Bermuda-based Montpelier Re Holdings reported net income of $9.9 million ($0.13 per share) for the first quarter of 2010, and an operating loss of $23 million (-$0.31 per share). The reinsurer posted a $94 million loss, net of reinstatement premiums, …
Bermuda-based RenaissanceRe Holdings reported net income available to common shareholders of $165.0 million or $2.73 per diluted common share in the first quarter of 2010, compared to $97.3 million or $1.57 per diluted common share for the first quarter of …
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $112 million, or $0.79 per diluted common share for the first quarter of 2010, compared with net income of $116 million, or $0.78 per diluted common share, …
The Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2010 first quarter was $210.5 million, or $3.79 per share, compared to $139.9 million, or $2.24 per share, for the 2009 first quarter. The …
Bermuda-based Ariel Reinsurance Company Ltd. appointed Tom Hulst as CEO. Hulst will report to George Rivaz , the chairman of Ariel Reinsurance and CEO of Ariel Holdings. Hulst has been with the Ariel Re since shortly after its formation in …
Bermuda-based ACE Tempest Re Group has appointed Steve Roberts as managing director of its international business, which includes operations in London, Zurich, Sao Paulo and Shanghai. Roberts is currently the deputy managing director of the region. He will remain based …
Capacity returned in force to the global reinsurance market in 2009, as solid earnings helped to propel capital upward by 24 percent from the previous year, despite a softening market. Recovering from harsh blows delivered by the global financial crisis …
CRM Holdings Ltd., a Bermuda-based workers’ compensation insurance provider, announced that its primary insurance subsidiary, Majestic Insurance Co., has entered into a quota share agreement with certain subsidiaries of AmTrust Financial Services Inc. AmTrust is a multinational specialty property/casualty insurance …
Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities. “I’d like to be able to sign that,” Crist told Insurance Commissioner …
Ireland in general and Dublin in particular are in a financial crisis but the insurance and reinsurance sectors appear to be weathering the storm. In a recent interview, Sarah Goddard, CEO of the Dublin International Insurance Management Association (DIMA), said …
