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Validus poised to sweeten Transatlantic bid
The M&A tussle for Transatlantic Re has reached a crucial juncture with the standstill agreement signed by Validus due to expire on Monday (31 October)
28 October 2011
IAG stonewalls on A$1.9bn NZII loss revision
IAG has continued to stand by the ground-up A$1.9bn loss estimate it made in May for the second New Zealand earthquake in February despite widespread evidence of loss creep elsewhere, The Insurance Insider understands
28 October 2011
Aon outperforms Willis with 3 percent organic growth
Aon withstood the impact of another quarter of negative organic growth from its reinsurance arm, to record a 3 percent overall increase in organic broking revenues.
28 October 2011
Swiss Re rewarded for turnaround with AA- rating
Swiss Re has regained a prized double-A level rating from Standard & Poor's (S&P) after rebuilding itself from the knock it took during the recession.
28 October 2011
Fairfax profits from investments but insurance result falls
Diversified (re)insurance investor Fairfax Financial Holdings posted a $973.9mn net profit for the third quarter as low interest rates produced a bumper mark-to-market investment gain of nearly $1.6bn
28 October 2011
Fitch puts Platinum on negative watch
Fitch Ratings has put a negative outlook on Bermudian reinsurer Platinum Underwriters due to volatility in its recent underwriting performance
28 October 2011
Aspen takes further loss creep but remains in profit
Aspen Insurance reported a $22mn profit for the third quarter, down by 76 percent year-on-year, after taking $55mn of net catastrophe losses
28 October 2011
Endurance falls to loss as aggregate cover pay-outs hit bottom line
Endurance Specialty Holdings became the latest Bermudian (re)insurer to fall to a third quarter net loss as it reported a $20mn deficit for the period, compared to a net profit of $139.1mn in Q3 2010.
28 October 2011
Validus profits plunge on cats, investment/FX losses and Transatlantic expenses
Q3 net profits at Validus Holdings plunged 76 percent to $56.5mn as cat losses, investment writedowns, foreign exchange losses and the cost of its pursuit of Transatlantic Re hit the Bermudian reinsurer's bottom line.
28 October 2011
PartnerRe reveals $136mn cat loss creep
Bermudian reinsurer PartnerRe will add $136mn to its losses from the Japanese and New Zealand earthquakes when it reports its third quarter results
27 October 2011
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