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Munich Re, for example, experienced catastrophe losses of 11% of net premiums in 2010.
Largely because of the already disclosed charge, Chartis reported a $3.3 billion pretax loss for the fourth quarter and a $116 million loss for the year, though it showed gains in both net premiums written and net premiums earned.
Still the business increased the amount of its net premiums written by 17.6 percent, to $9.2 billion.
The insurer said its combined ratio, which sets the cost of claims and expenses against net premiums, was 86.1 percent in 2009, down from 91.3 percent in 2008.
Citing extreme competition in the industry, Fairfax reported consolidated net premiums of $4.5 billion in 2007, a decline of 6.1percentt from 2006.
Seneca, which last year wrote net premiums of $86.6 million, will become a unit of the Crum & Forster Insurance Companies, a subsidiary of Fairfax.
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London's share of net premium income in marine insurance, a traditional mainstay of Lloyd's, has shrunk from around 30% in the mid-1980s to 20% in 2005.Set against that, other less salient parts of the City have been thriving.
In this context, the expectation is called the net premium.
Net premium received on the transaction amounts to $1.27 per contract.
Net premium paid for the spread amounts to $1.00 per contract.
The net premium pocketed on the trade is $1.10.
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