Our survey is based on 2010 full year results and compares performance, disclosure and accounting policies for a group of predominantly London Market listed insurers.
The groups included in this review are: Amlin, Aspen, Beazley, Brit, Catlin, Chaucer, Hardy, Hiscox, Novae and Omega.
2010 was dominated by both substantial catastrophe claims and a high incidence of large losses, the largest being the Chile and New Zealand earthquakes and the Deepwater Horizon oil spill. Continued pressure on rates and weaker investment returns also contributed to a worse performance than 2009, with the average combined ratio reported by the insurers increasing in 2010 from 86.7 percent to 94.8 percent.
What does the publication cover?
- A review of financial metrics
- Overview of 2010 claims activity
- Investment return and strategy
- Capital and solvency