Mitsui posts £12m profit
Mitsui Sumitomo holding company MSI Corporate Capital has reported a pre-tax profit of £11.99m, up from a £17.77m loss restated.
MSI, which stopped underwriting motor in January, saw its combined operating ratio improve from 113.7% in 2010 restated to 99.7% in 2011.
After tax profit grew to £12.78m from £9.6m in 2010. Gross
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Big Interview: Rob Gibbs and Alex Hardy, SiriusPoint
Rob Gibbs, CEO and Alex Hardy, head of sales and distribution at SiriusPoint International, sit down with Harry Curtis to discuss how the insurer and reinsurer is looking to diversify and forge enduring partnerships with MGAs.
Lloyd's Neal calls CrowdStrike 'warning shot' to insurers
John Neal, CEO of Lloyd’s of London, has described the CrowdStrike outage as a “warning shot” for insurers on the importance of cyber resilience.
Natural for insurers to ‘wobble’ after Blueprint Two delay
It’s natural to expect frustration from the London market following the latest delay to Blueprint Two, according to Jamie McDonnell, London market lead at Guidewire.t.
Top 50 Reinsurers of 2024 revealed
Munich Re and Swiss Re remain at the top of Insurance Post’s Top 50 Reinsurers 2024 list, despite Christopher Pennings, financial analyst at AM Best, observing the rankings have been shaken up by a shift in accounting requirements.
Reeves announces consultation on UK captives regime
Rachel Reeves has announced a consultation on a new approach to regulating UK captive insurers in her first Mansion House speech as Chancellor of the Exchequer.
Probitas opens five lines of business following Aviva sale
Probitas will begin quoting for five new classes of business marking the first development since it was acquired by Aviva earlier this year.
Upcoming webinar: How is the delegated authority business changing in the digital age?
With The Lloyd’s Market Association crunching the findings of its market-wide consultation on the new Computable Binding Authority Agreement (CBAA) model, bordereaux management is entering a new era.
Is carbon insurance the biggest opportunity in decades?
With carbon insurance tipped to become a billion-dollar market by 2030 as demand for risk transfer in the carbon credit supply chain grows, Harry Curtis looks at the risks involved and the first movers in the nascent market.