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Tawa mulls legacy spin-off on stock woes
Tawa's management is considering separating its run-off and (re)insurance service businesses into two companies to reverse its slumping share price, The Insurance Insider can reveal
17 February 2012
Navigators notes improving specialty rates after profit slide
International specialty insurer Navigators reported a 63 percent slide in net income to $25.6mn for 2011 as investment results dragged down on performance
17 February 2012
Market ready to turn, says Bill Berkley
The (re)insurance market cycle is set to turn in 2012, with the momentum on price rises reaching a critical mass during the third quarter of the year, WR Berkley CEO Bill Berkley has said
17 February 2012
Fairfax scrapes full-year profit despite painful Q4
Fairfax Financial managed to book full-year net income of $45.1mn in 2011 despite a $772mn loss in the final quarter and a total annual cat bill of $1.02bn
17 February 2012
AmTrust posts top and bottom line growth in 2011
US and European specialty insurance group AmTrust has continued its path of rapid expansion, with top line growth in the fourth quarter up 23.6 percent to $586.6mn.
16 February 2012
Axa net income up 49 percent on divestments
European insurance heavyweight Axa reported booming net income for full year 2011, driven by one-off benefits from its strategy of divesting non-core assets in developed markets.
16 February 2012
Arig falls to full-year loss on ‘perfect storm’
A "perfect storm" of extraordinary catastrophe losses and collapsing investment returns caused Middle Eastern reinsurer Arab Insurance Group (Arig) to suffer a full-year loss of $21.3mn last year after recording a $23.5mn in 2010
16 February 2012
Willis stock falls 10% after Q4 rout
The share price of Willis Group fell by 10.7 percent in trading yesterday (15 February) following the release of its Q4 2011 results, wiping $720mn from the broker's market cap
16 February 2012
Torus CFO replaced by Aviva exec
The chief financial officer (CFO) of Torus, Ian Campbell, has left and will be replaced by Aviva's deputy CFO Tim Harris, the company has announced
16 February 2012
FSA loses head of enforcement
The Financial Services Authority (FSA) has announced that board member and managing director Margaret Cole will be leaving ahead of the UK regulator's planned split in 2013
16 February 2012
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