Bermuda-based PartnerRe Ltd. reported net income of $79.7 million, or $0.85 per share on a fully diluted basis for the first quarter of 2010; the figure includes net after-tax realized and unrealized gains on investments of $110.6 million, or $1.33 …
Transocean Ltd. said Wednesday that it has received $401 million in insurance payments for an oil rig that exploded and sank two weeks ago in the Gulf of Mexico. Transocean also said in a regulatory filing that it has recieved …
Nationwide Mutual Insurance Co. announced it will fill 1,400 job openings, including about 600 in its home state of Ohio. The Columbus-based insurance and financial services company is recruiting for entry-level customer service and claim service positions in central Ohio …
American International Group Inc. turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize. Chartis, the general insurance business, saw net premiums decline, but AIG …
Laws enacted in the just-concluded 2010 Hawaii legislative session will increase insurance costs and possibly affect premiums for Hawaii consumers and businesses, the Property Casualty Insurers Association of America said. “Hawaii is facing difficult state budget problems, and we realize …
Bermuda-based Flagstone Reinsurance Holdings Limited joined a number of reinsurers with diminished results for the first quarter of 2010. The Company reported net operating income of $12.1 million, compared to $31.3 million in Q1, 2009, a 61.4 percent drop. However, …
Swiss Re reported net income of $158 million for the first quarter of 2010, a successful result given the “high natural catastrophe losses in the first quarter.” Swiss Re also noted that the “estimated excess capital position at the AA …
The Zurich Financial Services Group reported a strong performance for the three months ended March 31, 2010. First quarter performance highlights included the following: • Business operating profit (BOP) of $1.3 billion, an increase of 19 percent. Annualized BOP ROE …
The Bermuda-based Argo Group International Holdings released the following highlights for the quarter ended March 31, 2010: — Total revenue was $372.3 million versus $369.5 million in the year-ago quarter; — Gross written premiums were $404.5 million versus $496.1 million …
Wisconsin Gov. Jim Dolye has signed legislation banning drivers from sending text messages while driving. Wisconsin joins Iowa, Kentucky, Michigan, Nebraska and Wyoming as the states to pass laws that ban all drivers from sending text messages this year, according …
