ADVFN - Advanced Financial Network.
HOME» NYSE » T » TRH Stock Price » TRH Stock News

Transatlantic Share News

 Transatlantic Holdings, Inc. Stock Price
TRH Stock Price
 Transatlantic Holdings, Inc. Stock Chart
TRH Stock Chart
 Transatlantic Holdings, Inc. Stock News
TRH Stock News
 Transatlantic Holdings, Inc. Company Information
TRH Company Information
 Transatlantic Holdings, Inc. Stock Trades
TRH Stock Trades

Insurers' 1Q Underwriting Results Worst In A Decade, SNL Says

By Erik Holm Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Powerful earthquakes in Japan and New Zealand caused U.S. property-casualty insurers to post their worst first-quarter profit margins in a decade, according to data from SNL Financial. Insurers spent nearly $1.03 on claims and expenses for every dollar they collected in premiums, resulting in an industrywide underwriting loss of $3.32 billion in the quarter, according to data filed with state regulators and compiled by SNL. Both measures were the worst first-quarter result since 2001. The results will fuel speculation that insurers will raise prices, especially the ones selling coverage to commercial clients. Business insurers have suffered from years of price declines, but the recent disasters have caused many in the industry to predict a major reversal may be close at hand. The catastrophes in Japan and New Zealand proved costly for U.S. insurers doing business overseas. National Indemnity, a unit of Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB), reported an underwriting loss of $984.1 million. A unit of reinsurer Transatlantic Holdings Inc. (TRH) lost $456.2 million, SNL said. Still, not all of the news was bad. The value of policies sold by commercial insurers rose 2.7%, indicating that customers were buying more coverage. The data backs up observations from companies including Travelers Cos. (TRV) and Liberty Mutual, two large commercial insurers, which said demand for their services is on the rise as the economy improves. Among the insurers selling coverage to consumers, State Farm, the largest U.S. home and auto insurer, recorded a $342.5 million underwriting loss in the quarter, nearly six times greater than its smaller rivals, SNL said. -By Erik Holm, Dow Jones Newswires; 212-416-2892; erik.holm@dowjones.com

Stock News for Transatlantic (TRH)
DateTimeHeadline
12/19/201111:18:43Applications Given Early Antitrust Clearance
09/27/201123:02:19New Transatlantic Suitors Include Former Treasury Official: Sources...
08/19/201118:57:09TransAtlantic Sets Holder Meeting To Vote On Allied World Deal
08/16/201110:49:19Despite Buffett Claim, Berkshire Is In Takeover Talks -Source
08/12/201118:57:12WSJ: Berkshire Enters Talks To Buy Transatlantic
08/12/201118:23:25Berkshire Enters Confidential Talks With Transatlantic
08/11/201113:52:13Transatlantic Executives Feared For Jobs At Validus Approach:...
08/01/201109:49:10Validus CEO: Transatlantic Board 'Case Study In Poor Governance'
07/13/201115:43:13For Reinsurers, Size Matters In Fight To Acquire Transatlantic
06/13/201113:46:20Merger Monday Returns With Busiest Deal Day In A Month
05/25/201116:58:36Insurers' 1Q Underwriting Results Worst In A Decade, SNL Says
03/11/201117:12:14Japan Disaster Shows Coverage Gaps, But Quake Still Costly For...
06/03/201008:02:23AT A GLANCE: BP Gulf of Mexico Oil Spill Hits Insurers
03/15/201019:25:09AIG Gets $452 Million Via Sale Of Transatlantic Shares
03/05/201010:01:32AIG Plans To Sell Remaining 14% Stake In Transatlantic
03/03/201018:17:12Natural-Gas Distributor Oneok To Join S&P 500
01/08/201010:23:02Reinsurance Price Declines Won't Offset Other Insurance Woes

Transatlantic and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad