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Rebounding Mapfre shrugs off Chile hit
Spain and Latin America's largest (re)insurer Mapfre achieved an 8.7 percent increase in revenues for full year 2010, despite a EUR 106.1mn hit from the Chilean earthquake.
03 February 2011
QBE linked with Balboa acquisition talks
Australian insurer QBE is in advanced negotiations with Balboa over a potential takeover bid for around $2bn, according to reports.
03 February 2011
WR Berkley full-year net income up 45%
US-based casualty specialist WR Berkley's full-year net income rose by 45 percent to reach $449mn as the firm bounced back from heavy investment losses in 2009
03 February 2011
Executive Liability Review 2011
It pains me to watch, in agonising slow motion, the impending carnage in the executive liability sector as capacity continues to flood a market that is turning its back on outstanding claims.
03 February 2011
Large reserve releases drive Markel Q4 earnings leap
Markel Corp posted a 97 percent combined ratio for 2010, with large prior-year reserve releases in the final quarter enabling the firm to beat Wall Street earnings expectations
03 February 2011
Livecat ILWs trade on Cyclone Yasi
As Cyclone Yasi bore down on Australia's Queensland coast as a Category 4 storm yesterday (2 February), brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses, our sister title Trading Risk revealed
03 February 2011
Munich Re slides into underwriting loss on EUR500mn cat bill
Munich Re's full-year profits slid by 5 percent to EUR2.43bn as it reported that catastrophes had cost it EUR495mn in the final quarter of 2011 and pushed its full-year combined ratio over 100 percent.
03 February 2011
Economic losses from Yasi $2bn-$5bn
Cyclone Yasi, the storm that has lashed the coast of Queensland in the past 24 hours, is likely to inflict economic losses of between $2bn and $5bn, according to a preliminary estimate from Eqecat
03 February 2011
Livecat ILWs trade on Cyclone Yasi
As Cyclone Yasi bore down on Australia's Queensland coast as a Category 4 storm today (2 February), brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.
02 February 2011
International digest
Scor targets low Swiss yields to issue SFR400 debt offer; Australia floods: up to $10bn; Endurance in Perry buyout; Platinum in RenRe buyback; ‘AIG will not split'...
02 February 2011
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