Company results
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.
SSP reveals profits rise
Technology firm SSP has revealed that its profit had risen 5% to £17m on revenues of £75m (up 2%) for the 12 months ended 31 March 2010.
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 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.”
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.”
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.
JLT seeing “increasingly soft market”
Broker JLT held its annual general meeting on 29 April, stating its outlook is “encouraging” for the 2010/11 financial year.
CFC reports 28% rise in gross premium income
CFC has announced a 28% rise in gross premium income on 2008, taking it to £29.8 million. The specialist lines underwriting agency also revealed operating profit increased by 41% to £2.39 million.
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.
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.
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.
RenRe reports Q1 net income of $165m
Bermuda (re)insurer RenaissanceRe has reported net income of $165m, or $2.73 per diluted common share, in the first quarter of 2010. This compares to $97.3m for the first quarter of 2009.
Montepelier makes minor Q1 gains despite cat losses
Montpelier Re, the Bermudian (re)insurer, managed to eke out a gain in the first quarter of the year, despite having a monster jump in combined ratio.
Admiral CEO bullish despite Confused turnover decreasing 5% in Q1
Henry Engelhardt, Admiral chief executive, this morning said his business had "continued to grow and prosper in the last three months".
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.