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Merger boosts Alterra results
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 in 2010
09 February 2011
Xchanging shares tumble on CEO departure and profits warning
The founding CEO of Xchanging David Andrews has resigned with immediate effect, sending the firm's shares into freefall this morning (9 February).
09 February 2011
Axis delivers profit on investments gains and solid combined ratio
Bermudian powerhouse Axis Capital has held up robust fourth-quarter net profits as its full-year net income almost doubled on strong realised gains on its investment portfolio.
09 February 2011
RenRe reserve releases send combined ratio below 20%
Significant reserve releases from prior-year loss events contributed to RenaissanceRe's market-beating fourth-quarter combined ratio figures.
09 February 2011
Novae stock leaps on legacy solution and profits guidance
Novae Group's share price climbed by almost 6 percent today (9 February) after the Lloyd's insurer confirmed plans to finally exorcise its past US casualty reinsurance liabilities and revealed that 2010 profits will be more than 10 percent above analysts' consensus forecast
09 February 2011
Steve Hearn lands Willis Re CEO role
Steve Hearn, currently the CEO of Willis' Faber & Dumas wholesale operation, is to become global CEO of the global broker's reinsurance brokerage Willis Re, The Insurance Insider has learned.
08 February 2011
Brown & Brown suffers 3.3% organic revenue fall in Q4
US retail and wholesale brokerage Brown & Brown registered a 3.3 percent decline in organic revenues in the final three months of 2010
08 February 2011
Flagstone Re takes extra $35mn Australia/NZ hit
Flagstone Re has disclosed an additional $35mn combined fourth-quarter catastrophe hit from the 2010 Queensland flooding and development of losses on aggregate covers from Australian and New Zealand cedants
08 February 2011
Terra Firma confirms Chaucer approach
Guy Hands' private equity vehicle Terra Firma has confirmed that it is weighing up a takeover bid for London-listed Lloyd's insurer Chaucer
08 February 2011
Aspen profits hit by NZ and casualty deterioration
Fourth quarter net and operating profits slipped at Aspen Insurance Holdings as deteriorating losses from the New Zealand earthquake hit its bottom line
08 February 2011
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