Reinsurers Resilient Despite Catastrophes, Economic Uncertainty, Says A.M. Best April 24, 2012 In a special report A.M. Best summed up the financial position of the global reinsurance industry as “resilient” in light...
Cooper Gay Swett & Crawford Reports 2011 Earnings of $344 Million April 5, 2012 Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has released strong results for the year...
Lloyd’s Posts $822 Million Overall Loss for 2011 March 28, 2012 By Charles E. Boyle The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record...
Catastrophe Frequency, Tornadoes Test Insurers in U.S.: A.M. Best March 15, 2012 According to A.M. Best Co., the frequency of catastrophe weather events represents the “new normal” for the insurance industry. “The...
Munich Re Confirms 2011 Profit at $937 Mn; Forecasts $3.3 Bn in 2012 March 13, 2012 Munich Re’s official results largely confirm earlier estimates, made at the beginning of February. The world’s largest reinsurer, however, hopes...
Geneva Association Report: 2011 an ‘Annus Horribilis’ for Insurance Industry March 9, 2012 By Charles E. Boyle The latest report from the Geneva Association , No. 5 in the current series – Extreme events and insurance: 2011...
Swiss Re Reports $2.6 Billion 2011 Net Income Despite Nat Cats February 23, 2012 By Charles E. Boyle Swiss Re reported net income of $2.6 billion for the full-year 2011, despite what it described as “an exceptional natural...
Earnings Report: Montpelier Re February 13, 2012 Q4 2011 Q4 2010 Gross premiums written —- $91.7 mn $102.3 mn Full year – 2011 2010 $725.5 mn $720.0...
Munich Re Sees $933 Million 2011 Profit Despite Cat Losses February 2, 2012 By Charles E. Boyle Munich Re’s estimated earnings figures for 2011 confirm a net profit from its three sectors – reinsurance, primary and health...