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Validus’ net income falls 94.7 percent in 2011


Bermudian reinsurer Validus has reported that its net income has fallen by 94.7 percent from $402.6 million in 2010 to just $21.3 million in 2011.

Markel International sees 16 percent rise in premiums


Markel International achieved gross written premiums of $825 million in 2011, representing a 16 percent rise on the previous year’s results of $709 million.

Transatlantic premiums down for fourth quarter


Transatlantic's fourth quarter results revealed a four percent decline in gross written premiums compared to the prior year quarter.

Munich Re posts a ’respectable profit’


Munich Re has reported an overall profit of €0.71 billion for 2011, representing a decline of 70.7 percent on the previous year’s profits of €2.43 billion.

Net income declines for WR Berkley in 2011


WR Berkley’s full year results have revealed that the company’s net income has dropped to $395 million in 2011, from $449 million in 2010, despite net written premiums rising by 19 percent in 2011.

ACE’s ROE declines for third year in a row

01-02-2012Casualty, Insurance News, Property cat

ACE Limited’s (ACE) full year results have revealed that the company’s return on equity (ROE) has declined for the third year in a row.

Hannover Re grows treaty book

Europe, Germany01-02-2012Reinsurance News

German reinsurer Hannover Re this morning announced that it has grown its treaty book by six percent.

Insurers and UK government need flooding agreements, says PwC

Europe31-01-2012Insurance News, Property cat

Professional services provider PwC has said that an agreement must be reached between insurers and the UK government to deal with the issue of flooding.

French life insurance outlook remains negative, says Moody’s

Europe, France31-01-2012Insurance News

Rating agency Moody’s has said its outlook for French life insurers remains negative, due to several issues that the industry is facing.

Fitch downgrade for Mapfre

Latin America31-01-2012Insurance News

Rating agency Fitch has downgraded Mapfre SA’s Issuer Default Rating to 'A-' from 'A', along with its core operating subsidiaries' Insurer Financial Strength rating to 'A' from 'A+'.

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