Max Capital Group Ltd. will hold an investment community conference call on Tuesday, May 6, 2008, at 10 o’clock a.m. Eastern Time, to discuss the Company’s first-quarter 2008 financial results with interested shareholders and other members of the financial community. …
A.M. Best Co. has revised the outlook to positive from stable for the ratings of New Zealand’s Pacific International Insurance Limited (PII), and has affirmed PII’s financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-“. “The rating …
Swiss Re reported a sharp drop of 53 percent in net income for the first quarter of 2008. The world’s largest reinsurer earned CHF 624 million ($592.4 million) for the period, compared to the CHF 1.329 billion ($1.261 billion) it …
77% Allstate Corp. that its first-quarter 2008 net income dropped 77 percent, hurt by write-downs in its investments and larger-than-expected catastrophe losses. The insurer said it had to write down the value of fixed-income securities by $347 million because of …
$4.3 Million Arkansas is losing $4.3 million in federal money allocated for workforce training programs, Gov. Mike Beebe said in an April 18 radio address. The U.S. Department of Labor is rescinding funding nationwide by $250 million for the Workforce …
Part1: Retaining limited underwriting risk could offer MGAs a way to bolster revenue Editor’s Note: The following is part one of a discussion of the risk retention options available to MGAs, the sundry variables which may affect their execution, and …
Stock Prices Consistent with the market as a whole, the carrier sector has had a rocky start to the new year, trading down 10 percent. M&A Activity M&A activity in the property/casualty sector remained robust as the new year began. …
A number of Bermuda-based companies announced their first quarter results last week, which were generally lower than the same period of 2007. The financial credit crunch, combined with the ongoing soft market, had a noticeable effect on earnings, even though …
Warren Buffett’s Berkshire Hathaway Inc. said Friday that first- quarter profit tumbled 64 percent, hurt by losses tied to derivatives contracts and a steep slide in insurance premiums. Net income for the Omaha, Nebraska-based insurance and investment company fell to …
Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based AEGON N.V. and its core subsidiaries to negative from stable. Concurrently S&P affirmed its ‘A+/A-1’ counterparty credit rating on AEGON N.V. and its ‘AA’ long-term counterparty credit and insurer …
