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Swiss Re takes $700mn cat hit in Q1; $200mn oil loss
Swiss Re has defied analyst predictions to turn a first quarter profit, as mark-to-market gains on its investment portfolio helped absorb an estimated $700mn catastrophe loss hit.
06 May 2010
XL holds steady through Q1 losses
XL Capital has posted a first quarter profit on a dramatic improvement in realised investment losses, and despite an 11 percentage point deterioration in its loss ratio from Q1 catastrophes.
05 May 2010
Lancashire doubles Q1 property cat premiums
Bermudian (re)insurer Lancashire has reported aggressive growth in its first quarter property catastrophe portfolio, doubling premium volumes written in the same period of 2009.
05 May 2010
Amlin to launch $1.4bn European reinsurer
Lloyd's insurer Amlin plc is to launch a Zurich-based reinsurance company that will target European business that does not typically flow into the London or Bermudian markets.
05 May 2010
Marsh’s organic growth flat in Q1
Marsh and McLennan Companies' (MMC) Q1 results show that its broking businesses managed to maintain organic revenues on a par with the same quarter a year earlier, despite the soft global (re)insurance market.
04 May 2010
Thiele to leave Partner Re at year end, new CEO revealed next week
Patrick Thiele, president and CEO of PartnerRe is to retire at the end of 2010 after a decade at the helm of the Bermudian-headquartered global reinsurer.
04 May 2010
Hannover releases bring profit despite Q1 cats
Hannover Re posted first quarter net income of EUR157mn despite catastrophe losses exceeding its figure for the whole of 2009, as reserve releases swung its combined ratio below 100 percent.
04 May 2010
Administrators axe 900 jobs at Quinn
The administrators running Quinn Insurance have announced that 900 staff will be made redundant, as the search for a buyer for the troubled Irish insurer begins in earnest.
04 May 2010
Flagstone grows top line and rebrands syndicate
Bermudian (re)insurer Flagstone Re posted total revenue growth of 38 percent for the first quarter to $251mn, as it rebranded its Lloyd's syndicate.
04 May 2010
Max exceeds forecasts as cat losses are revised down
Bermudian (re)insurer Max Capital comfortably exceeded analyst forecasts for Q1 with $36mn earnings, as it downgraded its estimated cat hit from February's Chilean earthquake and European Windstorm Xynthia to just $10mn.
04 May 2010
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