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  • Bermudian reinsurer Platinum Underwriters has reported a $17.7mn fourth-quarter net loss on cat losses of $78.1mn, led by the New Zealand earthquake and a $9.9mn charge from Australian floods.
  • PartnerRe booked a slump in fourth-quarter net profits as investment writedowns combined with catastrophe losses to hit its bottom line.
  • Endurance Specialty Holdings reported that net profits for the fourth quarter and 2010 fell by almost a third largely due to the impact of catastrophe loss activity on its reinsurance book.
  • In contrast to a number of its Bermudian compatriots, Everest Re has booked fourth-quarter net and operating profits that are significantly higher than in the comparable prior-year periods.
  • Bermudian short-tail specialist Montpelier Re drew more than 97 percent of its 2010 underwriting income from reserve releases as claims came close to doubling.
  • Bermudian powerhouse Axis Capital has held up robust fourth-quarter net profits as its full-year net income almost doubled on strong realised gains in its investment portfolio.
  • Bermudian (re)insurer Alterra reported a 23 percent rise in full-year net income to $302.3mn as its merger last May helped to boost premium income.
  • XL Group's financials received a muted response from analysts despite reporting consensus beating fourth-quarter operating earnings per share (EPS).
  • Fourth-quarter net and operating profits slipped at Aspen Insurance Holdings as deteriorating losses from the New Zealand earthquake hit its bottom line.
  • Transatlantic Holdings expects to take pre-tax net catastrophe costs of between $50mn and $100mn in the first quarter as a result of Australian weather events including the Brisbane floods and Cyclone Yasi.