October 29, 2010
Cincinnati Financial Corp. reported $156 million, or 95 cents per share, of net income for the third quarter of 2010 compared with a net income of $171 million, or $1.05 per share, in the third quarter of 2009. The company’s …
October 29, 2010
AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO market. The stronger-than-expected listing will be a …
October 29, 2010
The Navigators Group has established Navigators Re, a unit focused on developing specialty assumed reinsurance business. “As a global specialty insurer, there are certain product lines and geographies where a reinsurance approach is a more efficient and practical manner in …
October 29, 2010
The Nevada state Department of Motor Vehicles is notifying some motorists to check their registration status, after some insurers failed to submit required records in February. DMV spokesman Tom Jacobs downplayed the effect of the lapse. He said it stems …
October 29, 2010
Allstate Corp. on Wednesday reported that quarterly operating income fell 16 percent, missing analysts’ forecasts, as the largest publicly traded U.S. home and auto insurer lost existing customers and ramped up spending to try to attract new ones. Allstate’s chief …
October 28, 2010
California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. In 2007, insurers contributed $30.1 billion to California’s …
October 28, 2010
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the third quarter of 2010 of $92.8 million and operating earnings of $0.79 per diluted ordinary share, compared to Q3 2009 net income after tax of $145.8 million, and …
October 28, 2010
Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common shareholders of $258.6 million or $4.12 per …
October 28, 2010
A Mississippi businessman has been awarded $103 million in a lawsuit against the Chicago-based law firm that he accused of defrauding his oil and gas business. Lavon Evans Jr. filed the lawsuit in Jones County Circuit Court in Mississippi in …