Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. In his evaluation of centenarian insurance companies and species for …
USAA, the banking and insurance company that caters to military personnel, says it is investigating an e-mail scam aimed at getting its customers’ personal information. The scheme targets a wide number of people in hopes of finding some who are …
Reno, Nev.-based Employers Holdings Inc. has reported third quarter 2010 net income of $10.1 million compared with $30.6 million in the third quarter of 2009, a decrease of $20.5 million or $0.42 per diluted share. Net income for the nine …
Bermuda-based Validus Holdings reported net income of $238.5 million, or $2.08 per diluted common share for the three months ended September 30, 2010, compared with net income of $499.2 million, or $5.21 per diluted common share, for the three months …
Zurich Financial Services Group reported a business operating profit of $1.2 billion and net income of $751 million for the third quarter. “Global Life and Farmers supported the Group’s profitability by delivering ongoing top-line growth coupled with strong profit margins,” …
The Kentucky Associated General Contractors Self Insurers’ Fund, a provider of workers’ compensation insurance, said it will return $11.3 million in dividends to its qualifying membership in March of 2011. The firm said this will mark the 17th straight year …
Nearly 5,000 formal complaints from more than 26,000 consumer inquiries on insurance questions have been filed by Coloradoans with the state Division of Insurance. According to the DOI’s annual report on “Complaints Against Insurers,” more than $12 million was restored …
Bermuda-based PartnerRe Ltd. reported net income of $524.9 million, or $6.76 per share on a fully diluted basis for the third quarter of 2010. The bulletin said the figure “includes net after-tax realized and unrealized gains on investments of $233.0 …
Swiss Re reported third-quarter net income of $618 million, compared to $314 million in the prior-year period. The reinsurer also announced that the” convertible perpetual capital instrument issued to Berkshire Hathaway has been terminated with effect from 3 November 2010.” …
Bermuda-based XL Group plc reported net income attributable to ordinary shareholders of $77.543 million for the third quarter of 2010, or $0.23 per ordinary share, compared to a net loss of $11.4 million, or a loss of $0.03 per ordinary …
