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Cats take Flagstone’s combined ratio over 100%
Flagstone Re suffered a year of heavy underwriting losses in 2010, driven by a high catastrophe toll.
21 February 2011
Axa results hit by UK life sale
Global insurer Axa reported a 24 percent year-on-year drop in net income to EUR2.7bn for 2010, due to a one-off EUR1.6bn loss on the sale of its UK life business.
21 February 2011
Cat losses drive Liberty Mutual underwriting loss
Boston-based Liberty Mutual slid into an underwriting loss for full-year 2010 after taking a $1.1bn catastrophe hit, up 54.1 percent from the $717mn suffered in 2009.
21 February 2011
Big three brokers bounce back on cost cuts and expansion
The big three broker stocks have risen strongly over the past year as cost-cutting initiatives and expansion drives paid off in their 2010 financial results.
21 February 2011
Fairfax dragged to Q4 loss by investment hit
Prem Watsa's Fairfax Financial Holdings slumped to a $363mn fourth quarter deficit after posting a $684mn investment loss.
21 February 2011
Arch holds off profit slide
Bermudian (re)insurance group Arch saw its 2010 profits fall by only 4 percent, in contrast to many of its rivals.
21 February 2011
Argo's international specialty arm drags results down
Argo Group posted a full-year combined ratio of 103.2 percent after the underwriting result at its international specialty arm deteriorated by 20 percentage points.
21 February 2011
AmTrust acquisitions drive profit growth
US and European specialty insurance group AmTrust reported a 38 percent rise in net income to $142.5mn for 2010, with acquisitions boosting net earned premiums by 30 percent to $745.7mn.
21 February 2011
Allied World’s 2010 profits grow
Full-year 2010 net income at Allied World rose by 10 percent to $665mn as strong reserve releases and higher realised investment gains offset a heavier claims profile.
21 February 2011
Navigators steers into 2010 underwriting loss
Specialty insurer Navigators reported a $4.9mn underwriting loss for 2010, reversing the $19.5mn underwriting profit made in 2009, following a 3 percent drop in net earned premiums to $659.9mn.
21 February 2011
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