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Allstate lifts performance on quiet US first quarter
US personal lines bellwether Allstate lifted its property-liability underwriting result from $71mn in the first quarter of 2010 to $327mn this year, as it benefited from lower catastrophe losses
28 April 2011
Berkshire may sue Sokol over Lubrizol affair
Warren Buffett's Berkshire Hathaway may sue former executive David Sokol for failing to disclose his financial interest in Lubrizol before recommending the firm bought it.
28 April 2011
HCC chairman to take president and CEO role from Molbeck
HCC Insurance Holdings has revealed that it expects its chairman Christopher Williams will take the reins from current president and CEO John Molbeck Jr by 31 May 2013 at the latest.
28 April 2011
Everest and Montpelier add to heavy Q1 losses on record cats
Everest Re and Montpelier Re have become the latest Bermudian reinsurers to unveil significant first quarter net losses that reflect the record catastrophe activity in the period.
28 April 2011
S&P revises Japan’s rating on quake costs
Ratings agency Standard & Poor's has put a negative outlook on Japan's long-term credit rating due to concerns about rebuilding costs after the March 11 earthquake and tsunami.
27 April 2011
Further catastrophes will be capital events, says Marsh
Hits to capital are likely for global reinsurers if further catastrophes happen this year, potentially triggering an end to the soft market, according to global broker Marsh.
27 April 2011
Delphi lifts net income 38% in Q1
US insurer and Omega suitor Delphi Financial Group reported first quarter operating earnings of $51.5mn, up 11 percent year-on-year
27 April 2011
AJ Gallagher Q1 results fall short despite return to organic growth
Major US and international broker AJ Gallagher's first quarter results fell below analysts' expectations despite achieving organic growth
27 April 2011
Heavy Q1 cats drop Transatlantic to $190mn loss
US reinsurer Transatlantic Holdings joined Bermudian rivals RenaissanceRe and Platinum Holdings in slipping to a heavy first quarter net loss following the record catastrophe losses in the period.
27 April 2011
RenaissanceRe falls to $248mn loss on Q1 cats
RenaissanceRe has booked a $248mn Q1 net loss as cat losses from Australian floods, the February New Zealand quake and last month's Japan disaster added 212.3 percentage points to its combined ratio.
27 April 2011
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