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Scor profits despite 2010 cats
Scor confirmed its ability to generate top and bottom line growth despite the sluggish markets with a non-life combined ratio of 98.9 percent and a rise in both group profits and premium income
08 March 2011
US soft market persists as competition for large accounts continues
The prevailing soft market conditions in the US insurance market have continued into February with property and casualty (P&C) rates falling 5 percent for the fourth consecutive month, according to MarketScout.
07 March 2011
Aspen targets US expansion with Vitale hire
Bermuda-headquartered Aspen Insurance Holding has appointed Mario Vitale to oversee its US operations as the firm continues its ambitious plans for growth in the states.
07 March 2011
Chaucer posts meagre £6.7mn underwriting return
Takeover target Chaucer Holdings booked modest underwriting profits of just £6.7mn in 2010 as its combined ratio widened to 99 percent on the back of £85mn of cat losses
07 March 2011
Hannover Re puts NZ losses at EUR150mn
Global reinsurer Hannover Re has estimated that the latest New Zealand earthquake will cost it up to EUR150mn, based on an insured industry loss of $NZ10bn ($7.37bn)
04 March 2011
Fairfax strengthens centre with Barnard promotion
Fairfax Financial Holdings has promoted OdysseyRe CEO Andrew Barnard to the new position of president and COO of its (re)insurance operations
04 March 2011
Allied World the latest to win Florida collateral benefit
Allied World Bermuda, the Bermuda operation of Swiss-based Allied World Assurance Company, has become the latest carrier to be approved by the state of Florida as an eligible reinsurer
03 March 2011
Hardy profits halved on international treaty losses
Hardy Underwriting's pre-tax profits halved to £10mn in 2010 after international cat losses dragged its property treaty segment to a combined ratio of 160.1 percent
03 March 2011
Novae doubles profits and eyes redomicile
Novae Group has booked a 105 percent increase in underlying pre-tax profits to £36.2mn for 2010 with its combined ratio (CR) down by 7.8 percentage points to 91.4 percent.
03 March 2011
Tokio Millenium Re gets green light for $80mn Australian operation
Tokio Millenium Re (TMR) has been given the green light to begin underwriting through its new $80mn capitalised Australian operation as it looks to expand its global presence.
03 March 2011
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