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Travelers shares down on earnings miss, despite rate rises
Travelers' shares closed down 3.8 percent at $58 today despite bullish rates commentary from senior management as investors reacted to an earnings miss, lower reserve releases and sluggish investment performance.
25 January 2012
US commercial P&C rates up 2.8% in Q4: CIAB
US commercial property casualty rates were up 2.8 percent on average in the fourth quarter after picking up strongly from Q3, according to The Council of Insurance Agents & Brokers (CIAB).
25 January 2012
PartnerRe faces potential AM Best downgrade on cat losses
PartnerRe faces the prospect of a downgrade after its ratings were placed under review with negative implications by AM Best in the wake of last week's profits warning from the reinsurer that included a $120mn loss estimate for the Thai floods.
25 January 2012
Everest raises Thai loss estimate and adds to NZ/Japan reserves
Everest Re has already demonstrated loss creep in its Thailand estimate as it raised its flood loss number from the $100mn-$125mn it reported just before Christmas to $145mn.
25 January 2012
Talbot exec Atkin takes LMA top job
Talbot Underwriting CEO Rupert Atkin will replace Barnabas Hurst-Bannister as chairman of the Lloyd's Market Association (LMA) from 1 February
24 January 2012
Travelers’ Q4 results point to further price rises
Travelers continued the recent bullish tone on rate increases for US commercial lines by reporting price rises of 6 percent overall for renewals in its business insurance segment during the fourth quarter
24 January 2012
Xchanging appoints head of North America
Business process outsourcing specialist Xchanging has appointed Domenick DiCicco as head of North American insurance
24 January 2012
Cat funds Dunamis Re and Atropos make mark with 1.1 debuts
Bermudian Dunamis Re and Scor's Atropos made notable debuts at the 1 January renewal season in the collateralised reinsurance and retro, industry loss warranty (ILW) and cat bond markets
24 January 2012
RLI recruits Diefenthaler as CIO
Specialty US insurer RLI has hired Aaron Diefenthaler, AAM Insurance Investment Management's principal, as its new chief investment officer
24 January 2012
Fairfax CEO Watsa joins Blackberry maker’s board
Investment hotshot Prem Watsa, the CEO of Fairfax Financial Holdings, has taken a position as a non-executive director of struggling smartphone manufacturer Research in Motion (RIM)
24 January 2012
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