French reinsurer SCOR Group announced net income for the third quarter of 2011 of €188 million [$255 million], a 70.1 percent increase from the same period last year, as gross written premiums topped €2 billion [$2.71 billion] during the period, …
Germany’s Hannover Re expressed satisfaction with the Group’s net income for the first 9 months of 2011, as it posted a profit of €381.7 million [$518.34 million]. Chief Executive Officer Ulrich Wallin noted that Hannover Re had achieved the good …
Zurich Financial Services Group reported a business operating profit (BOP) for the nine months ended September 30, 2011 of $3.258 billion, an 8 percent decline from 2010, when it posted $3.537 billion. However, Zurich’s net income after tax rose by …
Munich Re announced third-quarter profit “in a difficult environment” of €290 million [$400 million], compared to €761 million [$1.05 billion] in Q3 2010. The world’s largest reinsurer singled out the “financial markets, currency translation effects and heavy burdens from natural …
Q3 2011 Q3 2010 Gross premiums written $451.13 mn $289.82 mn 9 months – 2011 2010 $1.3843 bn $951.98 mn Net premiums earned —- $420.277 mn $309.593 mn 9 months – 2011 2010 $1.1346 bn $857.30 mn Net income ——————– …
Q3 2011 Q3 2010 Gross premiums written $448.5 mn $398.3 mn 9 months — 2011 2010 $1.203 bn $1.238 bn Net premiums earned ——- $268.2 mn $288.9 mn 9 months – 2011 2010 $800.9 mn $936.9 mn Net income (loss) …
Property and life insurer Hartford Financial Services Group posted a small per-share net loss for the third quarter on Wednesday, as disaster losses rose in the wake of August’s Hurricane Irene. The Hartford, one of the oldest companies in the …
Alterra Capital: Q3 2011 Q3 2010 Gross premiums written $386.33 mn $325.21 mn 9 months — 2011 2010 $1.578 bn $1.095 bn Net premiums earned —- $347.04 mn $342.43 mn 9 months – 2011 2010 $1.0758 bn $829.93 mn Net …
Swiss Re reported more good news, following the ratings upgrade from Standard & Poor’s. The world’s second largest reinsurer posted $1.3 billion net income in the third quarter of 2011, compared to $600 million in Q3 2010, an 18 percent …
Renaissance Re: Q3 2011 Q3 2010 Gross premiums written —- $139.94 mn $111.54mn 9 months — 2011 2010 $1.392 bn $1.134 bn Net premiums earned —- $229.24 mn $212.35 mn 9 months – 2011 2010 $751.94 mn $675.18 mn Net …
