In a special report A.M. Best summed up the financial position of the global reinsurance industry as “resilient” in light of “the volatile economic conditions and the frequent and severe loss events of 2011.” Best pointed out that the only …
Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has released strong results for the year ending 31 December 2011, reporting revenues of $344 million and EBITDA of $69 million with and net cash earnings of …
The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record for the insurance industry actually was. Lloyd’s announced a loss of £516 million ($822 million) for 2011 – a large, …
According to A.M. Best Co., the frequency of catastrophe weather events represents the “new normal” for the insurance industry. “The insurance industry continues to be tested as catastrophic weather events have recently become more common and more severe,” Best said …
Munich Re’s official results largely confirm earlier estimates, made at the beginning of February. The world’s largest reinsurer, however, hopes to do a good deal better in 2012 than it did last year. It’s forecasting a profit of around €2.5 …
The latest report from the Geneva Association , No. 5 in the current series – Extreme events and insurance: 2011 annus horribilis -, describes the global impact of the major 2011 natural catastrophes, and analyzes the role and mechanisms of …
Swiss Re reported net income of $2.6 billion for the full-year 2011, despite what it described as “an exceptional natural catastrophe burden” – a strong performance compared to the $863 million reported for 2010. Its combined ratio for the year …
Q4 2011 Q4 2010 Gross premiums written —- $91.7 mn $102.3 mn Full year – 2011 2010 $725.5 mn $720.0 mn Net premiums earned ——- $148.3 mn $162.2 mnn Full year – 2011 2010 $622.7 mn $625.4 mn Net income/loss …
Munich Re’s estimated earnings figures for 2011 confirm a net profit from its three sectors – reinsurance, primary and health –of €710 million [$933 million], compared to a net profit of €2.43 billion [$3.2 billion] in 2010. Fourth quarter profits …
