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Texan industry association sets Dallas bill at $300mn and counting
Texas and Oklahama insurance trade body Southwestern Insurance Information Service, (SIIS) has released a preliminary estimate of at least $300mn in insured losses from the tornadoes and hail storms that struck the Dallas, Fort Worth (DFW) area last Tuesday (3 April).
10 April 2012
RK Harrison comes close to doubling profits
Independent London market broking house RK Harrison registered strong top and bottom-line growth in the 12 months to 30 June 2011.
10 April 2012
Cooper Gay Swett & Crawford back to profit
London-headquartered wholesale and reinsurance broking group Cooper Gay Swett & Crawford (CGSC) turned 2010 pre-tax losses of $8.5mn into $69mn of underlying pre-tax profits in its first full year reporting as a combined entity.
10 April 2012
Kiln Syndicate $837mn in red on Sri Muang loss
Syndicate 1880, the Kiln-managed syndicate used by Tokio Marine for intra-group reinsurance, has incurred a loss of $840mn after it was hit by $731mn of claims originating from the parent company's Sri Muang joint venture in Thailand.
10 April 2012
Marketform in fresh cash call as Italian med mal losses continue
For the second time in three years Lloyd's business Marketform has been forced to make a cash call on its members to help it cover the cost of deterioration on its legacy book of Italian public hospital liability business.
10 April 2012
Lloyd's Asia syndicate had 506% combined ratio
Argenta-managed Syndicate 1965 ran up losses of £87.5mn on net earned premiums of just £21.6mn as it was smashed by the spate of Asia Pacific catastrophes.
10 April 2012
Ascot falls to £13mn loss
AIG's Ascot Underwriting, which manages Lloyd's Syndicate 1414, reported a £12.6mn loss for 2011 on the back of a 104.7 percent combined ratio.
10 April 2012
Liberty Syndicates scrapes profit on 109% CR
Liberty Syndicate 4472 survived a crushing drop in its profitability in 2011 due to a heavy loss tally to post a positive £6.9mn return for the year.
10 April 2012
Bulked up Brit syndicate ekes out 2011 profit
Brit Insurance's Syndicate 2987 is close to joining the Lloyd's £1bn club after the group's recent restructure swelled its 2012 capacity to £960mn.
10 April 2012
Chaucer falls to £41mn loss in 2011
Lloyd's insurer Chaucer's focus on international property lines and energy was inevitably put to the test last year, resulting in its Syndicate 1084 posting a £40.6mn loss.
10 April 2012
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