San Antonio-based Argonaut Group Inc. announced that net income increased by 22.4 percent and return on equity (ROE) rose 21 percent in the first quarter of 2007 above that of the same period in 2006. The company reported net income …
The October, 2004 attack by then New York Attorney General, now Governor, Eliot Spitzer against bid rigging and contingent commissions generated significant losses, both in income and competitiveness, for the world’s three biggest global insurance brokers. Fortunately for Marsh & …
$100 Million Insured losses from the storm that spawned tornadoes and large hail over portions of the Dallas – Fort Worth area on April 13, have been set at approximately $100 million, the Insurance Council of Texas reported. Twenty thousand …
$100 Million Insured losses from the storm that spawned tornadoes and large hail over portions of the Dallas – Fort Worth area on April 13, have been set at approximately $100 million, the Insurance Council of Texas reported. Twenty thousand …
State Farm will reduce auto insurance rates an average of 6 percent in Illinois effective May 14, the company said in a statement this week. Premiums will dip by an average $40 a year statewide, though amounts will vary based …
Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the costs are likely to be huge. …
Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the costs are likely to be huge. …
Germany’s Munich Re Group reported that first quarter consolidated results rose slightly to €982 million ($1.33 billion) compared to €978 billion ($1.326 billion in the same period of 2006. Operating results, which excludes finance charges and taxes, actually declined by …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Swiss-based Glacier Reinsurance AG and its subsidiary, Glacier Insurance AG, which is based in Liechtenstein. Best also revised its rating …
Max Re Capital Ltd. will hold an investment community conference call on Monday, May 7, 2007, at 10 o’clock a.m. Eastern Time, to discuss the Company’s first-quarter 2007 financial results with interested investors and shareholders. Chairman and Chief Executive officer …
