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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, on a 3 percent drop in net earned premiums to $659.9mn
18 February 2011
Argo's full-year combined ratio inflates to 103%
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
18 February 2011
Allied World full-year profits increase 10%
Full-year 2010 net income at Allied World rose by 10 percent to $665mn as strong reserve releases combined with higher realised investment gains to offset a heavier claims profile
18 February 2011
Radical UK regulatory proposals attract legal fire
UK Treasury proposals to give the incoming financial regulatory bodies greater freedom to act in public have drawn immediate criticism from London lawyers.
17 February 2011
Achilles Brit offer goes unconditional at 80%
Achilles, the acquisition vehicle for Apollo and CVC's takeover of Brit Insurance, has made its offer of up to 1,100p per Brit share unconditional after it lowered its acceptance threshold to 80 percent
17 February 2011
Swiss Re urges patience on capital returns
Swiss Re has more in its kitty for the kind of dividend payments it announced with its 2010 results today (17 February), but urged patience on further capital returns as it looks for growth opportunities
17 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
17 February 2011
Platinum adds $140mn to buybacks programme
The board of Bermudian reinsurer Platinum Underwriters has announced an increase in the limit of its share buybacks programme to $250mn from the $110mn remaining on its existing authorisation
17 February 2011
Swiss Re profits up 74% despite Berkshire repayment drain
Swiss Re lifted its annual net income by 74 percent to $863mn last year despite repaying a 2009 Berkshire Hathaway loan and a 30 percent year-on-year drop in P&C operating income to $2.5bn
17 February 2011
Equity Syndicate’s losses could mount to £480mn
Equity Syndicate 218's losses from its misfiring motor book are likely to reach £480mn, figures released by Equity Syndicate Management Limited suggest.
17 February 2011
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