Allied World Assurance Company Holdings reported net income of $19.9 million, or $0.39 per diluted share, for the fourth quarter of 2008 compared to net income of $123.0 million, or $2.01 per diluted share, for the fourth quarter of 2007, …
Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester, Massachusetts-based insurer earned in …
Zurich Financial Services Group has announced net income after tax of $3 billion for 2008 as well as a CHF 11.00 ($9.48) gross dividend proposal and operating profits of $$5.2 billion. As detailed below, the figures show a general decline …
Standard & Poor’s Ratings Services has assigned its ‘AA-‘ counterparty credit and financial strength ratings to Philadelphia Indemnity Insurance Co. and its sister company, Philadelphia Insurance Co. (collectively referred to as PHLY). S&P also said that the outlook on both …
PartnerRe Ltd. joined the growing list of companies, reporting sharp fourth quarter and full year net income decreases. The Bermuda-based reinsurer posted Q4 net income of $95.3 million, compared to the $180.6 million it earned in the same period of …
ACE Limited reported net income for the fourth quarter ended December 31, 2008, of $20 million, a 96 percent decline from the $572 million the group posted in the same period of 2007. The company recorded net losses on investments …
Bermuda-based Aspen Insurance Holdings Limited will release its fourth quarter and year-end 2008 financial results today, Wednesday, February 4, 2009, following the close of U.S. markets. The Company will hold a conference call to discuss its financial results on Thursday, …
Standard & Poor’s Ratings Services has indicated that its ‘BBB’ counterparty credit rating on Markel Corp (MKL) “is not affected by today’s announcement of fourth quarter 2008 earnings.” S&P noted that the Company “reported a $59 million net loss for …
A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb” from “a-” of Bermuda-based New Castle Reinsurance Company Ltd. Best also downgraded the ICR to “bb-” from …
ACE Limited expects to issue its year-end, fourth quarter earnings release and financial supplement after the market closes today, Tuesday, February 3, 2009. A copy of these documents will be available promptly following such issuance in the Investor Information section …
