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Willis posts 3% organic growth in Q1
Willis has shrugged off the soft market to post a 10 percent increase in Q1 operating income to $301mn, as it succeeded in growing organic revenues across its business.
29 April 2010
Munich Re on track for ‘clear’ Q1 profit
Munich Re is confident it will deliver "a clear profit" for the first three months of the year when it reports on 7 May, despite first quarter catastrophe losses approaching $1bn.
29 April 2010
R&Q books small 2009 loss after Equitas settlement
Randall & Quilter Investment Holdings (R&Q) booked a net loss of £170,000 in 2009, down from a £9mn profit a year earlier, after settling to end litigation against Equitas over LMX liabilities.
29 April 2010
Everest Re posts 124.9% combined ratio in Q1
Everest Re posted a net loss and a substantial deterioration in its combined ratio for the first quarter, reporting an increase of almost 36 percentage points following large catastrophe losses.
29 April 2010
Q1 cats hit Aspen results
(Re)insurer Aspen has seen profits drop in the first quarter after insured catastrophic events in France, Australia and the US took their toll.
29 April 2010
Florida CFO sinks teeth into regulator over cat reinsurance requirements
Florida CFO Alex Sink has written to the state's Office of Insurance Regulation (OIR) commissioner Kevin McCarty questioning the regulator's decision to remove requirements for property insurers to maintain a specific level of cat reinsurance.
28 April 2010
Marsh UK fires starter’s gun on post-HSBC job cuts
Marsh UK has announced that the axe is about to fall on staff as it pushes through the integration of HSBC Insurance Brokers (HIBL), but is unwilling to disclose the likely number of redundancies.
28 April 2010
Berkshire Hathaway buys run-off reinsurer Scottish Lion
Audley Gilroy-owned legacy (re)insurer Scottish Lion has been sold to Berkshire Hathaway in an unexpected deal that closed last night, The Insurance Insider can reveal.
28 April 2010
Nat cats push Scor’s Q1 combined ratio over 108%
Scor's first quarter property and casualty (P&C) combined ratio deteriorated to 108.6 percent from 99.4 percent over the same period last year, following large losses from the Chilean earthquake and Windstorm Xynthia.
28 April 2010
QBE reveals A$470mn large loss hit so far in 2010
Global (re)insurer QBE has unveiled large risk and catastrophe claims totalling A$470mn ($430mn) for the year to date, up from an estimated net $430mn ($394mn) for the same period in 2009.
28 April 2010
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