Opinion on General Insurance, Property and Casualty

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Type Product title / description Pub Price
CommentWire
CommentWire

Allianz: new focus yields benefits

Allianz [ALV.F], Europe's largest insurer, has announced its interim results. It has seen a 3.9% rise in net premium income, driven in part by a strong performance in its property and casualty division. But while Allianz has certainly made progress, it will need to continue making improvements to win back the confidence of its investors.

Published By Datamonitor
20 Aug 2003
CommentWire
CommentWire

Zurich: back in the black

Zurich's performance vindicates a wide-reaching restructuring program that entailed the loss of thousands of jobs and the disposal of a raft of non-core activities. The insurer has sharpened its focus on its most profitable insurance lines and is on course to achieve its year-end profit target.

Published By Datamonitor
21 Aug 2003
CommentWire
CommentWire

Deloitte & Touche: serving a captive market

Professional services firm Deloitte & Touche has launched an outsourcing service for captives in response to the growing number of companies that are turning their backs on the traditional insurance market. Multinational and national brokers should ensure that they also capitalize on this opportunity to provide fee-based advisory services, rather than risk losing their larger corporate clients.<BR />

Published By Datamonitor
28 Aug 2003
CommentWire
CommentWire

RSA: GBP960 million rights issue

Royal & SunAlliance's [RSA.L] rights issue strategy highlights the difficulties the insurer has experienced in strengthening its market positions. The company has taken steps to exit unprofitable lines but has still experienced a shortfall in the reserves it needs to satisfy UK and US requirements. RSA will now review its focus to ensure it underwrites its most profitable business only.

Published By Datamonitor
04 Sep 2003
CommentWire
CommentWire

General insurance: return to profits short-lived?

The London Insurance Market for large commercial insurance risks has enjoyed a significant return to profitability over the last twelve months. However, doubts remain as to how long this will last as the insurance cycle turns and premiums start to soften.<BR />

Published By Datamonitor
10 Sep 2003
CommentWire
CommentWire

Aviva: cunning capital move

Aviva [AV.L] will receive a pat on the back as it issues GBP1.2 billion of debt to help grow its life business. Strong performance from its UK life and general insurance arms and well-timed moves in the market are powering Aviva to the front of the competitive pack.

Published By Datamonitor
11 Sep 2003
CommentWire
CommentWire

Zurich: another day, another bond issue

Zurich's [ZURZn.VX] $1 billion bond issue comes hot on the heels of a similar move by Aviva last week. Zurich is seeking to consolidate after an over ambitious expansion program, but it needs to remember that a full recovery in the UK life insurance sector is still some way off.

Published By Datamonitor
18 Sep 2003
CommentWire
CommentWire

AXA: MONY trouble

AXA's [AXA] $1.5 billion offer for MONY [MNY] is meeting with opposition from the company's shareholders even though the MONY board has approved the deal. If AXA's takeover ambitions are thwarted, it would be a serious blow to the company's plans to develop its presence in the US.

Published By Datamonitor
19 Sep 2003
CommentWire
CommentWire

Scottish Widows: stringent targets

Lloyds TSB's [LLOY.L] sacking of the chief executive of Scottish Widows comes on the back of the insurer's recent poor performance and has been exacerbated by allegations of product mis-selling. Lloyds will be hoping to turn the ailing company around but a future sale cannot be ruled out.

Published By Datamonitor
24 Sep 2003
CommentWire
CommentWire

RSA: US court ruling adds to woes

Royal & SunAlliance [RSA.L] is set to face heavy costs in the US if its appeal against this week's court ruling is thrown out. The judgment has depressed the company's stock price and casts a cloud over its GBP1 billion rescue rights issue.

Published By Datamonitor
03 Oct 2003

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