Search Results

The short-tail reinsurer and specialty insurer says it booked a net loss of $77 million in realized and unrealized losses from investments and foreign exchange in the second quarter.

Montpelier Re Holdings Ltd. says its Chief Operating Officer and Deputy Chairman Tom Busher will retire at the end of this year.

Montpelier Re Holdings Ltd. says its Chief Operating Officer and Deputy Chairman Tom Busher will retire at the end of this year.

Ace says it expects $380 million in fourth-quarter catastrophe losses from Superstorm Sandy, while the storm took a $95 million toll on results for Montpelier Re Holdings.

Two Bermuda (re)insurers report positive movement in profitability for the 2012 third quarter, with Axis Capitals net income inching up and Montpelier Re reversing a 2011 third-quarter net loss.

Two Bermuda (re)insurers report positive movement in profitability for the 2012 third quarter, with Axis Capitals net income inching up and Montpelier Re reversing a 2011 third-quarter net loss.

Two Bermuda-based insurers say catastrophes hurt their third-quarter earnings, with Everest Re reporting a 64 percent drop in net income and Montpelier Re posting a net loss.

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.