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By Mark E. Ruquet, PropertyCasualty360.com |
March 5, 2012
Hamilton, Bermuda-based insurer Arch Capital Group Ltd. says it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich, Switzerland.
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By Chad Hemenway, PropertyCasualty360.com |
February 16, 2012
Catastrophe losses from Q4 2011 and prior quarters significantly weighed on earnings for three Bermuda specialty insurance and reinsurance companies.
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By Staff Writer |
February 14, 2012
Hamilton, Bermuda-based reinsurer Aspen Insurance Holdings Ltd. says it has initiated a search for a new chief financial officer to replace Richard Houghton, who will be leaving the company effective Feb. 29 to pursue other opportunities.
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By Caroline McDonald, PropertyCasualty360.com |
November 4, 2011
Argo Group, Allied World and Flagstone Re each reported third quarter 2011 losses, citing catastrophe losses and/or mark-to-market investment losses as the primary reason.
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By Mark E. Ruquet, PropertyCasualty360.com |
October 26, 2011
Argo Group says its total third-quarter catastrophe losses could amount to $40 million while Penn Millers says its losses could exceed $3 million.
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By Mark E. Ruquet, PropertyCasualty360.com |
October 14, 2011
Montpelier Re Holdings Ltd. estimates its third-quarter catastrophe losses will stand at around $60 million before taxes, and along with other carriers, reported cat insurance losses are well over $500 million for the past two weeks.
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By Phil Gusman, PropertyCasualty360.com |
July 7, 2011
The Hanover Insurance Group Inc. says it expects losses from second-quarter catastrophes to be between $145 million and $160 million before tax.
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By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com |
June 23, 2011
As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.
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By Phil Gusman, PropertyCasualty360.com |
June 21, 2011
The Chubb Corporation says it expects losses of between $250 million and $310 million, pretax, for April and May U.S. storms.
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By Staff Writer |
April 1, 2011
Hamilton, Bermuda-based insurer Ariel Reinsurance Co. says it expects first-quarter catastrophe events will cost the company between $35 million and $50 million, but it expects to report positive net income for the period.
