Insurer Ace Limited’s business opportunities have grown dramatically over the past month and a long slump in rate pricing appears to be over, CEO Evan Greenberg told investors. Greenberg, speaking Wednesday on a conference call following the release of quarterly …
Standard & Poor’s Ratings Services has affirmed its ‘A+/A-1’ long- and short-term counterparty credit ratings on Netherlands-based insurance group AEGON N.V. S&P also affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on AEGON’s core operating insurance entities. …
ACE Limited reported net income for the third quarter ended September 30, 2008, of $54 million, compared to $656 million in the same period of 2007, a 92 percent decrease. Earnings per share were $0.16, compared with $1.95 per share …
Bermuda’s AXIS Capital Holdings Limited reported a net loss for the third quarter of 2008 of $249 million, or $1.79 per diluted common share, compared with net income of $270 million, or $1.65 per diluted common share, for the third …
Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on German reinsurer Hannover Rueckversicherung AG and its core entities – Hannover Re Bermuda Ltd., E+S Rueckversicherungs AG, E+S Reinsurance (Ireland) Ltd., Hannover …
Bermuda’s RenaissanceRe Holdings reported an operating loss attributable to common shareholders of $143.4 million for the third quarter of 2008, compared to operating income available to common shareholders of $167.8 million in the third quarter of 2007. RenRe noted that …
Bermuda’s Aspen Insurance Holdings Limited will release its third quarter 2008 financial results today, Wednesday, October 29, 2008, following the close of U.S. markets. The Company will hold a conference call to discuss its financial results on Thursday, October 30, …
Contrary to the position taken by A.M. Best and Moody’s Investors Service, Fitch Ratings has revised CNA Financial Corporation’s rating outlook to negative from stable. However, Fitch affirmed the Issuer Default Rating (IDR) at ‘BBB+’; the Senior debt at ‘BBB’, …
ACE Limited expects to issue its third quarter earnings release and financial supplement after the market closes today, Tuesday, October 28, 2008. The bulletin noted that a copy of these documents will be available promptly following such issuance in the …
Bermuda-based AXIS Capital Holdings Limited expects to release financial results for the third quarter ended September 30, 2008, today Monday, October 27, 2008, after the close of the financial markets. President and CEO John Charman and CFO David Greenfield will …
