Florida-based insurance agency Brown & Brown Inc. reported that it earned net income for the 2010 second quarter $41,185,000, an increase of 1.3% from the $40,668,000, for the 2009 second quarter. Total revenue for the quarter ended June 30, 2010 …
Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s second quarter 2010 financial results during a conference call and webcast Thursday, Aug.5, 2010, at 10:30 a.m. PDT. …
Moody’s downgraded Ireland’s sovereign bond rating by one notch to Aa2 on Monday, citing weaker growth prospects and the high costs of rebuilding the country’s crisis-hit banking system. The rating agency, which cut Ireland from Aa1, said the outlook was …
WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said he would not point fingers …
Zurich Financial Services Group reported a $330 million increase in the loan loss provisions in its commercial property loan books in the UK and Ireland to be taken in the second quarter 2010. Zurich noted that during 2009 it had …
In a brief statement Lloyd’s of London officially welcomed the successful passage of the Dodd-Frank Act through the US Senate. Sean McGovern, Lloyd’s Director and General Counsel, stated: “We welcome the passage of the Dodd-Frank Act and look forward to …
Nobody wishes for a natural disaster, but there’s nothing like a big U.S. hurricane to revitalize shares in property and casualty insurers, currently weighed down by persistently weak insurance prices. Nine analysts polled by Reuters on average said the U.S. …
The Bermuda-based Argo Group International Holdings announced that it expects to report in its 2010 second quarter financial results “approximately $20 million to $25 million of estimated pre-tax loss provisions, net of reinsurance and reinstatement premium, related to spring storms …
Columbus, Ohio-based State Auto Financial Corp. announced preliminary estimates of losses due to second quarter 2010 catastrophe storm activity. The company expects second quarter 2010 results will include between $55 and $60 million in pre-tax catastrophe losses. STFC has averaged …
Worcester, Mass.-based The Hanover estimated its pre-tax losses resulting from catastrophe events in the second quarter of 2010 to be approximately $85 million. The majority of the losses were associated with six significant events, including two severe hail and wind …
