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  • PartnerRe reported operating earnings of $282mn for the third quarter despite $64mn losses from the New Zealand earthquake. The figure was in line with the same period last year.
  • Aon Benfield has branded the standard formulas proposed for natural catastrophe modelling under Solvency II regulations as a "disappointing backward step" for the industry.
  • US-based composite insurer Hartford Financial Services Group saw the return from its property and casualty segment grow by 16 percent to $300mn.
  • German reinsurer Hannover Re and its operating entities have received a rating agency fillip, with AM Best upgrading its outlook from stable to positive.
  • UK and international property and casualty insurer RSA added 10 percent to its top line in the first nine months of the year, taking net written premiums (NWP) to £5.5bn, according to its interim management statement.
  • Global insurance giant Zurich Financial Services has reported a 21 percent decline in non-life business operating profits over the first nine months of the year to $1.96bn.
  • Reinsurance giant Swiss Re announced today (4 November) that it has repaid its SFr3bn debt to Warren Buffett's Berkshire Hathaway, as it reported third-quarter net income of $618mn that was almost double the profit earned in the same period last year.
  • Global reinsurer Scor has received approval in principle to start a new £75mn Lloyd's syndicate for the 2011 year at 1 January, a move first revealed in September by The Insurance Insider.
  • The Azerbaijan State Insurance Supervision Service has suspended the licence of global broker Aon's Azerbaijani operations for six months, according to a report from the Fineko Agency's ABC.az website.
  • Changes are on the cards for Florida's centralised property insurance funds after voters elected a radical Republican governor to replace incumbent Charlie Crist.