Toronto-based Fairfax Financial Holdings Ltd said Friday it expects the insurance market to turn a corner this year and believes its book value will be “up significantly” in five years. Speaking during a conference call the morning after Fairfax reported …
Age may determine how much health and life insurance companies spend trying to get people onboard. A new study shows health and life insurers pay much more attention to Baby Boomers than they do to Generation X and Generation Y. …
Pennsylvania-based Harleysville Group Inc. saw second quarter profits climb 115 percent to $20.1 million, up from $9.3 million in the year-ago quarter. At the same time, revenues at the insurer fell nearly 7 percent to $244.5 million, from $261.5 million …
The head of Colorado’s state-chartered workers’ compensation insurance fund says the company wants to go private. Ken Ross, president and chief executive of Pinnacol Assurance, told The Denver Post editorial board the company might be willing to pay taxes and …
Jacksonville, Florida-based medical liability insurer FPIC Insurance Group Inc. will acquire Advocate, MD Financial Group Inc. of Austin, Texas for $33.6 million. The deal includes additional considerations of up to $12 million based on Advocate, MD’s future financial performance. Advocate, …
The Hartford reported a second quarter 2009 net loss of $15 million compared with second quarter 2008 net income of $543 million. Even so, Ramani Ayer, chairman and chief executive officer of The Hartford, said the insurer is seeing a …
Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $149.1 million and $2.42 per diluted common share for the second quarter of 2009, compared to $103.3 million and $1.54 per diluted common share in the second quarter of 2008. For …
Bermuda-based Montpelier Re Holdings Ltd. reported net income and comprehensive income of $159 million ($1.81 per share) and $163 million ($1.85 per share), respectively, for the quarter ended June 30, 2009, compared to $44.1 and $44.2 million respectively for the …
Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $271.2 million or $4.32 per diluted common share in the second quarter, compared to net income available to common shareholders of $135.7 million or $2.13 per diluted common …
In a filing of financial results for the second quarter 2009, Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. reported that amended settlement agreements with the Illinois Attorney General and the Illinois Department of Insurance will allow it to …
