Insurance rates are on the rise, but the pace of increases is not the same across the board, and some lines that showed aggressive upward momentum earlier are beginning to slow, according to an analysts report.
Allstate Corp. saw its fourth-quarter net income jump 145 percent, while W.R. Berkley, ACE Limited, CNA and Validus reported Q4 net-income decreases along with global reinsurer Munich Re.
Validus Holdings, Ltd. says fourth-quarter net income available to shareholders fell over 73 percent to $27.3 million as insured losses from catastrophes continued to take their toll.
PartnerRe Ltd. is the latest insurer to issue an estimate related to the flooding in Thailand, with an expected $120 million 2011 fourth-quarter charge.
Three Bermuda-based insurers have chimed in with loss estimates related to flooding in Thailand, adding perspective to what market experts call a $10 billion-plus loss event.
Three Bermuda-based insurers have chimed in with loss estimates related to flooding in Thailand, adding perspective to what market experts call a $10 billion-plus loss event.
In such an eventful year, with dozens of compelling stories as strong contenders, determining the Top 10 of 2011 was no easy task. But, after a lot of laborand internal debatewe feel the final list weve put together successfully captures the essential news of the past 12 months.
In such an eventful year, with dozens of compelling stories as strong contenders, determining the Top 10 of 2011 was no easy task. But, after a lot of laborand internal debatewe feel the final list weve put together successfully captures the essential news of the past 12 months.
Ending a five-month, multiparty bidding warwith Warren Buffett as one of the belligerentsinvestment holding company Alleghany Corp. recently reached a deal whereby reinsurer Transatlantic would become its independent subsidiary in a $3.4 billion deal.