Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
Complex Situation Occludes Details on Loss of Malaysia Airlines Flight MH370
Mar 27 2014 // Very few details have been released by the re/insurance industry related to the missing Malaysia Airlines Flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The...
308 Disaster Events; $140 Billion Economic Losses in 2013: Swiss Re Report
Mar 26 2014 // Swiss Re’s latest sigma report highlights the 308 disaster events in 2013, of which 150 were natural catastrophes and 158 man-made. Almost 26 000 people lost their lives or went missing in the disasters. The biggest...
PERILS Latest Loss Estimates: Windstorm Tini $338 Million; Dirk $486 Million
Mar 26 2014 // PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, announced that its initial loss estimate for Windstorm Tini, also known as Darwin, which affected Ireland and the United...
Lloyd’s Profits for 2013 Near $5.3 Billion
Mar 26 2014 // Lloyd’s announced a profit of £3.2 billion [$5.2894 billion] for 2013, compared to a profit of £2.8 billion [$4.628 billion] in 2012. Gross written premium income increased to £26.1 billion [$43.14 billion]....
Talanx Q4 Profit Triples after Gains at Industrial Insurance Unit
Mar 24 2014 // Talanx AG, Germany’s third-biggest insurer, said fourth-quarter profit tripled after higher earnings at its industrial insurance business and lower tax at its reinsurance unit. Net income rose to €227 million ($313...
Businesses, Insurers Still Wrangling Over Marathon Loss Payouts
Mar 24 2014 // Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the...
Top 10 HOT Markets to Watch
Mar 24 2014 // Insurance Journal examined industries experiencing changes and expansions in the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty...
Survey: Who’s Worth What in the Independent Agency System?
Mar 21 2014 // For the second year in row, salaries and total compensation rose in independent insurance agencies across the nation. That’s according to Insurance Journal’s annual Agency Salary Survey 2014. This year all...
Munich Re 2013 Profits Fall; Targets $4.1+ Billion for 2014
Mar 20 2014 // Munich Re posted the following summary of its results for the financial year 2013: — Operating result of €4.4billion from (€5.3 billion) [$6.07 billion from $7.32 billion]. — Despite low interest rates and...
Malaysia Plane Loss Spurs Calls to Upload ‘Black Box’ Data to the ‘Cloud’
Mar 20 2014 // The disappearance of Malaysian Airlines flight MH370 has prompted calls for in-flight streaming of black box data over remote areas, but industry executives say implementing changes may be complex and costly. Mark...
MAPFRE Details Future Plans – U.S. Expansion, Increased Operating Revenue
Mar 17 2014 // Spanish insurance group MAPFRE’s Chairman and CEO, Antonio Huertas, referred to the strategic objectives for the next three years, as he announced the highlights at its Annual General Meeting. The group forecast...
Lawsuit Filed Against General Motors Over Ignition-Switch Recall Losses
Mar 16 2014 // General Motors Co. was sued on behalf of vehicle owners over an ignition flaw in some small- model cars as it faces regulators’ questions about this year’s recall of 1.6 million vehicles. Bob Hilliard, one of...
Businesses, Insurers Tangle Over Boston Marathon Loss Payouts
Mar 14 2014 // Some businesses that reported financial losses as a result of the Boston Marathon explosions are still wrangling with their insurance companies over compensation or have had claims denied outright as the anniversary of the...
China’s Ping An Declines after Profit Trails Estimates
Mar 14 2014 // Ping An Insurance (Group) Co., China’s second-biggest insurer, fell to the lowest in more than a month in Hong Kong trading after reporting profit that trailed analysts’ estimates. The shares fell 1.1 percent...
Generali Posts Quarterly Profit after Year-Ago Write Downs Caused Loss
Mar 13 2014 // Assicurazioni Generali SpA, Italy’s biggest insurer, reported a fourth-quarter profit after booking a loss a year earlier on write-downs of equity holdings. The insurer more than doubled its dividend. Net income was...
Consumer Group Recommends Ways to Mitigate Uninsured Motorists Dilemma
Mar 11 2014 // Most uninsured motorists in the U.S. are responsible, safe drivers who simply cannot afford to purchase liability coverage with their income but who still need to drive for their work, according to a consumer advocacy...
Hannover Re Q4 Net Income Rises 48% after Tax Gain
Mar 11 2014 // Hannover Re, the world’s third- biggest reinsurer, posted a 48 percent increase in fourth- quarter profit, beating analysts’ estimates. Net income rose to €265 million ($367 million) from €179 million [$248...
Effort to Put House in Order Paying Off: Meadowbrook Insurance CEO
Mar 10 2014 // Meadowbrook Insurance Group, based in Southfield, Mich., has struggled with many challenges during the past couple of years but the “strong remedial measures” implemented to correct unacceptable results are...
February Stoms Caused $1 Billion Insured Losses: Aon Benfield’s Cat Report
Mar 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released its latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...
Aviva Profits Surge to 2008 Levels; CEO Restores Bonuses
Mar 6 2014 // Aviva Plc rallied to its highest in more than five years after profit beat analysts’ estimates and Chief Executive Officer Mark Wilson said he planned to restore bonuses at the U.K.’s second-biggest insurer by...
