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By NU Staff |
December 19, 2011
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 labor—and internal debate—we feel the final list we’ve put together successfully captures the essential news of the past 12 months.
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December 15, 2011
Ending a five-month, multiparty bidding war—with Warren Buffett as one of the belligerents—investment holding company Alleghany Corp. recently reached a deal whereby reinsurer Transatlantic would become its independent subsidiary in a $3.4 billion deal.
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By Phil Gusman, PropertyCasualty360.com, Mark E. Ruquet, PropertyCasualty360.com |
June 23, 2011
Property and casualty excess capital remains robust, although it has declined since July 2010, an analysis shows, while a separate analysis strictly on reinsurers shows a 6 percent decline in capital for the 2011 first quarter as companies contend with, among other issues, insured catastrophe losses.
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By Phil Gusman, PropertyCasualty360.com |
June 22, 2011
The property and casualty industry still has “robust” excess capital, but not as much as July 2010, according an analysis by Morgan Stanley.
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By Susanne Sclafane, PropertyCasualty360.com |
July 26, 2010
In 2009, the property and casualty insurance industry recovered from a devastating global financial crisis that had drained 12 percent from policyholder surplus and nearly erased the net income recorded the year before.