The Bermuda-based Everest Re Group reported first quarter 2009 after-tax operating income, which excludes realized capital gains and losses and gain on debt repurchase, of $106.1 million, or $1.73 per diluted share, compared to after-tax operating income of $190.6 million, …
Bermuda’s RenaissanceRe Holdings reported that its net income available to common shareholders in the first quarter of 2009 fell to $97.3 Million, or $1.57 per common share, compared to net income available to common shareholders of $137.2 million or $2.05 …
A former executive at General Re Corp. has been sentenced to a year in prison for his role in a scheme to artificially inflate the stock price of American International Group. Robert D. Graham, 61, was sentenced yesterday by a …
A Montana bill that would have banned an automobile insurer from refusing to insure or refusing to continue to insurance an individual, or varying rates or limiting the scope or amount of coverage or benefits available to an individual based …
The Bermuda-based Arch Capital Group reported that net income available to common shareholders for the 2009 first quarter was $139.9 million, or $2.24 per share, compared to $189.4 million, or $2.78 per share, in Q1 2008 first quarter. The Company …
A federal court ruled that an insurer has a duty to defend and indemnify a flooring company which installed carpets and tiles in a Massachusetts office that were so fume-ridden, they made the building unusable. In a closely watched legal …
U.S. life insurers, weakened by the global financial crisis, are in for mergers and regulators will not shy away from playing matchmaker to deal with weak companies, Eric Dinallo, New York’s insurance superintendent, said Tuesday. Deals could happen in other …
ACE Limited reported from its Zurich headquarters that net income for the quarter ended March 31, 2009 was $567 million, or $1.69 per share, compared to $377 million, or $1.10 per share for the same quarter last year. Income excluding …
Bermuda-based Montpelier Re Holdings Ltd. reported operating income of $47 million (or $0.54 per share) for the quarter ended March 31, 2009, compared to $28.2 million for the same period of 2008. Comprehensive net income was $51 million (or $0.59 …
Federal investigators are focusing their attention on three employees at American International Group Inc.’s financial products unit amid a probe into derivatives contracts that nearly destroyed the insurance giant, according to a report in The Wall Street Journal. In a …
