Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Lloyd’s CFO Stresses Overall Strength after Record Loss
Sep 22 2011 // Lloyd’s of London reported the largest first half loss in its 323 year history yesterday, Sept. 21 – £697 million, or over $1 billion. However, Lloyd’s Chief Financial Officer, Luke Savage, was...
Lloyd’s Reports Billion Dollar First Half Loss Due to Catastrophes
Sep 21 2011 // As had been more or less predicted, Lloyd’s posted a £697 million [$1.094 billion] pre-tax loss for the first six months of 2011, compared to an overall profit of £628 million [$985.6 million] as of June 30, 2010....
AIR Lowers Insured Loss Estimates for Hurricane Irene in the Bahamas
Sep 16 2011 // Catastrophe modeling firm AIR Worldwide has revised its industry insured loss estimates for Hurricane Irene’s impact in the Bahamas to between $200 million and $400 million (previously $300 million to $700...
Allstate Reports $500M in Losses from Hurricane Irene
Sep 15 2011 // Allstate Corp. lost $500 million on Hurricane Irene, the largest publicly traded home and auto insurer in the United States said Thursday, much less than it lost from tornadoes earlier this year. In total, Allstate said...
Insured Losses from Texas Wildfires Could Reach $250 Million
Sep 14 2011 // An industry group says insured losses from a week of Texas wildfires could reach $250 million. The Insurance Council of Texas offered the estimate for the more than 180 wildfires reported statewide since Labor Day...
Willis’ Report Finds Airline Industry Losses Hit 5-Year Low
Sep 14 2011 // The airline industry had a “relatively turbulent free start to the third quarter, with losses hitting a five-year low of $794 million,” according to the latest report from the Aerospace division of Willis Group...
Higher Workers’ Comp Loss Costs in New York Start Oct. 1
Sep 14 2011 // An average 9.1 percent increase in New York State’s workers compensation loss costs is scheduled to go into effect Oct. 1. The planned change was previously approved by the New York State Insurance Department in...
How Can Insurance Agents Help the Texas Fire Victims?
Sep 13 2011 // As fires tear through Texas, businesses and homeowners struggle to determine their losses. According to the Insurance Council of Texas, this year’s fire losses are Texas’ worst on record. The Texas Forest...
RMS Estimates Irene Insured Losses At Up to $5.5 Billion
Sep 13 2011 // Hurricane Irene caused between $2.5 billion and $5.5 billion in insured losses in the United States and the Caribbean, excluding flood claims that fall under federal insurance programs, catastrophe modeling company RMS...
The Hartford Warns Q3 Disaster Losses Up Due to Irene
Sep 12 2011 // Insurer Hartford Financial Services Group warned Monday that its third-quarter catastrophe losses would be substantially higher than a year earlier, mostly as a result of last month’s Hurricane Irene. The Hartford,...
Aon Benfield Study Finds Reinsurer’s Capital Recovers in Q2 from Q1 Losses
Sep 9 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp. has released the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial position of the world’s 28...
Swiss Re Report Estimates 2011 First 6 Months Cat Losses at $70 Billion
Sep 9 2011 // Preliminary estimates from Swiss Re’s newly released sigma report indicate that “total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated $70...
AIR Estimates Talas Insured Losses between $150 -$600 Million
Sep 8 2011 // Catastrophe modeling firm AIR Worldwide’s initial estimates for insured losses from Tropical Storm Talas are between JPY 12 billion ($150 million) and JPY 46 billion ($600 million). Talas is the season’s 12th...
Best Affirms Markel International’s Ratings; Syndicate 3000; Outlook Stable
Sep 8 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of ‘a+’ of UK-based Markel International Insurance Company...
SCOR Confirms Earnings Targets; Strategic ‘Strong Momentum’ Plan
Sep 8 2011 // French reinsurer SCOR confirmed the targets of its strategic plan -‘Strong Momentum’ – at its annual Investors’ Day, held on Wednesday in Paris. An updated version of the ‘Strong...
Wildfires Burn Across Texas; Weekend Losses Expected to Top $100M
Sep 6 2011 // While Tropical Storm Lee drenched Southeast Louisiana with up to 15 inches of rain over the weekend, the low pressure system whipped up strong northwesterly winds across Texas that are blamed for the rapid spread of...
Transparency in a Soft Marketplace
Sep 5 2011 // Seeing something through can have quite a bit of meaning, especially when underwriting margins are thin and policyholders are struggling to pay bills. Transparency is a buzz word of sorts and continues to be a challenge...
Discover INSURICA
Sep 5 2011 // Seeking Unexplored Routes to Riches, a Rising Oklahoma Agency Network Finds Its New Corporate Identity, While Doubling Its Size Top 100 Agency Profile Rank: No. 15 Agency Name: INSURICA Insurance Management Network Main...
Fitch: Hurricane Irene Losses Manageable
Sep 2 2011 // Hurricane Irene, while inflicting severe economic damage, will come in far behind the most severe storms to strike United States in recent years, according to a new report by Fitch Ratings. At over $45 billion of insured...
Best Affirms Catlin Insurance Companies Ratings; Outlooks Stable
Sep 2 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of Bermuda-based Catlin Insurance Company...
