Commercial Property News Archive for 01-Apr-2008

P/C insurers post profits amid soft market (Business Insurance)

Commercial property/casualty insurers continue to report favorable underwriting results despite the softening market, boosted by both the absence of major catastrophes and the impact of past rate hikes.

Commercial property slump hits Docklands owner Songbird Estates (Daily Telegraph)

Songbird Estates, the partially listed property company that owns 61pc of Canary Wharf Group, said it "was looking very closely" at a couple of assets outside its London Docklands heartland despite profits being hit by the collapse in commercial property values.

Scottish commercial property market sees switch in emphasis (The Scotsman: Business)

SCOTLAND'S commercial property sector has experienced its first investment market downturn for five years, as major institutional players pull back, writes Scott Reid.

Chris Rooker, managing director of the Commercial Property and Casualty Division for Higginbotham and Associates (Fort Worth Business Press)

Following the lows and highs of the housing market, national inflation and periodic scares from asbestos poisoning to tornados, the insurance market rises and falls with the fast paced money market.

Aareal Postpones Profit Goal on `Difficult' Markets (Update3) (Bloomberg.com)

March 28 (Bloomberg) -- Aareal Bank AG , a German commercial property lender, said it will reach its profitability target a year later than planned because of ``difficult'' market conditions.