Tustin, Calif.-based Yates & Associates announced that Pat Piccinonno has joined the firm as property/casualty underwriter. He will be responsible for new business production. Piccinonno began his insurance career in 1973 in New York and continued in the industry with …
French reinsurer SCOR had a very satisfactory second quarter with net income of €120 million ($156.75 million), compared to €91 million ($119 million) in the second quarter 2009, a 32 percent rise. The increase offset a difficult first quarter, with …
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the second quarter of 2010 of $108.9 million, or $1.28 per diluted share. Operating earnings, which excludes capital gains/losses, was up slightly at $104.9 million, or $1.23 per diluted …
The Bermuda-based Everest Re Group reported second quarter 2010 after-tax operating income, which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income of $256.2 million, or $4.16 per …
Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $58.6 million and $0.97 per diluted common share for the second quarter of 2010, compared to net income of $149.1 million and $2.42 per diluted common share in the second quarter …
A majority of Americans believe that laws allowing people to sue their own auto insurance company for punitive damages, in addition to receiving benefits for their insured claim losses, are not a good idea. New public opinion survey findings from …
A.M. Best Co. has affirmed the financial strength rating of ‘A ‘(Excellent) and issuer credit ratings of “a” of Sweden’s Skandia Insurance Company Ltd. and Skandia Life Assurance Company Limited (Skandia UK), the main subsidiaries in Old Mutual plc’s Nordic …
Bermuda,-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $210.2 million or $3.66 per diluted common share in the second quarter of 2010, compared to net income available to common shareholders of $271.2 million or $4.32 per …
BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who will replace gaffe-prone Tony Hayward as …
ACE Limited reported net income for the quarter ended June 30, 2010, of $677 million, or $1.98 per share, compared with $535 million, or 1.58 per share for the same quarter last year. Income excluding net realized gains/losses, or operating …
