Company results

Japanese insurance giant plots merger

NKSJ Holdings, Japan's third-largest general insurer, is planning to merge its two main units, Sompo Japan and Nipponkoa Insurance, according to report.

Chubb’s profits fall as premiums rise

US insurer Chubb has reported rising premiums but falling income in the fourth quarter, echoing a year of reduced operating and net income on 5% higher net income.

Renaissance Re adds $45m Thai losses

Renaissance Re estimates the flooding in Thailand will cost it $45m (£29m) from its fourth quarter 2011 results but it said revisions of the New Zealand earthquake and the Tohoku earthquake losses are not expected to be significant.

Indian COR poll

When will the Indian non-life market reach a combined operating ratio of 100%

Expert analysis: Relatively calm

Although competition remains fierce in the aggregator arena, the rush for volume has slowed as the motor market moves closer to break-even point, says Tom Cooper, Igo4.

Jelf expands in affinities and PI sales

Broker Jelf has said its insurance growth has been on the back of a “fantastic year” in professional indemnity insurance sales and the success of specialist policies for recruitment firms.

Jelf’s insurance EBITDAE rises 14%

Broker Jelf said its insurance sector revenues were up 4.5% to £44.8m (£42.9m) with its insurance EBITDAE up 14% to £4.9m (£4.3m). Jelf said insurance accounted for 62% of its business.

Fonsai misses 2011 target but cut losses by 51%

Italy’s second largest insurance company reported losses of €178.6m in the first nine months of 2011, but avoided the scale of losses that plagued it in first three quarters of 2010.

Cattolica profits down €20m

Cattolica Società di Assicurazione reported net profit of €41m for the first three quarters of 2011, down €20m compared with the same period in 2010.

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