Monthly Archives: <span>April 2006</span>

Aspen to Release Q1 Results Today; Conference Call on April 27

Bermuda-based Aspen Insurance Holdings Limited will release its first quarter 2006 financial results today, Wednesday, April 26, 2006, following the closing of the U.S. markets. The Company will hold a conference call to discuss its financial results on Thursday, April …

Arch Capital to Post Q1 Results; Webcast Announcement

Bermuda’s Arch Capital Group Ltd. expects to release its 2006 first quarter results after the close of regular stock market hours tomorrow, Thursday, April 27, 2006. The Company will hold a conference call for investors and analysts at 10:00 a.m. …

Montpelier Re to Release Q1 Results; Hold Conference Call

Bermuda-based Montpelier Re Holdings Ltd. expects to release its 2006 first quarter results tomorrow, Thursday, April 27th, 2006 after the market closes. Montpelier Re executives will conduct a conference call, including a question and answer period, on Friday, April 28th, …

ABI Calls for “Radical Action” to Reduce U.K. Fraud

In its submission to the U.K. Government Fraud Review the Association of British Insurers notes that fraud is a “fast growing crime, having doubled in the in the last five years. Fraud costs around £16 billion [$28.5 billion] a year, …

ACE Posts $489 Million Q1 Net; to Host Conference Call

ACE Limited reported record net income for the first quarter ended March 31, 2006 of $489 million or $1.46 per common share after payment of preferred dividends, compared with net income of $437 million or $1.48 per share for the …

Aviva Receives New China License

The U.K.’s Aviva Plc announced that it has received regulatory approval for its joint-venture company, Aviva-COFCO, to open a branch office in the city of Jinan, the capital of Shandong province on China’s East Coast. “Jinan is the province’s political, …

Aflac’s Lake Named First Non-Japanese Tokyo Stock Exchange Director

Tokyo Stock Exchange (TSE) Chairman and President Taizo Nishimuro announced that Charles Lake, Aflac Japan vice chairman, has been selected as an external director. Lake, 44, will be the first non-Japanese appointed to this post since the TSE, or Nikkei, …

XL Q1 Net Income Reaches $458.5 Million; Conference Call Details

Bermuda’s XL Capital Ltd. reported net income available to ordinary shareholders for the quarter ended March 31, 2006 of $458.5 million, or $2.56 per ordinary share, compared with net income of $442.9 million, or $3.18 per ordinary share, for the …

Ohio Grants Job Tax Credit to Progressive Insurance for Expansion

Ohio Governor Bob Taft announced that the Ohio Tax Credit Authority has approved job creation tax credits for 10 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 811 jobs and retain …

Axiom Offers General Liability Coverage for California Contractors

Axiom Specialty Insurance Services, Victorville, Calif., is offering primary general liability for residential and commercial contractors, including general contractors and subcontractors, in California. THere is no restriction on track homes or tract size, or on the amount of work subcontracted. …