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Alterra income boosted by merger
Newly formed Alterra Capital - the merged Max Capital/Harbor Point - posted net income of $103.4mn for the second quarter of 2010.
09 August 2010
XL scales back Deepwater as it ‘recaptures’ lost clients
With commentators watching last week's earnings releases closely for deterioration in H1 catastrophe losses, XL Group took a small step the other way by further scaling back its relatively modest Deepwater loss estimate.
09 August 2010
PartnerRe profits down; lowers Chile estimate
PartnerRe came in below analysts' consensus estimates as it booked operating profits of $151.5mn for the second quarter, down from $179.3mn in the prior-year period.
09 August 2010
Validus regains ground despite Q2 cats
Bermudian (re)insurer Validus regained traction in the second quarter, returning a positive result after taking a heavy $306mn hit in Q1 on the Chilean earthquake and other cat losses.
09 August 2010
Lloyd’s syndicates reluctant to cut back 2011 capacity
Despite dismal underwriting prospects, only three Lloyd's syndicates with third-party capital have so far proposed an actual cut in 2011 capacity
09 August 2010
Allied World in $250mn share buyback following first quarter gains
Allied World Assurance Company Holdings has bought $250mn worth of shares back from founding investor Goldman Sachs, after posting first-half net income growth of 30 percent last week.
09 August 2010
Bermudian grandees take their final bow
There have been a flurry of departures in the past year as a generation of (re)insurance executives responsible for building significant Bermudian carriers walk off into the sunset.
09 August 2010
Forecasters ease US 2010 storm predictions
The meteorologists who have predicted an above-average 2010 storm season are rapidly revising their forecasts after another subdued start.
09 August 2010
US P&C rates down 3%; 2010 to stay soft
Competitive conditions continue to prevail in the US P&C market, with the composite rate measuring down 3 percent year-on-year in July, according to information provider MarketScout.
09 August 2010
HCC profits dip while London grows
Net earnings at HCC Insurance Holdings fell back by 11 percent to $155mn in the first half of the year, as the effects of higher claims were compounded by growing operating expenses.
09 August 2010
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