The Bermuda-based Argo Group International Holdings managed to post a net profit of 51.1 million for the first nine months of 2008, despite posting an $8.8 million third quarter net loss. Other earnings highlight listed by the Group for the …
Boston-based Safety Insurance Group Inc. saw third quarter profits shrink by nearly 20 percent — about $4.6 million — compared with the same period last year, according to the insurer’s latest earnings report. Net income for the third quarter, which …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Sweden’s Sirius International Insurance Corporation with stable outlooks. The Company is a subsidiary of Bermuda-based White Mountains Insurance Group (WMG). …
The Bermuda-based Max Capital Group Ltd. will hold an investment community conference call today, today, Monday, November 3, 2008, at 10 o’clock a.m. Eastern Time, to discuss the Company’s third quarter 2008 financial results with interested investors and shareholders. Chairman …
Bermuda-based Flagstone Reinsurance Holdings Limited will release its third quarter results after the close of market today, Monday, November 3rd, 2008. The Company will hold an investment community conference call on Tuesday, November 4th, 2008, at 9:30am Eastern Time to …
Mercury Casualty Co., the largest insurance subsidiary of Los Angeles-based Mercury General Corp., agreed to buy Auto Insurance Specialists Inc. from Aon Corp. AIS is an independent broker and producer of automobile insurance in California. It reported $400 million of …
Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current equity markets, activity in the P/C insurance …
As economic stagnation and current rate pressure weakens performance and as supply starts to outstrip demand for acquisitions, agencies and brokers must be prepared for deteriorating valuations. As the next few years will be characterized by an increasingly difficult and …
As 59-year-old Richard Krikalo lumbers through the office of a junkyard he helps manage, he bumps into a desk and clips a wastebasket with his right leg. Krikalo is almost blind in his right eye and has trouble with depth …
Aspen Insurance Holdings has reported a third quarter 2008 net loss after tax of $116.7 million, compared with a net profit after tax of $117.2 million in Q3 2007. Operating earnings per share also posted a loss in the third …
