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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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| THAI FLOODING TO SEND PARTNERRE TO Q4 OPERATING LOSS |
| Industry News | |
| Thursday, 19 January 2012 | |
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Bermudian reinsurer PartnerRe Ltd said Tuesday that it will post a Q4 operating loss of $130m to $150m, or $1.95 to $2.25 per share, largely owing to expected losses of around $120m from recent flooding in Thailand. The expected quarterly loss compares to operating income of $157.9m that was projected by analysts and operating income of $164.5m that the group posted for Q3. PartnerRe disclosed the flood-related loss a month after announcing that it would record a Q4 reserving charge of $88m to cover the full extent of its exposure to its largest cedant in Japan in connection with the Tohoku earthquake and tsunami last March. The group said that the loss estimate for the Thai floods was in line with its previous announcement that losses from the disaster would be in a range of 0.5% to 1% of industry losses. The flood losses primarily affected its global p/c, global specialty and catastrophe sub-segments.
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| Last Updated ( Thursday, 23 February 2012 ) | |
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