Log In

Endurance Specialty Holdings became the latest Bermuda reinsurer to report that catastrophes in 2010 had lowered its earnings when it said its fourth quarter profit dropped 28 percent and its annual net income fell by 31 percent. Endurance said fourt...

Bermuda-based Everest Re bucked the trend of many reinsurers when it said net income jumped 53 percent in the fourth quarter of 2010. Everest posted a profit of $302.5 million, or $5.51 a share, up from $197.2 million, or $3.28 a share, a year earlie...

NEW YORK (Reuters) Bailed-out insurer American International Group Inc said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos exposure and workers’ compensation. I...

Bermuda-based RenaissanceRe Holdings Ltd last night reported that its fourth-quarter net earnings fell 42 percent after more than $50 million of additional losses from the New Zealand earthquake that struck in September. The company reported net inco...

Bermuda-based re/insurer Alterra Capital Holdings Ltd last night reported net income of $79.7 million for the fourth quarter and beat analysts’ expectations on both earnings and revenue. Alterra, which was formed in May last year through the merger o...

XL Group plc reported yesterday that annual net earnings almost tripled in 2010. The Ireland-based company, which has substantial operations in Bermuda, made net income of $585.5 million last year, compared to $206.6 million in 2009. For the fourth q...

Bermuda-based re/insurer Axis Capital Ltd saw profits rise by 78 percent last year. The company said in a statement after the close of the stock markets yesterday that its net earnings totalled $820 million, compared to $461 million in 2009. Axis sai...

Bermuda reinsurer Platinum Underwriters Holdings Ltd reported a net fourth-quarter loss of $17.7 million as it was hit by $78 million in catastrophe losses. The company estimated losses of $68.2 million relating to the New Zealand earthquake and $9.9...

PartnerRe’s profits plunged 83 percent compared to last year in the fourth quarter to $57 million, as catastrophe losses took a heavy toll. In its earnings statement last night the company said an upward revision to losses from the September earthqua...

Bermuda-based reinsurer Aspen Insurance Holdings Limited last night reported a 26.6 percent fall in fourth-quarter earnings to $92.7 million. However, the company comfortably beat analysts' expectations, posting $1.02 per share in operating earnings,...