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Catlin grows 10% in 2010 but investments hit profits
Catlin's pre-tax profit for 2010 dropped by a third from the previous year to $406mn as investment returns halved
10 February 2011
Allstate misses Q4 analyst earnings projections on cats
US giant Allstate Corp's Q4 net profits fell 43 percent from the $518mn reported in the prior-year period to $296mn, as it felt the impact of significantly higher catastrophe losses
10 February 2011
Everest Re profits up 50%
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
10 February 2011
Endurance profits down on cat losses; beats expectations
Endurance Specialty Holdings reported that net profits for the fourth quarter and full year 2010 fell by almost a third largely due to the impact of catastrophe loss activity on its reinsurance book
10 February 2011
Xchanging stock halves on profits warning and CEO departure
Shares in London market back office provider Xchanging more than halved in value today (9 February), after the UK outsourcing firm posted a profits warning and its founding CEO David Andrews stepped down.
09 February 2011
FSA chief warns UK industry to engage with Europe
The UK insurance industry must increase its lobbying efforts in the European Union as domestic influence becomes less relevant, according to the head of the UK's Financial Services Authority (FSA) Hector Sants
09 February 2011
Platinum falls to Q4 loss on cat loading
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
09 February 2011
Chartis strengthens long-tail reserves by $4.1bn
American International Group's (AIG) property and casualty (re)insurer Chartis has said that it will add $4.1bn to its loss reserves to protect against adverse development in long-tail casualty classes
09 February 2011
UK ‘big chill’ losses double to £1.4bn
The UK insurance industry took a £1.4bn hit from the freezing weather that brought the nation's economy to a stand-still for much of December - twice the amount it paid out for the previous winter
09 February 2011
XL Q4 results up despite Oz losses
XL Group reported a $23mn fourth quarter loss on Australian flooding but still posted a quarterly profit of $188mn, turning around the $40mn loss reported in the same period of 2009
09 February 2011
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