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PartnerRe defies NZ losses to beat forecasts
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.
04 November 2010
Solvency II catastrophe standards out of date, says Aon Benfield
Aon Benfield has branded the standard formulas proposed for natural catastrophe modelling under Solvency II regulations as a "disappointing backward step" for the industry.
04 November 2010
Hartford’s P&C segment profits up by 16%
US-based composite insurer Hartford Financial Services Group saw the return from its property and casualty segment grow by 16 percent to $300mn.
04 November 2010
Hannover Re receives rating agency boost
German reinsurer Hannover Re and its operating entities have received a rating agency fillip, with AM Best upgrading its outlook from stable to positive.
04 November 2010
RSA adds 10% to nine-month top line
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.
04 November 2010
Zurich non-life profits down 21%
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.
04 November 2010
Swiss Re repays Berkshire Hathaway as Q3 income doubles
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.
04 November 2010
Scor Syndicate 2015 wins Lloyd's approval for 1/1 start
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.
03 November 2010
Azerbaijan suspends Aon broking licence, reports suggest
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.
03 November 2010
New Florida governor puts Citizens and FHCF changes on agenda
Changes are on the cards for Florida's centralised property insurance funds after voters elected a radical Republican governor to replace incumbent Charlie Crist.
03 November 2010
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