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Chaucer H1 results hit by cat loss

26 August 2010

UK insurer Chaucer Holdings has recorded profit before tax in the first six months of 2010 of £7m ($10.9m) compared with £17m in the same period last year.

Read more: Chaucer Holdings Bob Stuchbery

UK insurer Chaucer Holdings has recorded profit before tax in the first six months of 2010 of £7m ($10.9m) compared with £17m in the same period last year.

Gross written premiums totalled £493m in the first six months of 2010...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
43%
$4bn-$5bn
29%
$5bn-$6bn
14%
$6bn-$7bn
14%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield