Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
EQECAT Raises Japan Quake/Tsunami Loss Estimates to $22-$39 Billion
May 10 2011 // Catastrophe modeling firm EQECAT has updated its market loss estimate of $12-$25 billion, issued on March 16, for the March 11 M9 Tohoku Earthquake. EQECAT said that, based on the latest information available, it is...
AIR Estimates Recent Severe Storm Losses at $5.5B
May 9 2011 // Insured loss estimates from the storms that hit the Southern and Southeastern United States in late April total between $3.7 billion and $5.5 billion, says catastrophe modeling firm AIR Worldwide. Insured losses account...
E&O Insights: Are Customers Properly Protected for Business Interruption
May 9 2011 // While you may answer the question posed in the headline by saying that most of your commercial customers have business interruption coverage, the issue here is not whether they have the coverage, but whether they are...
Aon Benfield: Cat Losses, Solvency II Demand Better Model Evaluation
May 9 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., notes that it will be “highlighting how recent natural hazards – coupled with Solvency II – have fuelled demand for more...
Liberty Mutual Posts 14.9% Increase in Net Income in Q1
May 6 2011 // Liberty Mutual Group reported net income of $362 million for the first quarter 2011, an increase of $47 million, or 14.9 percent, over the same period in 2010. Revenues for the three months ended March 31, 2011 were $8.381...
Bonus Scheme Leads to License Loss for North Dakota Insurance Agent
May 6 2011 // A Bismarck, N.D., insurance agent accused of falsifying insurance applications to qualify for weekly bonuses has lost his agent license. North Dakota Insurance Commissioner Adam Hamm revoked the license of Michael Krebs....
AIG Reports $1.5B Net Income Loss in Q1
May 6 2011 // American International Group posted a loss from continuing operations in the first quarter as it recorded a charge of more than $3 billion related to its recapitalization and termination of its credit facility from the...
Report: Workers’ Comp Line Deteriorates Further in 2010
May 5 2011 // Workers’ compensation continued to worsen in 2010 as the combined ratio jumped five points to 115 in 2010 from 2009. In its State of the Line workers compensation market analysis, NCCI Holdings Inc. described the...
First Quarter Earnings Reports: SCOR, Alterra Capital
May 5 2011 //
First Quarter Earnings Report: Swiss Re, Zurich Financial Services
May 5 2011 // Swiss Re has estimated that its first quarter P&C pre-tax catastrophe losses exceed $2.3 billion, resulting in the $1.233 billion operating loss in this sector given above. Swiss Re’s earnings bulletin pointed...
Allianz Preliminary Q1 Figures Show $1.339 Billion Profit
May 5 2011 // Germany’s Allianz has issued a bulletin outlining the Group’s fiexpected financial results for the first quarter of 2011. It will release the full details for the period on May 12. Allianz said that based on...
Cat Losses Rise but State Auto Q1 Income Nearly Even with Last Year
May 4 2011 // State Auto Financial Corp., based in Columbus, Ohio, has reported first quarter 2011 net income of $12.7 million versus net income of $12.9 million for the first quarter of 2010. STFC’s GAAP combined ratio for the...
First Quarter Earnings Reports: Hannover Re, Argo Group
May 4 2011 //
Bank Insurance Fee Income Again Reaches Record High
May 3 2011 // Bank insurance brokerage fee income in 2010 reached a record level as it rose 7.9 percent from $12.36 billion in 2009 to $13.33 billion in 2010, according to a new report. The report, compiled by Michael White Associates...
The Hanover Reports Q1 Profits
May 3 2011 // Massachusetts-based insurer The Hanover posted first-quarter profits of $29.3 million, down slightly from the $41.8 million seen in the year-ago period. Profits came on an increase in net premiums written to $749.9...
First Quarter Earnings Report: PartnerRe
May 3 2011 //
Cincinnati Financial Corp. Sees Decreased Income in Q1
May 3 2011 // Ohio-based Cincinnati Financial Corp. reported first quarter 2011 net income of $62 million compared with $68 million for the same period in 2010. Operating income came in at $55 million compared with $63 million during...
Markel Corp. Enhances Not-for-Profit Management Liability Products
May 2 2011 // Markel Corp. has enhanced their management liability suite of products. These changes are an expansion of Markel’s capabilities following the October 2010 release of their private company Management Liability...
