February 2005/3

Lloyd’s insurer Wellington has announced its results for the 2002 year-of-account, an updated forecast for the 2003 year-of-account as well as an initial forecast for the 2004 year-of-account.

Italy’s largest insurance company Generali said group premium turnover rose 13.6 percent last year to EUR56.3bn.

Post 9/11 Bermudian powerhouse Axis Capital saw a 13 percent increase in its fourth quarter net income, according to its latest earnings statement.

World’s largest insurer AIG said last week that its fourth quarter results included a net post-tax charge of $126.9mn, or $0.05 per share, in connection with late reported losses from hurricanes and typhoons in the third quarter.

French reinsurer SCOR has revealed the extent to which its business declined in 2004. In its full year earnings release the company unveiled a litany of decreases in the amount of business written since its financial strength ratings were slashed in 20

Canadian combine Fairfax Financial Holdings painted a mixed picture of its fortunes last week by announcing 2004 fourth quarter net earnings of $5.6mn, undercut by a net loss of $17.8mn for the full year. Despite this, the company insisted it “ended the y

Swiss Re echoed the upbeat message of Hannover Re today (14 February) with chief financial officer Ann Godbehere saying: “The hard market is definitely not over”

Bermudian giant XL Capital had its positive fourth quarter and year-end earnings release marred last week by an announcement from rating agency Fitch that it may slash the company’s debt ratings.

US insurer CNA surprised its cassandras with an upbeat fourth quarter which included a 75 percent rise in profits.

David Priebe, the president of Guy Carpenter Europe, has replaced Keith Fenwick as the chief executive of Guy Carpenter’s UK operations.