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RLI results boosted by reserve releases
US specialty P&C insurer RLI Corporation reported underwriting income of $19mn for the first quarter, up 50 percent year-on-year
20 April 2011
AIG signs $3.5bn asbestos deal with Berkshire Hathaway
AIG has signed a reinsurance deal with Berkshire Hathaway's National Indemnity Company to transfer the bulk of its US asbestos liabilities
20 April 2011
Catlin estimates $200mn Japan loss
Lloyd's insurer Catlin will take a $200mn loss on the 11 March earthquake and tsunami that devastated north-east Japan
20 April 2011
Chaucer accepts £313mn bid from US insurer The Hanover
Specialty US insurer The Hanover has lodged a £313mn ($510mn) all cash bid for Chaucer that has been accepted by the Lloyd's carrier
20 April 2011
Platinum opens Q1 reporting with $157.2mn loss
Platinum Underwriters unveiled a Q1 net loss of $157.2mn as it opened a reporting season that is expected to see many of its peers in the red for the period as a result of record catastrophe losses.
20 April 2011
Colemont aviation MD set for exit
Colemont Insurance Brokers' managing director of aviation Tim Liddiard will leave the company at the end of July, The Insurance Insider understands
19 April 2011
RSA upgraded on 2011 profitability outlook
Ratings agency Fitch has upgraded its insurer financial strength (IFS) rating for Royal Sun Alliance (RSA) to A from A-, citing the group's growing diversification and expectations of improved profitability in 2011
19 April 2011
Hannover Re takes on Orkney mortality risk
Hannover Re has taken on the mortality risk from a portfolio of life insurance policies reinsured by Scottish Re
19 April 2011
Reinsurer capital reaches all-time high of $470bn
Total global reinsurer capital reached an all-time high of $470bn at the end of 2010 - 17 percent up on 2009, according to Aon Benfield.
19 April 2011
RenRe alerts market to $220mn Japan loss
RenaissanceRe has belied its reputation as the last of the cat specialists by reporting Japanese losses of only $220mn
19 April 2011
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