Mining insurance market contracts 30 percent, says Willis
A market review by broker Willis has found a 30 percent withdrawal in capacity from the mining insurance market since the beginning of 2011.
European insurance sector well placed for 2012, says S&P Capital IQ
An equity report by S&P Capital IQ has found that the European insurance sector is ‘well placed to perform in 2012’.
ILW buyers becoming sellers, says BMS
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 total revenue up 33 percent
Aon’s full year results have revealed that the broker’s total revenue has risen by 33 percent to $11.3 billion in 2011.
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
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.
