Performance
P/C Industry Suffers Worst 4Q In A Decade: SNL
SNL Financial reported recently that property/casualty industry fourth-quarter 2012 underwriting results, buffeted by losses from Superstorm Sandy, are on track to come in at the worst level for any ...Capital Growth Outpaces P/C Premiums In 2012: Moody’s
In a report on 2012 financial results for the property/casualty industry published on Friday, Moody's Investor's Service revealed that industry capital growth outpaced premium growth last year, and ...SCOR 2012 Net Income Jumps 27%
Paris-based SCOR reported net income of EUR 418 million ($545 million), representing an increase of 26.7 percent over the 2011 result, which was EUR 330 million ($430 million). The company said that ...American Safety 4Q Damaged By Reserve Charges, Sandy
American Safety Insurance Holdings' fourth-quarter 2012 results suffered more from a reserve charge than Superstorm Sandy losses, but both combined to put red ink on the bottom line. Still, while the ...Best Affirms Fireman’s Fund, Subs Financial Ratings; Lowers Issuer Credit Ratings
On Friday, A.M. Best Co. said it affirmed the financial strength rating of 'A' (Excellent), but downgraded the issuer credit rating (ICR) to "a" from "a+" of California-based Fireman's Fund Insurance ...
Crop Insurers Upbeat Despite Drought Conditions, Underwriting Losses: Fitch
Multi-peril crop insurance represents a very modest portion of U.S. property/casualty insurance industry revenues. However, this segment has garnered considerable attention as scorching summer heat ...Buffett: Performance Streak May End This Year
Berkshire Hathaway may end a long streak of outperforming the S&P 500 this year, Chief Executive Warren Buffett warned shareholders on Friday, even as he said he was still eagerly hunting for ...Highlights From Berkshire Hathaway’s Annual Letter
Berkshire Hathaway released its annual letter to shareholders Friday, with its usual combination of blunt outlook and dry humor from Chief Executive Warren Buffett. Following are highlights of the ...