The primary aviation market remained soft in 2011 according to research carried out by Guy Carpenter Capital Ideas.
Fairfax Financial has reported an increase in gross written premiums of 25.7 percent, up from $5.36 billion in 2010 to $6.74 billion in 2011.
Allied World has announced that its net income fell from $665 million in 2010 to $274 million in 2011.
Zurich Financial Services Group has reported an increase of 0.5 percent in return on common shareholders’ equity (ROE) in 2011.
Unipol, Mapfre, Caser, Allianz Italy and Generali have all had their Insurance Financial Strength Rating (IFSR) downgraded by rating agency Moody’s.
Arch Capital posted profits of $436 million for 2011 that were down 49 percent on the previous year’s results of $842 million.
Willis has reported a 60 percent fall in profits from $98 million in 2010 to $39 million in 2011.
Marsh & McLennan Companies have announced that total revenues from their risk and insurance services were $6.3 billion in 2011, up 9 percent on revenues on the previous year.
The proposed Fair and Accurate Credit Transactions Act (FACTA) presents a significant challenge for insurers, despite the concessions that the Internal Revenue Service (IRS) has made for the industry.
The Lloyd’s market has estimated its losses from floods in Thailand to be $2.2 billion.