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 achieved gross written premiums of $825 million in 2011, representing a 16 percent rise on the previous year’s results of $709 million.
Transatlantic's fourth quarter results revealed a four percent decline in gross written premiums compared to the prior year quarter.
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.
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 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.
German reinsurer Hannover Re this morning announced that it has grown its treaty book by six percent.
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.
Rating agency Moody’s has said its outlook for French life insurers remains negative, due to several issues that the industry is facing.
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+'.