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Transatlantic expects up to $100mn Q1 Aussie loss
Transatlantic Holdings expects to take pre-tax net catastrophe costs of between $50mn and $100mn in the first quarter as a result of Australian weather events including the Brisbane floods and Cyclone Yasi.
14 February 2011
Allstate misses analyst earnings projections on cats
US giant Allstate Corp's fourth-quarter net profits fell 43 percent from the $518mn reported in the prior-year period to $296mn, as it felt the impact of significantly higher catastrophe losses.
14 February 2011
Quanta counts cost of run-off
Distressed insurance company Quanta Capital Holdings Ltd revealed a $42.9mn loss for the second quarter and said it was talking to its bankers after defaulting on its credit facility following the rating downgrades earlier this year.
14 August 2006
Not The Real Catastrophe
RSA and CGNU handled the recent floods with aplomb, but will they and smaller insurers find themselves suffering after the latest storms? Loss assessors are an unreliable bunch. Take the dreadful flooding that in England's south east recently; before
01 November 2000
FTSE 100 companies increasing risk reporting: Marsh
FTSE 100 companies are reporting risk above and beyond what the UK's regulatory regime requires, according to research undertaken by broking giant Marsh Ltd.
05 November 2007
French floods cause EUR700mn loss
The fatal flash floods that struck southern France on 15 June, killing 25 people, are set to cost insurers nearly EUR700mn, according to estimates from national industry body Fédération Française des Sociétés d'Assurance (FFSA).
28 June 2010
Platinum appoints new CFO
Bermudian (re)insurer Platinum Underwriters Holdings has appointed James Krantz as executive vice president and CFO.
29 May 2007
Guy Carpenter drives new business push at MMC
Strong growth at subsidiaries Guy Carpenter, Kroll and Mercer pushed Marsh & McLennan Companies Inc (MMC) to book fourth quarter 2006 revenue growth of 9 percent to $3.1bn, as it reported consolidated net income of $226mn for the period.
13 February 2007
Markel in $135mn US workers’ comp acquisition
Specialty insurer Markel Corporation acquired privately owned US workers' compensation insurer Aspen for $135mn in cash, it was announced last week.
19 July 2010
Validus set to renew energy sidecar
Validus Re will take a decision shortly on whether to renew its $200mn energy sidecar Petrel Re but says it looks likely to continue with the facility.
11 September 2007
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