W.R. Berkley Corp. said its 2012 fourth quarter net profit was $165.49 million, up 41.4 percent compared to the same period in 2011 when it had $117.03 million profit. For the full-year 2012, the Greenwich, Conn.-based commercial lines insurer reported …
The Travelers Companies Inc. today reported net income of $304 million for the 2012 fourth quarter, down 51 percent compared to $618 million net income posted during the same period in 2011. Still, the 2012 full-year net income rose. The …
A special report from A.M. Best analyzes the “reduced frequency of large-scale catastrophes through November 2012, which, Best said, has “helped Asia-Pacific non-life insurers to slowly recover from losses inflicted by natural disasters in 2011. Best’s report points out that …
Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic conditions in the past several years, leading to weaker profitability. However, …
The Zurich Insurance Group reported a business operating profit (BOP) of $3.2 billion and net income attributable to shareholders (NIAS) of $2.7 billion for the nine months ended September 30, 2012. The bulletin gave the following highlights for the period: …
Swiss Re reported net income of $2.2 billion in the third quarter of 2012, compared to $1.3 billion in the prior-year period, and a return on equity of 28 percent, “driven by continued strong performance from P&C Reinsurance and a …
Hannover Re does not expect to be blown off course by damage from Hurricane Sandy in the United States, the German reinsurer said on Tuesday, as it beat quarterly profit forecasts and lifted expectations for this year and next. Shares …
The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago. CEO Liam McGee said the Hartford generated strong third-quarter financial results, reflecting the continuing …
Liberty Mutual Insurance reported this week $465 million profit for its third quarter, a swing from a loss of $112 million a year earlier. The insurer’s profit for the first nine months of 2012 came in at $1.056 billion, up …
The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe (CAT) losses as well …
