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Earnings

Reinsurance

"Platinum posts $67.5m profit "

A period of low catastrophe activity helped Bermuda reinsurer Platinum Underwriters Holdings Ltd to post net income of $67.5 million for the second quarter. The profit broke down to diluted earnings per common share of $1.97 for the second quarter. ...
Jul 19, 2012
Reinsurance

"Maiden earnings rise to $20.4m"

Bermuda-based Maiden Holdings, Ltd released its first quarter earnings last night reporting a net income of $20.4 million compared with $19.3 million in the first quarter of 2011. Net operating earnings for the first quarter of 2012 came in at $19.4...
May 03, 2012
Reinsurance

"Charman sees ongoing ‘cycle change’ as Axis posts $122m profit"

Axis Capital Holdings Ltd last night reported a $122 million profit for the first quarter of this year as CEO John Charman noted a “cycle change” was under way, bringing firmer pricing for many lines of business. The net income, which broke down to 9...
Apr 27, 2012
Reinsurance

"Aspen swings to profit as CEO sees firming market"

Bermuda re/insurer Aspen Insurance Holdings Ltd swung to a profit of nearly $79 million, despite taking a hit from claims related to the Italian cruise ship disaster. Aspen also wrote more business and its operating earnings of 88 cents per share han...
Apr 26, 2012
Reinsurance

"Montpelier Re crushes analysts’ estimates"

Montpelier Re Holdings Ltd reported an operating income of $1.23 per share for the first quarter 2012, crushing analysts expectations of 65 cents. The company, which provides short-tail reinsurance and other specialty lines, beat the average estimate...
Apr 26, 2012
Reinsurance

"Everest posts $305m profit and sees rate increases"

Everest Re Group yesterday announced a first-quarter profit of $304.7 million as the reinsurer saw strong rate increases. The company’s net income of $5.68 per diluted common share for the period ended March 31 compared to a net loss of $315.9 millio...
Apr 26, 2012
Reinsurance

"Arch profits increase eightfold on lower catastrophe losses"

Arch Capital Group Ltd’s first-quarter profit was eight times larger than the net income it made in the same period of 2011. The Bermuda-based re/insurer last night posted net income of $157.8 million, or $1.14 per share compared to $19 million, or ...
Apr 26, 2012
Reinsurance

"Platinum swings to $53m profit"

Bermuda reinsurer Platinum Underwriters Holdings Ltd last night reported net income of $53.3 million for the first quarter despite being hit by almost $25 million in catastrophe losses. It was a huge swing in the right direction for Platinum from a ...
Apr 19, 2012
Reinsurance

"Canopius suffers its first loss"

Lloyd’s insurer Canopius Group Ltd has announced its first ever loss £64 million (about $100.6 million) before tax for 2011. The loss comes after the company posted a profit of £40 million (about $62.9 million) for 2010. Canopius, a UK-based insuran...
Mar 16, 2012
Reinsurance

"Maiden records $28.5m profit"

Maiden Holdings Ltd reported a net income of $28.5 million compared to $69.9 million in 2010. They also reported fourth quarter 2011 net income of $17.5 million, compared with $19.1 million in the fourth quarter of 2010. “In one of the worst years f...
Feb 23, 2012
Reinsurance

"Allied World profits boosted by merger termination fee"

Allied World Assurance Company Holdings last night reported an annual profit of $274.5 million, boosted by a merger termination fee from its failed attempt to combine with US reinsurer Transatlantic Holdings. The Switzerland-based re/insurer, which r...
Feb 16, 2012
Reinsurance

"Willis shares plunge 10% after profit halves"

Shares of insurance broker Willis Group Holdings Plc plunged 10.7 percent in New York trading yesterday, after fourth quarter profits fell by more than half from last year. Revenue declined and the third-largest broker, behind Aon and Marsh, missed a...
Feb 16, 2012
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