Company results
Fortis UK CEO pleased with lot despite £1.8m Q1 net loss
Fortis UK this morning reported non-life and life premiums increased by 18.4 per cent to £234.9m (Q1 2009: £198.4m) in the first quarter of 2010.
Liberty Mutual net income soars
US insurance giant Liberty Mutual has reported net income of $315m for the three months ended March 31, 2010 an increase of $293m over the same period in 2009 despite $411m catastrophe losses in the quarter.
Aviva sees "potential signs" of return to UK GI growth
Aviva today said it is "seeing signs of a return to volume growth" in its UK general insurance book.
Aviva sees "potential signs" of return to UK GI growth
Aviva today said it is "seeing signs of a return to volume growth" in its UK general insurance book.
Mondial reports €56m profit for 2009
Mondial Assistance has reported €1.673bn turnover in 2009 (+4.8% or +5.4% at a constant exchange rate) and a return of €56m. Its combined ratio was 95.9 %.
Mondial reports €56m profit for 2009
Mondial Assistance has reported €1.673bn turnover in 2009 (+4.8% or +5.4% at a constant exchange rate) and a return of €56m. Its combined ratio was 95.9 %.
Berkshire Hathaway Q1 insurance premiums dip
Berkshire Hathaway’s insurance division premiums fell 9.3% to $7.43bn in the first quarter, accounting for about 23% of total group revenue.
Claims firm chair confident as losses ease
The board of Resources in Insurance Group has today reported a 54% reduction in like-for-like first quarter trading losses.
Allied World Q1 profits rise
Allied World saw its profits rise by over $2m during the first quarter of 2010 despite continued competition on pricing and catastrophe losses.
AIG reports net income of $1.5bn
AIG has reported net income of $1.5bn for the first quarter of 2010, or $2.16 per diluted common share, compared to a net loss of $4.4bn in the first quarter of 2009.
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
PartnerRe Q1 results dip
PartnerRe has reported net income of $79.7m for the first quarter of 2010 in comparison to $141.4m in Q1 2009.
Validus reports loss of $118.4m in Q1
Validus Holdings has reported a net loss of $118.4m, or ($0.95 per diluted common share) for the three months ended 31 March 2010, compared with net income of $94.9m, or $1.20 per diluted common share, for the three months ended 31 March 2009.
RBSI records COR of 113.3% in Q1 2010
Royal Bank of Scotland Insurance has reported a combined operating ratio, including business services costs, of 113.3% for the first quarter of 2010 compared with 101.5% in Q1 2009.
Axa UK motor book grows 31%
Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).
Axa UK motor book grows 31%
Axa has reported that property & casualty revenues were stable at $9.24bn (£7.83bn) compared to the first quarter of 2009 ($9.1bn).
Swiss Re profits up 22%
Profits at reinsurance giant, Swiss Re have risen, but figures show total premiums have fallen and property casualty unit income has dropped 69% on heavy cat losses.
Swiss Re profits up 22%
Profits at reinsurance giant, Swiss Re have risen, but figures show total premiums have fallen and property casualty unit income has dropped 69% on heavy cat losses.
Markel reports Q1 results upswing
Markel reported net comprehensive income of $134.5m for the quarter compared to a loss of $2m for the first quarter of 2009.
Brit reports GWP fall after declining business
Brit Insurance has reported gross written premium of £483.5m for the first quarter of 2010 – almost 10% down on last year’s £557.6m after turning its back on "inadequately priced business".
Max Capital net income down $8.1m
Max Capital has reported net income of $36.4m for the first quarter, compared to net income of $44.5m for the first quarter of 2009.
Argo Q1 revenue up but hit by heavy cat losses
Total revenue was $372.3m versus $369.5m in the year-ago quarter
XL reports 100.5% combined ratio
XL Capital's property & casualty business has reported a 100.5% (Q1 2009: 92.1%)combined ratio in the first quarter of 2010.
XL reports 100.5% combined ratio
XL Capital's property & casualty business has reported a 100.5% (Q1 2009: 92.1%)combined ratio in the first quarter of 2010.