A Jackson County, Mo., judge agreed on July 23, 2008, to throw out a contempt order against Allstate Insurance after determining the company had finally complied with his directions to release confidential documents. The Kansas City Star reported on its …
A number of Bermuda-based companies have released their second quarter earnings reports, as follows: RenaissanceRe Holdings Ltd. reported $159.9 million in second quarter operating income available to common shareholders compared to $194.7 million in the second quarter of 2007, an …
BrickStreet President and CEO Gregory A. Burton announced the Charleston, West Virginia-based workers’ compensation insurer made an extra, unscheduled payment of $60 million to the state of West Virginia toward repayment of a startup loan. “We have now repaid $115 …
Standard & Poor’s Ratings Services has lowered its counterparty credit and insurer financial strength ratings on the UK-based Congregational & General Insurance PLC to ‘BB+’ from ‘BBB-‘. S&P also placed its ‘BB+’ rating on the company on CreditWatch with negative …
Richmond, Virginia-based insurance broker Hilb Rogal & Hobbs, which is in the process of being acquired by bigger insurance broker Willis, reported revenues were up 5.3 percent while net income plummeted for the second quarter. Net income for the second …
Bermuda-based Aspen Insurance Holdings Limited will release its second quarter 2008 financial results today, Wednesday, July 30, 2008, following the close of U.S. markets. The Company will hold a conference call to discuss its financial results on Thursday, July 31, …
ACE Limited reported after tax operating net income for the second quarter ended June 30, 2008, of $738 million, an 11 percent gain. Net income per common share was $2.20 after payment of preferred dividends, compared with $1.93 per share …
Standard & Poor’s Ratings Services has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Germany’s Allianz SE (AZSE) and various core operating entities. S&P also affirmed its ‘A-1+’ short-term ratings on AZSE and various core operating …
Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit rating on the Bermuda-based holding company Endurance Specialty Holdings Ltd. S&P also affirmed its ‘A’ counterparty credit and financial strength ratings on the holding company’s core operating subsidiaries: Endurance …
Bermuda’s ACE Limited expects to issue its second quarter earnings release and financial supplement after the market closes today Tuesday, July 29, 2008. A copy of these documents will be available promptly following such issuance in the Investor Information section …
