Reinsurance
Max Capital puts low cat loss down to "conservative underwriting"
Max Capital has reported net income of $36.4m for the quarter ended 31 March, compared to net income of $44.5m for Q1 2009.
CEA boss outlines concerns to Commission public hearing
The CEA, the European insurance and reinsurance federation, today reiterated its support for the EU’s new Solvency II regulatory regime but called for more work to be done on the Level 2 measures that will put the flesh on the bones of the Framework…
Endurance Q1 results fall 28% on cat losses
Endurance Specialty Holdings reported a fall in first-quarter profit of more than 28%, after it suffered estimated losses of $65m from catastrophes.
Job losses expected in wake of First City and AJG merger
A number of employees are set to lose their roles after Arthur J Gallagher’s takeover of First City, Reinsurance has learned.
Hannover Re non-life book hit by major losses
Hannover Re has reported what it described as "vigorous premium growth" in the first quarter of 2010.
Torus set to complete Glacier acquisition
Property and casualty insurer and reinsurer Torus has acquired Glacier Group subsidiary Glacier Insurance subject to regulatory approval.
PartnerRe president and CEO to retire
Patrick Thiele has decided to retire in December and will also step down from the board of directors.
Hannover Re non-life book hit by major losses
Hannover Re has reported what it described as "vigorous premium growth" in the first quarter of 2010.
Torus set to complete Glacier acquisition
Property and casualty insurer and reinsurer Torus has acquired Glacier Group subsidiary Glacier Insurance subject to regulatory approval.
XL shareholders approve Ireland move and renaming to "Group"
XL Capital has received ordinary shareholder approval changing the parent holding company’s place of incorporation from the Cayman Islands to Ireland.
GI job demand hits new high, although salaries go backward
Salary offers for new jobs dropped back below 2009s level, although demand from UK employers for new workers remained steady in April according to the Reed Job Index published today.
XL shareholders approve Ireland move and renaming to "Group"
XL Capital has received ordinary shareholder approval changing the parent holding company’s place of incorporation from the Cayman Islands to Ireland.
Climate change: Just the beginning
After the failures of the conference in Copenhagen, Rachel Gordon looks at the work done by insurers in ensuring the threat of climate change is properly addressed.
The Aldermanbury Declaration - watch the debate
If you missed yesterday's live webinar debating the recently launched Aldermanbury Declaration it is now available for viewing on-demand.
Validus to take hit of up to $45m from Deepwater Horizon oil platform
Validus has provided an estimate of losses from the Deepwater Horizon oil platform loss in the Gulf of Mexico.
Aon Q1 net income and reinsurance commissions drop
Net income attributable to Aon stockholders was $178m, compared to $280m for the prior year quarter. Retail commissions rise but reinsurance commissions drop.
Mapfre profits dip 4.8% as it takes €80.8m.earthquake hit
Mapfre has reported a 8.9% rise in revenues in the first quarter of 2010 to €5892.4m, and a net attributable result of €273.1m.
Mapfre Q1 results decline
Mapfre achieved in the first quarter of the year a net attributable result of €273.1m, 4.8% less than in the same period of the previous year, “as the extraordinary results obtained in 2009 by the group’s parent holding company were not repeated.”
Deepwater Horizon rig to cost PartnerRe $60-70m
PartnerRe has provided its initial estimate of expected claims relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico.
Mapfre profits dip 4.8% as it takes €80.8m.earthquake hit
Mapfre has reported a 8.9% rise in revenues in the first quarter of 2010 to €5892.4m, and a net attributable result of €273.1m.
Mapfre Q1 results decline
Mapfre achieved in the first quarter of the year a net attributable result of €273.1m, 4.8% less than in the same period of the previous year, “as the extraordinary results obtained in 2009 by the group’s parent holding company were not repeated.”
The TV leader's debate on the economy - who won?
Last night the three main political leader's debated the economy live on the BBC.
PCI weighs in on Senate regulatory reform debate
The Property Casualty Insurers Association of America (PCI) has voiced concerns over the reform of payments into resolution funds.
KenyaRe 2009 profit falls 18%
KenyaRe reported a fall in full-year pretax profit to 1.46bn shillings ($18.0m) in 2009 compared with the year before.