Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
ThinkRisk, Aspen Launch New Private, Non-Profit Management Liability Program
Oct 31 2013 // ThinkRisk Underwriting Agency, a division of RSG Underwriting Managers, LLC, and Aspen US Insurance have launched a new national management liability package program. The product is available on an admitted basis in most...
XL Group Posts $135.6 Million Q3 Net Income
Oct 31 2013 // The XL Group announced net income and operating net income of $135.6 million and $154.6 million, respectively, compared to net income and operating net income of $171.9 million and $188.0 million, respectively, in Q3...
Liberty Mutual Q3 Up 3.4% to $481M; Core Underwriting Results Improved
Oct 30 2013 // Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting...
Risk Managers: Loss of TRIA Would Limit, Possibly End, Terrorism Coverage
Oct 30 2013 // A majority of risk professionals believe expiration of the federal terrorism reinsurance program would result in a decrease of affordable terrorism coverage or, even, the total elimination of the coverage, according to a...
Munich Re Stresses Need for Nat Cat Coverage in Emerging Markets
Oct 30 2013 // According to a scientific study conducted by the University of Würzburg on the basis of loss data from Munich Re’s NatCatSERVICE database, “emerging countries are excessively affected by losses from natural...
Hartford Profit Up As Focus Shifts to P/C Insurance
Oct 29 2013 // Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. Third-quarter net income...
PartnerRe Posts $333.4 Million Q3 Net Income; $392.2 Million 1st 9 Months
Oct 29 2013 // Bermuda-based PartnerRe Ltd. reported a net income of $333.4 million, or $5.84 per share for the third quarter of 2013, which “includes net after-tax realized and unrealized losses on investments of $1.3 million, or...
Montpelier Re Reports $53 Million Q3 Net Income; $117.8 Million for 9 Months
Oct 29 2013 // Bermuda-based Montpelier Re Holdings Ltd. reported its financial results for the quarter ended September 30, 2013. The bulletin said: “Fully converted book value per common share was $28.06, an increase of 4.2...
Arch Capital Posts $109.3 Million Q3 Net Income; $531.78 Million 1st 9 Months
Oct 29 2013 // Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2013 third quarter of $109.3 million, or $0.80 per share, compared to $184.2 million, or $1.33 per share, for Q3, 2012. The...
Schumer: Sandy Victims Need More Time to Challenge NFIP Payout Amounts in Court
Oct 25 2013 // Two U.S. senators representing New York State, Sen. Charles Schumer and Sen. Kirsten Gillibrand, this week called on Federal Emergency Management Agency (FEMA) to extend the statute of limitations for Sandy victims seeking...
Finnegan to Remain at Chubb Despite Retirement Policy; Executive Switches, Q3 Results Reported
Oct 25 2013 // The Chubb Corp.’s board of directors announced Thursday that John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb...
ACE Posts Record Q3 Operating Income of $857 Million; $916 Million Net
Oct 24 2013 // ACE Limited reported net income for the quarter ended September 30, 2013, of $916 million, $2.66 per share, compared with $640 million, $1.86 per share, for the same quarter last year. Operating income was $857 million,...
Allied World Reports $122.8 Million Q3 Net Income; $101.8 Million Operating
Oct 24 2013 // Allied World Assurance Company Holdings, AG reported net income of $122.8 million, or $3.54 per diluted share, for the third quarter of 2013 compared to net income of $219.6 million, or $6.00 per diluted share, for the...
Travelers Posts $864M Q3 Profit, Consistent With Prior Year Quarter
Oct 22 2013 // The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. Travelers showed a larger underwriting gain compared to last year, but the results were...
W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%
Oct 22 2013 // W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in...
Europe 9 Month Nat Cat Losses $23 Billion+; Trending Upwards: Munich Re
Oct 21 2013 // A report from Munich Re estimates that losses due to natural catastrophes totaled €17 billion [$23.24 billion] in Europe in the first nine months of 2013, “dominated by flood losses, which accounted for a share of...
Insurer Plans IPO Despite Not Making Profit Yet
Oct 21 2013 // NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public offering without posting...
How to Value Small Books of Business & Terms
Oct 21 2013 // Oak & Associates receives many calls about valuing small books of business, and is asked if it is worth doing a valuation when the buyer knows what they want and the buyer does not want to spend a lot of...
Members of Aon Benfield’s Analytics Team Explain Cat Models
Oct 18 2013 // “Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions,” said John Moore, the head of International Analytics operations. He’s responsible for...
New Hampshire Approves NCCI’s Filing for WC Advisory Loss Cost Decrease
Oct 18 2013 // New Hampshire’s insurance department this week approved the National Council on Compensation Insurance’s advisory loss cost and rating values filing, to be effective Jan. 1, 2014. NCCI filed its request in...
