W. R. Berkley Corp. reported a net loss for the third quarter of 2008 of $28 million, compared with net income of $180 million, for the third quarter of 2007. Operating income for the third quarter of 2008 was $123 …
Zurich Financial Services Group announced that, based on preliminary estimates, it expects aggregate claims payments related to hurricanes Gustav and Ike of approximately $600 million before tax. Zurich said the figure is “net of reinsurance recoverables and includes reinsurance reinstatement …
In Virginia, drivers who are full time students between the ages of 16 and 24 could be eligible for a 10-15 percent discount from GEICO. The insurer said its discount applies if the teens meet any of these requirements: B …
American International Group, the insurance giant rescued by $85 billion in federal loans last month, has agreed to an $18 million settlement with the father of a disabled former Raleigh man. AIG’s decision to conclude the settlement with accident victim …
Bermuda’s RenaissanceRe Holdings reported an operating loss attributable to common shareholders of $143.4 million for the third quarter of 2008, compared to operating income available to common shareholders of $167.8 million in the third quarter of 2007. RenRe noted that …
Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on German reinsurer Hannover Rueckversicherung AG and its core entities – Hannover Re Bermuda Ltd., E+S Rueckversicherungs AG, E+S Reinsurance (Ireland) Ltd., Hannover …
Bermuda’s AXIS Capital Holdings Limited reported a net loss for the third quarter of 2008 of $249 million, or $1.79 per diluted common share, compared with net income of $270 million, or $1.65 per diluted common share, for the third …
Willis Group Holdings announced the appointment of Howard Robinson as a marketing consultant and Sarah Walters as marketing communications manager for the Willis Commercial Network, a partnership of local, independent brokers in the UK with Willis. “The appointments will expand …
ACE Limited reported net income for the third quarter ended September 30, 2008, of $54 million, compared to $656 million in the same period of 2007, a 92 percent decrease. Earnings per share were $0.16, compared with $1.95 per share …
Canada’s insurance regulator on Tuesday eased guidelines on the capital that insurers need to set aside for guaranteed payments on segregated funds, lifting a concern that weighed on their share prices as equities markets plunged recently. Shares of Manulife Financial, …
