Reinsurance
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.
Max and Harbor Point shareholders approve merger
Respective shareholders have voted in favor of all proposals necessary to consummate a merger of equals of Max and Harbor Point to form Alterra.
Novae gross premiums up 48% in first quarter
(Re)insurer Novae, says its gross written premium for the first three months of 2010 hit £167.2m, up 48% on last year's £113.1m.
Ace Q1 net income up 33%
Ace has reported its net income is up in Q1, but its combined ratio has also risen following heavy catastrophe losses.
Munich Re pays EUR 1.1bn to shareholders
German reinsurance firm Munich Re has announced Q1 profit and affirmed its 2010 target despite cat losses.
Transatlantic Q1 results dip
Transatlantic has reported net income of $16m for the first quarter of 2010 compared to $75m for the first quarter of 2009.
Everest Re reports Q1 loss on high cat claims
Everest Re reported a net loss of $22.7m, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6m, or $1.76 per diluted common share, for the first quarter of 2009.
Allstate report Q1 net income upswing
Allstate said that net income in the first three months of the year rose to $120m from a loss of $274m this time last year.
R&Q income grows but profit drops
Randall & Quilter, the specialist non-life insurance investor, has reported a 17% of growth in group income for 2009.
Aspen Q1 results plummet on cat losses
Aspen has reported a net profit after tax for the first quarter of 2010 of $18.3m. This compares to a net profit after tax of $91.4m.
Willis international arm hit by "weak" UK and Ireland
Willis has reported net income from continuing operations for the first quarter of 2010 was $204m, compared with $192m in the same period a year ago.
Willis international arm hit by "weak" UK and Ireland
Willis has reported net income from continuing operations for the first quarter of 2010 was $204m, compared with $192m in the same period a year ago.
Election 2010 - who do you think has performed the best?
With the last televised leader's debate tonight which of the three main political leaders do you think has performed best in the run up to the election?
EMB expects surge in UK motor reinsurance claims
PPOs add unpredictability into the emerging claims picture for UK motor reinsurers
Deepwater Horizon oil rig continues leaking oil as claims rise
Owner BP expects its self-insurance and captive insurance to cover costs associated with a massive clean-up effort, which has been said to be costing $6m a day.
Assurant purchases $150m reinsurance through cat bonds
Assurant subsidiaries have entered into reinsurance agreements providing for $150m in multi-year, fully collateralized reinsurance from Ibis Re, a special purpose reinsurance company domiciled in the Cayman Islands.
Montpelier appoints US CEO
Short-tail (re)insurer Montpelier Re has named Dick Nenaber CEO of Montpelier US Insurance Company (MUSIC).
AIG “relatively stable” – US government
AIG has remained in “relatively stable” financial shape since September last year, the United States Government Accountability Office said.
Analysts positive on Scor results
Analysts watching Scor’s first quarter results are pleased that the group’s bond exposure does not extend to some of the European Union’s more troubled countries.
XL Insurance launches global claims system with Accenture
XL Insurance and Accenture are implementing a new centralised global claims management system to support the insurer’s operations in 25 countries.
Alexander Dreyer joins Miller to head the European financial institutions team
Miller has enhanced its financial institutions business with the appointment of Alexander Dreyer.
Scor Q1 net income falls 61%
High natural catastrophe losses are behind Scor’s reported €36m losses in the first quarter of 2010, according to the company.
LMA nominates Beaton as Xchanging rep
The Board of Xchanging Claims Services has announced that Ian Beaton has been appointed as the Lloyd’s Market Association’s representative to be a non-executive director of XCS.