Australia’s Qantas Airways has grounded its A380 fleet for at least another three days as it investigates oil leaks as a possible cause of the explosion which tore apart one of the super jumbo’s engines last week. Qantas shares fell …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Singapore’s First Capital Insurance Limited, both with stable outlooks. The ratings reflect First Capital’s “adequate risk-adjusted capitalization and its ability to …
The Travelers Companies announced that it has entered into a joint venture agreement under which it will invest in J. Malucelli Participações em Seguros e Resseguros S.A., “the market leader in the surety insurance business in Brazil with a market …
Bermuda-based Validus Holdings reported net income of $238.5 million, or $2.08 per diluted common share for the three months ended September 30, 2010, compared with net income of $499.2 million, or $5.21 per diluted common share, for the three months …
Bermuda-based PartnerRe Ltd. reported net income of $524.9 million, or $6.76 per share on a fully diluted basis for the third quarter of 2010. The bulletin said the figure “includes net after-tax realized and unrealized gains on investments of $233.0 …
Swiss Re reported third-quarter net income of $618 million, compared to $314 million in the prior-year period. The reinsurer also announced that the” convertible perpetual capital instrument issued to Berkshire Hathaway has been terminated with effect from 3 November 2010.” …
Bermuda-based XL Group plc reported net income attributable to ordinary shareholders of $77.543 million for the third quarter of 2010, or $0.23 per ordinary share, compared to a net loss of $11.4 million, or a loss of $0.03 per ordinary …
The Bermuda-based Argo Group International Holdings, Ltd. reported earnings figures for the third quarter of 2010 which show net income of $23 million or $0.77 per diluted share, compared to $27.6 million or $0.89 per diluted share for the three …
Zurich Financial Services Group reported a business operating profit of $1.2 billion and net income of $751 million for the third quarter. “Global Life and Farmers supported the Group’s profitability by delivering ongoing top-line growth coupled with strong profit margins,” …
Bermuda-based Alterra Capital Holdings Limited reported net income of $82.8 million, or $0.70 per diluted share, for the third quarter of 2010, compared to net income of $95.3 million, or $1.64 per diluted share, for the same quarter of 2009. …
