A market review by broker Willis has found a 30 percent withdrawal in capacity from the mining insurance market since the beginning of 2011.
An equity report by S&P Capital IQ has found that the European insurance sector is ‘well placed to perform in 2012’.
Reinsurers who previously bought Industry Loss Warranties (ILWs) have decided to be sellers of the instrument in anticipation of a potential increase in demand for alternative covers from insurers and other reinsurers.
Aon’s full year results have revealed that the broker’s total revenue has risen by 33 percent to $11.3 billion 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 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.