Travelers Cos. posted a record operating profit that breezed past Wall Street estimates and said it expects to keep raising premiums to counter low interest rates and potential losses from natural disasters.
As more Americans buy homes, the handful of private insurers that cover their mortgages are attracting heavyweight investors keen to profit from the nascent housing market recovery.
Hannover Re posted a better than expected 30 percent rise in second quarter net profit, helped by a strong performance in reinsurance on cars and homes.
Europe's No. 2 insurer, AXA, said on Friday its first-half net income edged 1 percent lower on a like-for-like basis, as a $302 million accounting loss on interest rate hedging instruments offset operational gains.
Europe's No. 2 insurer, AXA, said on Friday its first-half net income edged 1 percent lower on a like-for-like basis, as a $302 million accounting loss on interest rate hedging instruments offset operational gains.
Allianz's operating profit grew more strongly than expected in the second quarter, with a strong performance in property and casualty insurance and asset management overcoming weakness in life insurance.
Allianz's operating profit grew more strongly than expected in the second quarter, with a strong performance in property and casualty insurance and asset management overcoming weakness in life insurance.
Property and casualty insurer Chubb Corp. raised its full-year forecast after reporting a stronger-than-expected 43 percent rise in second-quarter profit as it benefited from rising insurance rates and lower losses.
Property and casualty insurer Chubb Corp. raised its full-year forecast after reporting a stronger-than-expected 43 percent rise in second-quarter profit as it benefited from rising insurance rates and lower losses.