain But Underwriting Loss Due to Disaster Claims
Swiss Re Ltd., the world's second- biggest reinsurer, reported its first quarterly underwriting loss since 2011 after a surge in claims from natural catastrophes and man-made disasters. The combined ...
60% of Customers Who Leave Independent Agents Eventually Return: Survey
Many customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent agent. According to a recent study commissioned by The ...
Hannover Re Quarterly Net Rises 29% on Investment Income
Hannover Re, the world's fourth- biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts' estimates, helped by higher investment income. Net income advanced to 186.3 million ...