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Catlin sees changes on horizon as cat rates rise
Catlin CEO Stephen Catlin predicts that "fundamental changes" are occurring for P&C (re)insurers as the market reacts to catastrophe losses, falling rates and the challenging investment environment
14 November 2011
HCC leads $250mn Willis-brokered MF Global D&O cover
Underwriters of directors' and officers' (D&O) insurance are facing up to $250mn of claims from the failed US broker MF Global, The Insurance Insider can reveal
11 November 2011
IAG takes A$50mn Thai hit as aggregate R/I recoveries max out
Australian-headquartered insurance group IAG has said it expects to take a net A$50mn ($49mn) loss from the Thailand floods after drawing on A$25mn in reinsurance protection to help settle claims.
11 November 2011
Allianz profit tumbles on EUR2.6bn investment losses
Global insurer Allianz maintained a stable P&C insurance result in the third quarter but total investment losses of EUR2.6bn reduced the group's quarterly net profit to EUR258mn, down by more than EUR1bn year-on-year
11 November 2011
Admiral takes a second day of stock market pain
UK motor insurer Admiral has failed to bounce back from yesterday's (9 November) huge sell-off, with its share price falling a further 7 percent today
10 November 2011
Willis Re appoints Jago as North America chairman
Paddy Jago has been appointed to the new role of chairman of Willis Re North America - an appointment that Willis said merely formalises his position within the company
10 November 2011
Zurich continues solid performance in Q3
Zurich Financial Services (ZFS) has posted another set of solid results for the third quarter, reporting a business operating profit (BOP) for the period of $1.1bn.
10 November 2011
Scor delivers 9-month profit on retro recoveries
Scor reported like-for-like net income of EUR120mn for the first nine months of the year as it ceded EUR297mn of cat claims to its retrocessionaires
10 November 2011
Novae retains chance of 2011 underwriting profit after solid Q3
Novae gave investors hope that it could rescue a positive underwriting return for 2011 by announcing that its year-to-date loss ratio had come in by 6 percent on the back of its third-quarter result
10 November 2011
Lloyd’s signals change of emphasis on international growth
Lloyd's will not follow up its operations in Singapore and China by establishing regional hubs in other overseas markets, Corporation CEO Richard Ward said today.
09 November 2011
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