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  • UK insurer Royal & Sun Alliance (R&SA) reported a £685mn leap in its full-year after tax performance. After tax profits were £605mn last year, a marked improvement on 2004’s £80mn loss. Profits before tax rose to £865mn in 2005 from £80mn the...
  • London's losses from the ongoing political unrest in Libya are likely to be relatively modest as the country's oil industry is dominated by the majors that tend to self insure, The Insurance Insider understands.
  • Bermuda-based Maiden Holdings is set to buy a majority stake in the reinsurance business of UK-based automotive business of GMAC International Insurance Services, almost three years after buying its US-based sister company GMAC Re.
  • Rates for US property and casualty insurance fell by 5 percent in December, according to the latest market barometer from Marketscout.
  • Losses from February's New Zealand earthquake threaten to climb above $12bn as more (re)insurers put out loss reserving levels for the disaster
  • Newly formed Alterra Capital - the merged Max Capital/Harbor Point - posted net income of $103.4mn for the second quarter of 2010.
  • Both insurers grow their excess and surplus lines market share, partly at the expense of Berkshire Hathaway and Allianz
  • Hull and liability aviation losses in 2010 reached $2.15bn and exceeded gross premium written in the same period, according to consultancy Ascend.
  • UK insurer Royal & Sun Alliance (R&SA) reported a £685mn leap in its full year after tax profits. After tax profits were £605mn last year, a marked improvement on 2004’s £80mn loss. Profits before tax rose to £865mn in 2005 from £80mn the previous...
  • Lloyd's claims head Chaplin moves to Asia Pacific; The Hartford offloads TPA for $280mn; Alterra passes on management of Names syndicates; RFIB sets up in Kazakhstan...