The Swiss mountain air seems to agree with ACE Limited, as it reported net income for the third quarter of $494 million, or $1.46 per share, compared with $0.16 per share for the same quarter last year, an increase of …
Liberty Mutual Group’s results for the third quarter of 2009 are in sharp contrast to the same period of 2008. The group reported net income for the period of $265 million for the period. Its pre-tax operating income before private …
A.M. Best Co. has assigned its Best’s Syndicate Ratings of ‘A’ (Excellent) and issuer credit ratings of “a+” to Lloyd’s Syndicate 3623 and Lloyd’s Syndicate 3622, with stable outlooks. Syndicates 3623 and 3622 are managed by Beazley Furlonge Limited, a …
Insurance holding company W. R. Berkley Corp. reported net income for the third quarter of 2009 of $98 million, compared to a net loss of $28 million for the third quarter of 2008. Operating income for the third quarter of …
A state economic development board is approving tax breaks for several projects aimed at bringing new jobs to Michigan. One of the companies approved for the tax breaks is Auto-Owners Insurance Group in Delta Township, near Lansing. Gov. Jennifer M. …
A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating to “bbb+” from “a-” of Egypt’s Misr Insurance Company, and has revised its outlook on both of the ratings from …
Bermuda-based PartnerRe Ltd. reported net income of $566.7 million, or $9.44 per share on a fully diluted basis for the third quarter of 2009. The bulletin said the figure “includes after-tax net realized and unrealized gains on investments of $274.4 …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Germany’s Allianz Global Corporate & Specialty AG (AGCS AG). Best also affirmed the FSR of ‘A+’ (Superior) and …
Willis Group Holdings Limited has reported strong results for the third quarter of 2009 and the first nine months ended September 30, 2009. Highlights of the quarter ended September 30 included the following: — Reported earnings per diluted share from …
The Bermuda-based Arch Capital Group reported that net income available to common shareholders for the 2009 third quarter was $274.4 million, or $4.39 per share, compared to $26.4 million, or $0.42 per share, for the 2008 third quarter For the …
