A.M. Best Co. has assigned an issuer credit rating (ICR) of “bbb-” to Darwin Professional Underwriters, Inc. (DPUI) of Wilmington, Del. and has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and ICRs of “a-” of the Darwin Group, …
American International Group Inc. may be quite sanguine about its financial outlook (See related article), but Standard & Poor’s Ratings Services isn’t quite as confident. S&P announced that it has revised its outlook on AIG and its core insurance operating …
Liberty Mutual Group said its 2007 profit dipped nearly 7 percent compared with unusually strong 2006 results, as greater insurance industry competition led to pressure to cut policyholder rates. The nation’s sixth-largest property and casualty insurer reported full-year net income …
Bermuda-based Allied World Assurance Company Holdings, Ltd. reported net income of $123 million, or $2.01 per diluted share, for the fourth quarter 2007 compared to net income of $128.4 million, or $2.04 per diluted share, for the fourth quarter 2006. …
Singer Tom Jones denied a report he bought a $6.8 million insurance policy for his chest hair. The British tabloid, The Daily Mirror, reported the famed singer went to underwriters at Lloyd’s of London with the unusual request and they …
Margin compression and continued pricing erosion will put increasing pressure on the insurance industry to achieve top line objectives in 2008, according to industry analysts. “With pricing becoming increasingly softer, leadership is going to become all the more important in …
Chicago-based Aon Corp. (NYSE:AOC) reported on Thursday, February 7th, results for the fourth quarter and full year ending Dec. 31, 2007. Net income decreased 7percent to $207 million or $0.64 per share, compared to $223 million or $0.67 per share …
The subprime mortgage crisis that has dragged down the profits of many insurers, especially in the fourth quarter of 2007, doesn’t seem to have affected Aspen Insurance Holdings Limited. The Bermuda-based Company announced fourth quarter net income of $135.2 million, …
Global broker Willis Group Holdings reported fourth quarter and full year revenues that were slightly less than those posted in 2006, even though gross revenues from commissions and fees were somewhat higher. Net income for the quarter ended December 31, …
Bermuda’s Endurance Specialty Holdings Ltd. reported net income of $152.5 million and $2.18 per diluted common share for the fourth quarter of 2007, compared to $198.8 million and $2.70 per diluted common share in the fourth quarter of 2006. For …
