News
News and Chaptergrams
Pages
WR Berkley falls to reinsurance underwriting loss
WR Berkley's reinsurance division slipped to an underwriting loss in the first quarter as a $30mn reserve charge took its toll on the segment's combined ratio.
The New York-listed carrier's operating earnings per share were in line with the Wall Street consensus at $0.70 per share, according to Janney analyst Larry Greenberg, as the net result came in broadly flat.
Late last month, the carrier revealed that its results for the first three months of the year would take a...
- Read full article
- Comments(0) To comment, please Sign In
The unhealthy path of reinsurance as described by Willis Re’s Vickers
The performance of the reinsurance sector shows a clear trend of deterioration as the soft market squeezes profitability. While traditional reinsurers return capital to shareholders due to a lack of profitable business opportunities, alternative capital remains keen for opportunities to invest – potentially making the situation worse, suggests James Vickers, chairman of Willis Re International.
- Read full article
- Comments(0) To comment, please Sign In
Slide continues at April reinsurance renewals
The April 1 renewal period saw prices staying soft, according to Willis Re, with the same slight declines on already low levels seen in January continuing, with little evidence of a turnaround.
"It was pretty much as expected, that is a continuation of what we saw at January 1,” said James Vickers, chairman of Willis Re International, speaking at Lloyd's today for an Insurance Institute of London lecture.
- Read full article
- Comments(0) To comment, please Sign In
Pages
Pages
WR Berkley falls to reinsurance underwriting loss
WR Berkley's reinsurance division slipped to an underwriting loss in the first quarter as a $30mn reserve charge took its toll on the segment's combined ratio.
The New York-listed carrier's operating earnings per share were in line with the Wall Street consensus at $0.70 per share, according to Janney analyst Larry Greenberg, as the net result came in broadly flat.
Late last month, the carrier revealed that its results for the first three months of the year would take a...
- Read full article
- Comments(0) To comment, please Sign In
The unhealthy path of reinsurance as described by Willis Re’s Vickers
The performance of the reinsurance sector shows a clear trend of deterioration as the soft market squeezes profitability. While traditional reinsurers return capital to shareholders due to a lack of profitable business opportunities, alternative capital remains keen for opportunities to invest – potentially making the situation worse, suggests James Vickers, chairman of Willis Re International.
- Read full article
- Comments(0) To comment, please Sign In
Slide continues at April reinsurance renewals
The April 1 renewal period saw prices staying soft, according to Willis Re, with the same slight declines on already low levels seen in January continuing, with little evidence of a turnaround.
"It was pretty much as expected, that is a continuation of what we saw at January 1,” said James Vickers, chairman of Willis Re International, speaking at Lloyd's today for an Insurance Institute of London lecture.
- Read full article
- Comments(0) To comment, please Sign In