Advertising

Advertising

News

Hannover Re investment income ‘back to...

March 11, 2010

NON-LIFE gross premium income at Hannover Re rocketed last year as the German reinsurer took advantage of price increases, it said. Meanwhile the company said investment income last year was back to pre-financial crisis levels. According to Hannover Re chief executive Ulrich Wallin rate increases in some lines of business such as credit and surety and catastrophe, price rises “even ran into double-digit percentages”. “In view of the very favourable market conditions we stepped up our involvement, especially in attractive segments,” Wallin said. Gross premiums written in the year were up 26.5% to E10.3bn, which helped Hannover Re to a recorded net profit figure of E731.2m. That figure included what the company dubbed the “special effect” of its acquisition of ING’s US life reinsurance portfolio and “the performance of some funds withheld by ceding companies. Without these “special effects” the group would have achieved a...

Reinsurers account for $2.2bn of nat cat losses

March 11, 2010

NEARLY $2.2bn of reinsurance losses from the Chile earthquake and European windstorm Xynthia have now...

QBE spends extra £3m on Solvency II in ‘10

March 11, 2010

A LACK of trained Solvency II compliant staff in the insurance industry is causing a...

Mutuals add voice to Solvency II discontent

March 11, 2010

EUROPE’S mutual insurers have added their voice to calls for a rethink of Ceiops’ proposals...

Baugh to head Chartis European ops

March 11, 2010

LEX Baugh, chief executive of Chartis UK, has been promoted to oversee the group’s operations...

Advertising

Latest insuranceday jobs

International Licences Manager- General Counsel Division

International Licences Manager- General Counsel Division - London - City - £70,001 - £80,000 (11/03/2010)

Lead Financial Management Accountant

Lead Financial Management Accountant - London - City - £60,001 - £70,000 (10/03/2010)

Casualty Wordings Specialist

Casualty Wordings Specialist - London - City - £60,001 - £70,000 (10/03/2010)

Manager of International Licenses

Manager of International Licenses - London - City - £60,001 - £70,000 (09/03/2010)

Reinsurance Wordings Technician

Reinsurance Wordings Technician - UK - Regional - £30,001 - £40,000 (09/03/2010)

More jobs like this? Go to insurancedayjobs.com

Advertising

Advertising