natural catastrophe claims News

Biggest Profit in Four Years for Lloyd’s as Disaster Claims Fall

Lloyd’s of London, the world’s oldest insurance market, reported its biggest annual profit in four years as natural catastrophe claims declined. Pretax profit increased to 3.2 billion ($5.3 billion) in 2013 from 2.8 billion pounds the previous year, the London-based …

P/C Insurers’ Pre-Sandy Results Show Reduced Catastrophe Losses

Before Hurricane Sandy hit, private U.S. property/casualty insurers’ net income after taxes grew to $27 billion in nine-months 2012 from $8.4 billion in nine-months 2011. Insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus …

Lloyd’s of London Loses $822M in 2011

Lloyd’s of London on Wednesday reported a big loss for 2011, which proved to be the second-costliest year ever in terms of natural catastrophe claims for the global insurance industry. Lloyd’s, a society of corporate underwriters and wealthy individuals that …