The Bermuda-based Everest Re Group reported an overall net loss of $16.591 million, or $0.27 per share, for the fourth quarter of 2008 compared to net income of $12.2 million, or $0.19 per diluted share, for the same period in …
Willis Group Holdings, the third largest global insurance broker, said Wednesday that its fourth-quarter net income fell about 35 percent, hurt by declines in foreign currency and integration costs from a recent acquisition. Net income was $62 million, or 37 …
The Bermuda-based Max Capital Group reported a net loss for the three months ended December 31, 2008, of $94.1 million, or $1.67 per diluted share, compared to net income of $62.4 million, or $1.00 per diluted share, for the three …
Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on XL Capital Ltd. and its ‘A’ counterparty credit and financial strength ratings on XL’s core operating insurance subsidiaries. However, S&P also said that the outlook on all …
Swiss RE’s CEO Jacques Aigrain resigned today, Thursday, February 13, a week after U.S. investor Warren Buffett stepped in with new capital and the reinsurer said it was disbanding its financial markets business. Swiss Re said Aigrain has been replaced …
Alaska Attorney General Talis Colberg’s resignation has brought out in the open what’s been simmering since Gov. Sarah Palin returned from the presidential campaign trail — the lingering hard feelings in the state Capitol. But politicians disagree on the source …
The Wyoming House of Representatives has defeated a bill that would have increased the financial minimum limits on personal automobile liability coverage. If it had passed, HB 168, the Motor Vehicle Financial Responsibility Bill, would have raised the minimum limits …
Marsh & McLennan Cos Inc , the No. 2 global insurance broker, reported better-than-expected fourth-quarter earnings, helped by lower costs, and forecast higher profits in 2009, sending its shares up 16 percent. The company said the 2008 restructuring at Marsh …
Two members of the U.S. House of Representatives’ Committee on Financial Services have announced plans they will introduce legislation that will create national standards for how states regulate the surplus lines market and reinsurance as well as a uniform system …
Marsh & McLennan Companies Inc. reported profits were up 4 percent for the full year 2008, but fourth quarter revenue was down some 9 percent over the previous year’s quarter. In the fourth quarter 2008, consolidated revenue was $2.7 billion, …
