Bermuda-based Montpelier Re Holdings reported net income of $9.9 million ($0.13 per share) for the first quarter of 2010, and an operating loss of $23 million (-$0.31 per share). The reinsurer posted a $94 million loss, net of reinstatement premiums, …
Bermuda-based RenaissanceRe Holdings reported net income available to common shareholders of $165.0 million or $2.73 per diluted common share in the first quarter of 2010, compared to $97.3 million or $1.57 per diluted common share for the first quarter of …
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $112 million, or $0.79 per diluted common share for the first quarter of 2010, compared with net income of $116 million, or $0.78 per diluted common share, …
The Bermuda-based Arch Capital Group Ltd. reported that net income available to common shareholders for the 2010 first quarter was $210.5 million, or $3.79 per share, compared to $139.9 million, or $2.24 per share, for the 2009 first quarter. The …
Aon Benfield announced that it is utilizing its “groundbreaking FAConnect placement platform to respond to client demand for expanded Chile earthquake capacity.” The system opens the way for Aon’s clients to access up to $ 50 million in coverage for …
Zurich Financial Services announced that, based on preliminary estimates, it expects aggregate claims payments related to the earthquake in Chile of approximately $200 million before tax. Zurich added that the estimate is “net of reinsurance recoverable and includes reinsurance reinstatement …
Despite a sizable increase in catastrophe claims, New Jersey-based insurer Chubb saw first quarter profits climb 36 percent to $463 million, up from $341 million in the year-ago quarter. The impact of catastrophe claims for the quarter, which includes the …
Compare the estimated $30 billion in after tax profits that the U.S. property and casualty marketplace will likely book for 2009 to the year end results of the hospitality industry, whose lodging (occupancy near 56 percent), restaurants and entertainment segments …
Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary estimate and asked that the quake that left two people …
The mayor and other San Francisco officials are urging residents to approve a $412 million bond measure on the June ballot to help prepare for the next major earthquake. The measure would allocate $104 million to reinforce what officials say …
