A proposal for the federal government to support state-run catastrophe-insurance programs would increase the number of people buying earthquake coverage in California and modestly lower both uninsured losses and government assistance following a major quake, a new study has found. …
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 …
Tropical Storm Tomas re-strengthened to a hurricane Friday as it headed between Cuba and Haiti, drenching with overnight rain crowded tent and tarpaulin camps housing vulnerable Haitian earthquake survivors. Although some camp dwellers in Haiti’s capital, homeless from the Jan. …
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.” …
The most recent bulletin from the National Hurricane Center, posted at 11:00 a.m. EDT, puts Tropical Storm Tomas about 125 miles, 205 kms south-southeast of Kingston, Jamaica, and about 295 miles, 475 kms west-southwest of Port au Prince, Haiti. Maximum …
Bermuda-based Montpelier Re Holdings Ltd. reported operating income of $0.86 per share, $60.7 million total, and comprehensive income of $1.28 per share, $90.8 million total, slightly higher than the net income figure due to the inclusion of other income items. …
A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable for the ratings of Germany’s Hannover Rueckversicherung AG (Hannover Re) and its related debt issues and rated subsidiaries. Best also affirmed the financial strength rating …
“In the midst of a disaster, our customers count on us to get our jobs done … No excuses!” That promise by County Wide Insurance, a Trusted Choice agency in Dexter, Missouri, was severely tested on Jan. 27, 2009 when …
Flagstone Reinsurance Holdings, S.A., which is domiciled in Luxembourg, reported net income attributable to common shareholders for the quarter ended September 30, 2010 of $37.3 million, or $0.48 per diluted share, compared to a net income of $67.1 million, or …
