Log In

Montpelier Re Holdings Ltd posted a net loss of $66 million for the third quarter, driven by catastrophe losses. The Bermuda reinsurer attributed $60 million to losses relating to catastrophic events in the July through September period. These includ...

Bermuda re/insurer Arch Capital Group Ltd profits rose nearly 15 percent in the third quarter over last year despite recording almost $60 million in catastrophe losses. Arch reported net income of $162.5 million, or $1.19 per share, compared to $141...

Bermuda-based reinsurer Platinum Underwriters Holdings yesterday said it expects to book $112.4 million in catastrophe losses in its third-quarter results. Some of these losses relate to increases in its loss estimates for catastrophes that occurred ...

Ascendant Group Ltd’s profits for the first half of the year were almost cut in half as residential electricity sales by its subsidiary Belco fell more than six percent. The company attributed the fall in sales to a decline in the number of work perm...

Amlin Plc, the biggest Lloyd’s of London insurer by market value, expects to recoup its record catastrophe losses in the second half as premiums increase, chief executive officer Charles Philipps said. While the company’s Amlin Bermuda unit wrote mor...

LOM suffered a loss of $1,220 during the first half of 2011 as its broking fees dropped by 6.5 percent to $1.76 million. That compares to a loss of a loss of $357,286 in the first six months of 2010. The company’s assets under administration also dro...