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Berkshire Hathaway discloses $587mn 2010 cat bill and holds back on capacity
Berkshire Hathaway has revealed nearly $600mn of losses from the heavy toll of cat events for the first half of 2010, while continuing to rein in its reinsurance capacity because of poor pricing.
09 August 2010
Allianz improves CR with reserve releases
German insurance leviathan Allianz Group reported a 22.7 percent rise in operating profit to EUR2.2bn for the second quarter
06 August 2010
Investment gains drive Allied World profits
Allied World Assurance Company Holdings (AWAC)'s net income for the first six months of the year grew to $317.7mn, up from $245.1mn in H1 2009.
06 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.
06 August 2010
Goodwill charge drags AIG to $2.7bn Q2 loss
American International Group (AIG)'s general P&C business, Chartis, reported a healthy $955mn in operating income for the second quarter and a combined ratio that fell from 102 percent to 98.2 percent.
06 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 the first three months on the Chilean earthquake and other cat losses.
06 August 2010
H1 profits slip at Catlin; grows energy book
Catlin Group's first half profits fell by $154mn year-on-year to $86mn after being hit with $180mn in combined estimated losses from the Chilean earthquake and Deepwater Horizon catastrophes.
06 August 2010
Broking executive jailed for bonus fraud
Ex-Besso broker Timothy Barker has been jailed for three-and-a-half years for inflating performance figures to boost his bonuses.
05 August 2010
RSA reveals mammoth £1.2bn Chile losses
UK insurer RSA has disclosed a £1.2bn gross loss on the Chilean earthquake disaster as part of its first-half results released today (5 August).
05 August 2010
Hardy scrapes H1 profit despite cat blows; shares climb
Bermuda-domiciled Hardy Underwriting defied market fears of a loss to eke out a £0.8mn pre-tax profit in H1 despite bruising catastrophe losses in Chile and Australia.
05 August 2010
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