Earnings Reports: ACE Limited
Q4 2011 Q4 2010 Gross premiums written $4.864bn $4.865 bn Full year – 2011 2010 $20.831 bn $19.511 bn Net premiums earned —- $3.831 bn $3.572 bn Full year – 2011 2010 $15.387 bn $13.504 bn Net income ——————– $750 …
Q4 2011 Q4 2010 Gross premiums written $4.864bn $4.865 bn Full year – 2011 2010 $20.831 bn $19.511 bn Net premiums earned —- $3.831 bn $3.572 bn Full year – 2011 2010 $15.387 bn $13.504 bn Net income ——————– $750 …
Standard & Poor’s Ratings Services announced that it is “maintaining its stable outlook on the global reinsurance sector despite the near-record level of catastrophe losses in 2011,” as it doesn’t expect “a bias in the direction of any rating actions …
According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a rising trend. Of the 439 attacks reported to …
Bermuda-based AXIS Capital Holdings Limited announced that the net financial impact of the severe flooding in Thailand on the Company’s fourth quarter results is expected to be $48 million – net of reinsurance, taxes and reinstatement premiums. AXIS also updated …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued its “Annual Global Climate and Catastrophe Report,” which aggregates and analyses the natural disaster perils that occurred worldwide during 2011, which concludes that the impact of …
From floods that crippled countries, to mega cyclones, huge blizzards, killer tornadoes to famine-inducing droughts, 2011 has been another record-breaker for bad weather. While it is too early to predict what 2012 will be like, insurers and weather prediction agencies …
Swiss Re describes 2011 as the “year with the highest catastrophe-related economic losses in history, at $350 billion.” It could have been the most costly year ever for the insurance industry, if Japan had been more fully insured. The figures …
November 11, 2011 might hold special significance for some, since the date can also be written 11/11/11. When the calendar and its numbers align, some people try to ascribe mystical significance, according to a Wake Forest University professor. Eric Carlson, …
As had been more or less predicted, Lloyd’s posted a £697 million [$1.094 billion] pre-tax loss for the first six months of 2011, compared to an overall profit of £628 million [$985.6 million] as of June 30, 2010. The report …
Preliminary estimates from Swiss Re’s newly released sigma report indicate that “total insured losses for the global insurance industry from natural catastrophes and man-made disasters reached an estimated $70 billion in the first half year of 2011.” The report also …