Reinsurance

Another year of costly natural catastrophes is causing many insurance industry stakeholders to wonder just how many more unexpected levels of loss they can tolerate.

Aspen Insurance Holdings says it posted after-tax net income of $13.5 million for the 2011 fourth quarter on $101.5 million of net losses from natural catastrophes occurring during the fourth quarter and increases to previous 2011 catastrophe estimates.

Aspen Insurance Holdings says it posted after-tax net income of $13.5 million for the 2011 fourth quarter on $101.5 million of net losses from natural catastrophes occurring during the fourth quarter and increases to previous 2011 catastrophe estimates.

Bermudas PartnerRe Ltd. says it recorded a 2011 fourth quarter net loss of $17.6 million and a net loss for the year of $520.3 million.

Bermudas PartnerRe Ltd. says it recorded a 2011 fourth quarter net loss of $17.6 million and a net loss for the year of $520.3 million.

A magnitude 6.7 earthquake that struck the Negros-Cebu region of the Philippines yesterday is not expected to be a major insurance loss says catastrophe modeler AIR Worldwide.