2010 News

Validus Group Posts $102.7 Million Q4 Net Income; $402.6 Million FY

As has been the case with many of its peers, Bermuda-based Validus Holdings didn’t escape the loss events of 2010 unscathed, as both fourth quarter and full year earnings results were battered. Validus reported net income of $102.7 million, or …

Endurance Reports $111.2 Million Q4 Net Income; $364.7 Full Year

Bermuda-based Endurance Specialty Holdings reported net income of $111.2 million and $2.09 per diluted common share for the fourth quarter of 2010, compared to net income of $154.8 million and $2.56 per diluted common share for the fourth quarter of …

Alterra Capital Reports $79.7 Q4 Net Income; FY $302.3 Million

Bermuda-based Alterra Capital Holdings reported net income of $79.7 million, or $0.69 per diluted share, for the fourth quarter of 2010, compared to net income of $62.6 million, or $1.08 per diluted share, for the same quarter of 2009. The …

Montpelier Re Posts $42.2 Million Q4 Net Income; FY $212 Million

Bermuda-based Montpelier Re joined a number of its compatriots in posting sharp declines in both fourth quarter 2010 net income and for the full year. The Group’s Q4 net income was $42.2 million, compared to $$104.7 million in Q4 2009. …

Everest Re Posts $257.8 Mn Q4 Operating Net Income; FY $518 Mn

The Bermuda-based Everest Re Group reported fourth quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $257.8 million, or $4.70 per diluted common share, compared to after-tax operating income1 of $192.0 million, or $3.19 per …

Willis Reports $89 Million Q4 Net Income; FY $455 Million

Willis Group Holdings reported increases in both fourth quarter and full year net income. For the quarter ended December 31, 2010 net income was $98 million, or $0.57 per diluted share, compared with $79 million, or $0.47 per diluted share, …

Catlin Group 2010 Profits Fall to $406 Million on Cat Losses

The Bermuda-based (London headquartered) Catlin Group Limited reported net profits before tax in 2010 of $406 million, compared to $603 million in 2009, primarily due to a significant increase in catastrophe losses last year. However the group’s combined ratio rose …

Zurich BOP off 13% for 2010 at $4.9 Bn; Net Income $3.4 Bn

Zurich Financial Services Group reported a business operating profit (BOP) of $4.9 billion, a 13 percent decline, and net income of $3.4 billion for the year ended Dec. 31, 2010. The company said the results reflected “its strong focus on …

XL Group Posts $188 Million Q4 Net Income; FY $585.5 Million

The XL Group announced significant income gains for both the fourth quarter of 2010 and for the full year. Net income attributable to ordinary shareholders in Q4 was $188.1 million, or $0.57 per ordinary share, compared to a loss of …

AXIS Capital Posts $264 Million Q4 Net Income; FY $820 Million

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the fourth quarter of 2010 of $264 million, or $1.99 per diluted common share, compared with net income of $282 million, or $1.87 per diluted common share, …