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Omega reports 16% rise in US...

May 16, 2012

Omega reported a 16% rise in its US gross written premium during the first quarter of 2012, with the insurer experiencing a positive rating environment in its core lines of US small and medium-sized enterprises commercial property and US property treaty. Group gross written premium totalled $120.6m during the quarter, down by around $9m from the opening three months of 2011. Year on year, the company reduced its property catastrophe treaty reinsurance writings, which stood at $30.8m for the first quarter, compared with $44.5m during the opening quarter of 2011. Omega said the non-renewal of third-party business in Bermuda had resulted in an $18.7m decrease in premiums written during the quarter, offset in part by an increase in the group’s share of gross written premiums written by Syndicate 958. This reached $106.6m during the quarter, up from $98.5m during the...

Catlin GWP up 12% in Q1

May 11, 2012

BERMUDA-based specialty non-life re/insurer Catlin has reported gross written premiums of $1.64bn for the first...

Alterra returns to profit during Q1

May 10, 2012

Alterra reduced its reinsurance premiums written during the first quarter of this year but experienced...

Argo returns to profit on back of low catastrophe losses

May 08, 2012

Argo generated net profit of $19.6m during the first quarter of 2012, compared with a...

Hiscox Q1 premiums broadly flat

May 08, 2012

BERMUDA-based insurer Hiscox has reported Q1 premiums of £450.7m ($728.3m) for the first quarter, slightly...

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