earnings News

RenaissanceRe to Release Earnings Results Today; Conference Call

Bermuda’s RenaissanceRe will release fourth quarter and full year results today, Tuesday, Feb. 5, following the close of market. RenRe will conduct an investment community conference call on Wednesday, February 6, 2008 at 11:00 A.M. EST to discuss its financial …

AXIS Posts Strong Q4, Full Year Income Gains, as Net Tops $1 Billion

Bermuda-based AXIS Capital Holdings Limited has reported net income available to common shareholders for the fourth quarter of 2007 of $306 million, or $1.89 per diluted share, compared with net income of $281 million, or $1.69 per diluted share, for …

ChoicePoint to Buy Insurance Analytics Firm, Optimal Decisions Group

Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry. ODG develops predictive modeling, multi-year simulation and optimization models for insurance carriers in the U.S., United Kingdom …

PartnerRe Earnings Announcement Today; Conference Call Details

Bermuda-based PartnerRe Ltd. will announce its fourth quarter 2007 and full year results after the market close today, February 4, 2008. Senior management will conduct a dial-in conference call, which will include a question and answer period, on Tuesday, February …

AXIS Capital Earnings Announcement Today; Conference Call Details

Bermuda’s AXIS Capital Holdings Limited will announce its fourth quarter 2007 and full year results after the market close today, February 4, 2008. John Charman, CEO and President, and David Greenfield, CFO, will host an investment community teleconference, including a …

Commerce Insurance Reports Earnings Decline for 4Q, 2007

The Commerce Group, Inc. reported 2007 fourth quarter net earnings were $19.6 million, or $0.32 per diluted share, compared to net earnings of $59.4 million or $0.87 per diluted share for 2006. Commerce is in the process of being acquired …

Everest Re Earnings Report – $839 Million Full Year Net Income

The Bermuda-based Everest Re Group, Ltd. reported fourth quarter 2007 after-tax operating income, which excludes realized capital gains and losses, of $63.2 million, or $1.00 per diluted share, compared to after-tax operating income of $201.2 million, or $3.07 per diluted …

Meadowbrook Acquires Remaining Earnings from U.S. Speciality Underwriters

Southfield, Mich-based Meadowbrook Insurance Group, Inc. announced today its termination of the Management Agreement associated with its acquisition of the business of U.S. Specialty Underwriters, Inc. (USS). As previously announced, in April 2007, the company entered into an agreement to …

China’s Snow Crisis Highlights Weaknesses of Economy

China’s financial capital saw fresh snowfall Wednesday as the impact of unusually wintry weather deepened, highlighting the vulnerabilities of the country’s booming economy. Heavy snows in recent days have stalled shipments of food and fuel, complicating authorities’ efforts to combat …

Ratings Roundup: Allianz, AXIS

Standard & Poor’s Ratings Services said that its ratings and outlook on Allianz SE (AA/Stable/A-1+) and related entities were not immediately affected by the revision of the outlook to negative from stable on its German-based subsidiary Dresdner Bank AG (Dresdner; …