February 2007/2

Fuelled by its acquisition of GE Insurance Solutions (GEIS), Swiss Re reported a 14 percent increase in business at the January renewals, the equivalent of SFr1.3bn.

Aon Corp posted flat fourth quarter net income of $224mn with broking revenues up 7 percent to $1.5bn in its annual results.

It was a case of from one extreme to the other as XL Capital bounced back from 2005's record losses to report a record net income of $1.76bn for 2006.

PartnerRe also reported record net income for 2006 on the back of the unexpected calm hurricane season.

Bermudian firm Max Re Capital reported a fourth consecutive profitable year on the back of record fourth quarter net income.

Aspen Insurance reported records for both the year and the quarter, with net income of $378.1mn and $119.5mn respectively.

Novae Group plc, the UK quoted insurer that has been rebuilding following the devastation caused by its financial and professional indemnity losses between 1997-2002, pleased shareholders today...

The first sign of the magnitude of last month’s Florida legislation for reinsurers emerged with Bermudian RenaissanceRe paring back growth targets for 2007 managed property cat reinsurance by 20 percent...

John Charman's AXIS Capital Holdings Ltd beat consensus estimates and reported record results for last year on the back of the benign catastrophe season.

French reinsurer SCOR has said that following last year’s rating upgrades into the crucial “A” territory it has “largely recovered its shares of business lost in 2002-2003”.

German reinsurer Hannover Re reported premium growth of 2 percent in its total property and casualty reinsurance portfolio for the January renewals.

Ironshore Insurance Ltd, the Bermuda-based $1bn insurer formed by the father-and-son team Bob and John Clements at the tail end of last year, has received an A- (Excellent) rating from AM Best.