Admiral has extended its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re into 2014.
Reinsurance |
03 Feb 2012
Exceptional major losses and “burdens from the financial crisis” slashed Munich Re’s profit last year by more than 70% to €0.71bn from €2.43bn in 2010. This was despite gross written premiums being up by almost 9% to €49.6bn (€45.5bn).
Reinsurance |
02 Feb 2012
Ace Insurance has reported 49% change in its year end profit having reported net income of $1.59bn (2010: $3.11bn) in 2011.
Insurer |
01 Feb 2012
Lancashire Holding’s decision to increase its reserves for the Japan earthquake and Thai floods removes uncertainty that exists with other firms and makes it a good buy, according to analysts at Jeffries.
Reinsurance |
31 Jan 2012
Lancashire Holdings has increased its estimated exposure to the Tohoku earthquake by $42.2m, or 56%, to a net loss estimate of $117.3m (£74.8m).
Reinsurance |
30 Jan 2012
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Renaissance Re estimates the flooding in Thailand will cost it $45m (£29m) from its fourth quarter 2011 results but it said revisions of the New Zealand earthquake and the Tohoku earthquake losses are not expected to be significant.
Reinsurance |
26 Jan 2012
Brit reinsurance boss Jonathan Turner has left the firm as the business merges its reinsurance and global markets strategic business units.
Reinsurance |
25 Jan 2012
HCC Insurance Holdings has revealed fourth quarter Thailand flooding catastrophe loss estimates of $10m (£6.4m), taking the year’s losses to $117m.
Insurer |
25 Jan 2012
Bermudan-based reinsurer Montpelier Re and Lloyd’s insurer Mitsui Sumitomo have refused to comment on rumours that they will bid on troubled Lloyd’s insurer Hardy.
Insurer |
24 Jan 2012
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International reinsurers will have to be “seriously convinced” the Thailand government’s catastrophe fund is profitable if they are to insure it.
Reinsurance |
24 Jan 2012
As January draws to a close, the past week has been a busy time in the world of insurance broking. Aon Benfield, Willis and Marsh all welcomed new chief executives, while Towergate, UIB and Prime Professions also made moves for new staff. However...
Insurer |
24 Jan 2012
International reinsurer Hannover Re has suffered a marine hull loss of €30m from the Costa Concordia disaster.
Reinsurance |
23 Jan 2012
Barbican sent a letter to rival Omega this week outlining a “merger of equals”.
Lloyd's/London |
20 Jan 2012
Munich Re expects its share of claims from the stricken cruise ship Costa Concordia to be in the mid double-digit million euro range.
Reinsurance |
19 Jan 2012
Despite an abrupt and fractious first meeting many years ago, Bobby Gracey and Dr James Lygate are now business partners...
The industry must band together to push the added value that insurers offer, says Elliot Miller.
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Editor's comment: Oxygen offers lessons for all
The ‘breath of fresh air’ puns were never too far away when the London market broker Oxygen was launched in 2004 with...