The Bermuda-based Argo Group International Holdings, Ltd. (the successor company of the Argonaut Group) announced a record result for 2009 with net income rising by 87 percent to $117.5 million, or $3.81 per diluted share from $62.9 million or $2.05 …
Bermuda-based Validus Holdings, Ltd. reported net income of $165.8 million, or $1.23 per diluted common share for the three months ended December 31, 2009, compared with net income of $37.0 million, or $0.47 per diluted common share, for the three …
Columbus, Ohio-based State Auto Financial Corporation’s fourth quarter 2009 net income rose to $14.4 million compared with a net loss of $0.6 million for the fourth quarter 2008, the company reported. For the year 2009, STFC had net income of …
Two leading European insurers on Thursday unveiled big dividend increases, confirming a sector-wide trend as the industry takes comfort from a steady recovery in its capital strength since the crisis. AXA, Europe’s biggest insurer, raised its 2009 dividend by 38 …
Germany’s Munich Re and Allianz halted all remaining insurance business in Iran as their national representative body said it backed international moves toward tougher sanctions against Tehran. Against a backdrop of rising political tensions, the world’s biggest reinsurer, Munich Re, …
Following Zenith National Insurance Corp.’s sell the company to Fairfax Financial Holdings Ltd., Toronto-based Fairfax will be the seventh-largest workers’ compensation insurer in the state, on a pro forma basis, based on analysis of SNL’s 2008 statutory market share data. …
Swiss Re returned to profit in 2009. The world’s number two reinsurer reported net income of CHF506 million [$468.9 million], compared to a loss of CHF 864 million [$800.6 million] in 2008. The earnings statement noted: “Net income was impacted …
Democrats appear to be removing medical malpractice insurers from a bill to eliminate the antitrust exemption for health insurers in the McCarran-Ferguson Act. According to Politico.com, Democratic aides in the House said the final antitrust bill likely will not include …
Bermuda-based Flagstone Re posted net income attributable to common shareholders for the quarter ended December 31, 2009, of $71.5 million, or $0.86 per diluted share, compared to a net loss of $75.6 million, or a loss of $0.89 per diluted …
Takeover target AXA Asia-Pacific’s promise of strong growth in 2010 prompted analysts to suggest suitors may consider raising their bids for the firm but top officials declined comment on the $12 billion tussle. Insurer AXA Asia-Pacific, which is being circled …
