Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
The Hartford Sells Medical Stop Loss Business to UnitedHealth Unit
Mar 7 2007 // The Hartford Financial Services Group, Inc. has agreed to sell its medical stop loss insurance business to National Benefit Resources, Inc. (NBR), a subsidiary of UnitedHealth Group, Inc. The transaction is expected to...
RMS Ups Kyrill Loss Estimates
Mar 6 2007 // Newark, Calif.-based RMS has revised its industry loss estimate for windstorm Kyrill to between €3 and €4 billion ($3.94 and $5.25 billion), based on recently available information. “Windstorm Kyrill caused...
Berkshire Reports 29% Jump in Earnings; Seeks Buffet Successor
Mar 5 2007 // Chief Executive Warren Buffett said he plans to hire a young investment manager to help succeed him at Berkshire Hathaway Inc. as the insurance giant recorded a 29.2 percent jump in net income in 2006, helped by a lack of...
Swiss Re Net Jumps 98% to $3.76 Billion; Plans Share Buyback
Mar 1 2007 // Swiss Re announced record 2006 earnings of CHF 4.6 billion ($3.76 billion), a 98 percent increase over 2005. Earnings per share were CHF 13.49 ($11.02), a 16.3 percent return on equity. Shareholders’ equity rose by...
Chicago Specialty Underwriters Report 4th Quarter, Year-end Results
Feb 28 2007 // Specialty Underwriters’ Alliance, Inc. has announced financial results for the fourth quarter and year ended December 31, 2006. Highlights for the year ended December 31, 2006 include: * Gross written premium growth...
Liberty Mutual Reports Record Earnings
Feb 27 2007 // Aided by lower than expected catastrophe losses and strong underwriting, Liberty Mutual Group reported net income of $455 million and $1.626 billion for the fourth quarter and 12 months ended December 31, 2006,...
Net Income Rose 77% for Year at Tower Group
Feb 27 2007 // Tower Group, Inc. reported its financial results for the fourth quarter of 2006, including a 45 percent increase in net income to $9.5 million as compared to net income of $6.6 million in the fourth quarter of 2005. For...
A look behind the very good P/C results for 2006
Feb 26 2007 // The numbers, or estimates, for the property casualty insurance industry for 2006 are in. Dr Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance...
Car airbags can cause permanent hearing loss, study says
Feb 26 2007 // A researcher at a national hearing conference will present data that predicts 17 percent of people exposed to deployed airbags in American cars will suffer from permanent hearing loss. His data also shows, contrary to what...
A look behind the very good P/C results for 2006
Feb 26 2007 // The numbers, or estimates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with Insurance...
Katrina lawsuits: Are the winds of fortune changing for insurers?
Feb 26 2007 // In the immediate aftermath of Hurricane Katrina when it became apparent that property losses would total billions of dollars, the insurance industry was understandably concerned that courts in Mississippi and Louisiana...
Lessons learned from Katrina and beyond
Feb 26 2007 // The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so...
A look behind the very good property/casualty results for 2006
Feb 26 2007 // The numbers, or estimates, for the property/ casualty insurance industry for 2006 are in. Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, sat down with Insurance Journal’s...
Should D&O insurers have a loss prevention role?
Feb 26 2007 // Why don’t directors and officers insurers insist on corporate governance reform from their insureds as a precondition of coverage, the way property and workers’ compensation insurers condition their coverage on...
Hospitality industry faces more than just traditional P/C losses
Feb 26 2007 // Business interruption coverage a must in a world awaiting the next illness ‘outbreak’ Whether you study the growth curve in the “baby boomer” generation or generation “X” or...
A look behind the very good P/C results for 2006
Feb 25 2007 // News Currents The numbers, or es-timates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with...
Car airbags can cause permanent hearing loss, study says
Feb 25 2007 // A researcher at a national hearing conference will present data that predicts 17 percent of people exposed to deployed airbags in American cars will suffer from permanent hearing loss. His data also shows, contrary to what...
Lessons learned from Katrina and beyond
Feb 25 2007 // The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so...
A look behind the very good P/C results for 2006
Feb 25 2007 // News Currents The numbers, or es-timates, for the property casualty insurance industry for 2006 are in, and Dr. Robert Hartwig, president and chief economist of the Insurance Information Institute, discussed them with...
Katrina lawsuits: Are the winds of fortune changing for insurers?
Feb 25 2007 // In the immediate aftermath of Hurricane Katrina when it became apparent that property losses would total billions of dollars, the insurance industry was understandably concerned that courts in Mississippi and Louisiana...
