Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that it plans to release first quarter 2010 financial results on April 21, 2010, during market hours. For more information, visit www.thezenith.com
The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C insurers’ net income after taxes rose to $28.3 billion in 2009 …
Los Angeles-based Mercury General Corp. will release the results for its first quarter ended March 31, 2010 on May 3. The company will host an investor conference call and Web cast that same day at 10 a.m. PST to review …
Insurance broker Marsh has launched a service that enables clients worldwide to monitor the financial condition of their insurance companies at any time. Called Marsh Market Information (MMI), the service addresses what Marsh says is a top concern of clients …
The U.S. saw a significant decline in the reported value of insurance industry mergers and acquisitions (M&A) transactions in 2009, and overall global transaction values also declined further from very low 2008 levels, according to a new study by Conning …
Ireland in general and Dublin in particular are in a financial crisis but the insurance and reinsurance sectors appear to be weathering the storm. In a recent interview, Sarah Goddard, CEO of the Dublin International Insurance Management Association (DIMA), said …
A bulletin from Marsh’s London office notes that in the wake of the global financial crisis, “businesses in all parts of the world are strengthening their risk governance, including management of their counterparty risk.” In the process of gauging the …
Arkansas regulators have suspended the Certificate of Authority of Lincoln General Insurance Company, domiciled in Pennsylvania, due to the company’s “financially hazardous condition.” In a March 24 order, Arkansas Insurance Commissioner Jay Bradford said Lincoln General’s capital and surplus had …
The European Insurance Forum, held in Dublin Monday and Tuesday, was dominated by the fiscal crisis that has hit Ireland particularly hard. Although the country’s insurance industry remains a bright spot in an otherwise fairly bleak landscape, even it is …
A.M. Best Co. has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit ratings to “bbb-” from “bbb” of Interstate Bankers Casualty Company of Chicago, Ill. The rating outlook has been revised to negative from …
