Arthur J. Gallagher & Co. reported that total brokerage and risk management revenue for the 2010 first quarter was $414.9 million compared to $401.7, for the 2009 first quarter. Brokerage revenue came in at $303.5 million for the first quarter …
In a response to reports that the International Monetary Fund (IMF) is planning a new levy on all financial institutions, not just banks, Kerrie Kelly, the Director General of the Association of British Insurers issued a stament opposing the initiative. …
Cedar Rapids, Iowa-based insurance company United Fire & Casualty Co. reported a dip in premiums earned in the first quarter of 2010 compared with that in the same period in 2009, but total revenues and net income rose. In the …
The U.S. property/casualty industry reported a strong fourth quarter topping off a solid year, according to rating analysts. Net income climbed to $31.1 billion in 2009, driven by improved underwriting results, the continued recovery of the financial markets and disciplined …
Reno, Nev.-based Employers Holdings Inc., whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the company’s first quarter 2010 financial results during a conference call and Web cast Thursday, May 6, 2010, at 10:30 …
The Travelers Cos. Inc. reported net income for the first quarter 2010 dropped just $15 million, to $647 million in Q1 2010, compared to $662 million in Q1 2009. Operating income in the current quarter declined as well to $631 …
Zenith National Insurance Corp. based in Woodland Hils, Calif., has reported a net loss for the first quarter 2010 of $0.8 million, or $0.02 per share, compared to net income for the first quarter 2009 of $2.6 million, or $0.07 …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Indianapolis, Ind.-based Baldwin & Lyons Group, which includes Protective Insurance Co. and its wholly owned subsidiary, Sagamore Insurance Co. …
Peoria, Ill.-based property and casualty insurance company, RLI Corp., reported first quarter 2010 operating earnings of $20 million compared to $22.5 million for the first quarter of 2009. The company had an underwriting income of $12.7 million and a combined …
A.M. Best has affirmed the financial strength rating of “A” (Excellent) of super regional property/casualty insurance carrier, The Main Street America Group, and its five wholly owned subsidiaries: NGM Insurance Co., MSA Insurance Co., Main Street America Assurance Co., Old …
