2011 disasters News

Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011

Private U.S. property/casualty insurers’ net losses on underwriting grew to $34.9 billion in nine-months 2011 from $6.3 billion in nine-months 2010. The combined ratio deteriorated to 109.9 percent for nine-months 2011 from 101.2 percent for nine-months 2010, according to ISO …

Munich Re Ups Dividend, Comments on Impact of 2011 Disasters

Munich Re’s annual general meeting (AGM) produced some good news for the shareholders of the world’s largest reinsurer. It announced a dividend increase to €6.25 [$9.138] per share for the financial year 2010, up from €5.75 [$8.40] last year, more …