Insurance Australia Group (IAG) announced that, based on preliminary results, it expects to post an insurance profit of A$493 million (US$445 million) for the full year of 2010, a decrease from the A$515 million (US$465 million) it reported for the …
Bermuda-based PartnerRe Ltd. announced that Charles Goldie has been appointed Head of Specialty Lines, PartnerRe Global, effective September 1, 2010. The Specialty Lines business unit in PartnerRe Global comprises agriculture, surety and specialty casualty outside of North America as well …
The CEA (Centre d’Etudes d’Assurance), the European insurance and reinsurance federation, has written to the US House of Representatives to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities. The comments center on …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries, China Property & Casualty Reinsurance Company Ltd (CPCR) and …
Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, reported financial results for the second quarter ended June 30, 2010. Fully converted book value per share was $22.31 at June 30, 2010, an increase of …
Bermuda-based Arch Capital Group reported net income available to common shareholders for the 2010 second quarter of $237.0 million, or $4.45 per share, compared to $152.1 million, or $2.43 per share, for the 2009 second quarter. The Company also reported …
The California State Compensation Insurance Fund has named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the Board of Directors and is responsible for the day-to-day operations of State Fund. As head of …
United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, reported that net premiums written in its property/casualty sector declined in the three-month and six-month periods ended June 30, 2010, as compared with the same periods of the prior year. …
Headquartered in Carlsbad, Calif., H. Linwood Insurance Services Inc. (HLIS) has opened its doors as a full-service brokerage firm for commercial insurance business in multiple states. In addidtion to its home office, the company will have two satellite offices in …
California Insurance Commissioner Steve Poizner is considering a recent court decision a victory for consumers, as a lawsuit that attempted to stop the Commissioner from protecting Californians in connection with the Executive Life Insurance Co. was dismissed by the Court. …
