Neither Standard & Poor’s Ratings Services nor A.M. Best are currently expecting to change their ratings on Zenith National Insurance Corp or on Toronto-based Fairfax Financial Holdings, following the announcement on Thursday, Feb. 15, that it will buy all the …
The exclusive 2010 Insurance Journal Young Agents Survey asked independent agents 40 years old and younger: What do you like most about being an independent agent? Here’s what some of the 631 agents who responded had to say: The freedom …
Grounding Claims, Fire, Engine Damage and Piracy All Concerns for Cruise Liners Cruise ships have been in the news a lot recently, but sometimes for the wrong reasons. Stories of passengers stricken with norovirus, or stranded in the Antarctic ice, …
Two leading European insurers on Thursday unveiled big dividend increases, confirming a sector-wide trend as the industry takes comfort from a steady recovery in its capital strength since the crisis. AXA, Europe’s biggest insurer, raised its 2009 dividend by 38 …
Swiss Re returned to profit in 2009. The world’s number two reinsurer reported net income of CHF506 million [$468.9 million], compared to a loss of CHF 864 million [$800.6 million] in 2008. The earnings statement noted: “Net income was impacted …
Financial stress is the number one reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6 percent of arson offenses of …
Takeover target AXA Asia-Pacific’s promise of strong growth in 2010 prompted analysts to suggest suitors may consider raising their bids for the firm but top officials declined comment on the $12 billion tussle. Insurer AXA Asia-Pacific, which is being circled …
The Bermuda-based Arch Capital Group Ltd reported that net income available to common shareholders for the 2009 fourth quarter of $284.7 million, or $4.75 per share, compared to a net loss to common shareholders of $143.0 million, or $2.38 per …
Reno, Nev.-based Employers Holdings Inc. announced it will review the company’s fourth quarter and full year 2009 financial results during a conference call and Webcast on Febr. 25, 2010, at 10:30 a.m. PST. The Webcast will be accessible on the …
PartnerRe Ltd. shook off a rather dismal 2008 with a strong performance in 2009. The Bermuda-based reinsurer posted net income of $354.4 million, or $4.25 per share on a fully diluted basis for the fourth quarter of 2009, compared to …
