| Case Studies |
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Scyllogis Consulting have been helping customers within the Insurance sector continue to achieve significantly higher levels of business performance from their data management programmes and information systems since 2001. Read how we have worked with some of these customers to achieve significant business results across the world, in our case studies. |
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Insurance organisations today are no more effective at delivering on large-scale data management initiatives than they were 10 years ago. In a recent survey, 70% of the companies said their data management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1990's. And the environment for data management is only getting more complex.....
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At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont..... Read More
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| CATASTROPHE LOSSES CUT INTO MONTPELIER'S INCOME |
| Industry News | |
| Wednesday, 28 July 2010 | |
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Bermudian re/insurer Montpelier Re Holdings has ended the first half of the year with net income of $79.8m, marking a decline of 62% that reflected significant current-year catastrophe losses and prior-year unrealized investment gains. Underwriting income fell 75% to $22.3m, as a more than doubling in claims costs, to $251.3m from $111.5m, erased an 11.6% increase in earned premiums, to $306.8m. Incurred losses included $94m related to the Chilean earthquake, unchanged from its Q1 estimate, and $20m in connection with the explosion and sinking of the Deepwater Horizon oil rig. The group's combined ratio for the six months rose to 92.7% from 67.6%. Montpelier's results also reflected year-ago net unrealized investment gains of $94.7m against gains of just $13.6m this year to date. For Q2, net income was $69.9m, down from $159m a year earlier. Operating earning per share was $1, 22¢ a ahead of a year ago and 37¢ above analysts' forecast. With the better-than-projected quarterly result, CEO Christopher Harris said that Montpelier "produced a strong quarter with solid underwriting results and steady investment performance resulting in 4.9% growth in book value per share".
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| Last Updated ( Wednesday, 01 September 2010 ) | |
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