Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
AIR Estimates Dean Mexico Losses ‘Unlikely To Exceed $400 Million’
Aug 23 2007 // AIR Worldwide’s provisional assessment of the losses in Mexico from Category 5 Hurricane Dean indicated that they are “unlikely to exceed $400 million.” AIR said its estimate “covers insured losses...
RMS Estimates Dean Losses around $1.5 Billion
Aug 22 2007 // Newark, Calif.-based Risk Management Solutions announced that it estimates losses from Hurricane Dean are likely to range between $750 million and $1.5 billion. RMS’ preliminary indications show around $300 million...
Hiscox Profits up 72% to $209 Million
Aug 21 2007 // The Hiscox Group’s move to a Bermuda domicile seems to have paid off. The firm announced first half 2007 net pretax profits of £105.6 million ($209 million) and a 17.3 percent increase in gross premiums written to...
AIR: Dean Jamaica Losses Won’t Exceed $1.5 Billion
Aug 21 2007 // AIR Worldwide has issued preliminary estimates indicating that insured losses in Jamaica from Hurricane Dean will not exceed $1.5 billion. The figure “covers insured losses to property, contents, business...
EQECAT Estimates Dean Losses Between $1.5-$ 3 Billion
Aug 20 2007 // Oakland Calif.-based EQECAT, Inc. issued a preliminary assessment of the insured losses from Hurricane Dean of between $1.5 and $3 billion. The estimate covers damages incurred by the hurricane’s passage through the...
AIR Estimates Peru Quake Losses under $1 Billion
Aug 20 2007 // Boston’s AIR Worldwide estimates that insured losses from the magnitude 8.0 earthquake that struck Peru’s Ica region, south of the capital Lima, on August 15 are unlikely to exceed $1 billion. “It is...
QBE H1 Net up 56% to $740 Million
Aug 20 2007 // Australia’s QBE Insurance Group reported a hefty 56 percent increase in after tax net profit for the half year to June 30, 2007 to a record A$921 million (US$740 million), compared to A$591 million (US$475 million)...
Employers Holdings Records Q2 Net Income of $30.8 Million
Aug 15 2007 // Reno, Nev.-based Employers Holdings Inc. has reported consolidated net income of $30.8 million for the second quarter of 2007, an increase of 43.9 percent from $21.4 million in the second quarter of 2006. Net income...
Swiss Re Names Matt Leming Sales Leader for Stop Loss Products
Aug 13 2007 // Swiss Re¹s Commercial Insurance recently announced that Matt Leming was named the firm’s sales leader for Stop Loss products. Leming will be located in Swiss Re¹s Kansas City office. > Leming has more than 20 years...
Validus Posts Q2 Net of $70.8 Million
Aug 13 2007 // Bermuda’s Validus Holdings Limited reported net income for the quarter ended June 30, 2007 of $70.8 million, or $1.17 per diluted common share, compared with $29.7 million, or $0.51 per diluted common share, for the...
AXA 1H Net up 16% to $4.37 Billion
Aug 13 2007 // France’s AXA Group reported significant earnings increases in all of its business sectors for the first half of 2007, led by a net income gain of 16 percent to €3.2 billion ($4.372 billion). The growth figures,...
Flagstone Re Q2 Net Drops 53% on Flood, Wind Losses
Aug 10 2007 // Bermuda-based Flagstone Reinsurance Holdings Limited had a rough second quarter of 2007 with net earnings down by 53 percent to $14.694 million, compared to $26.905 million in the second quarter of 2006. The...
ABI Estimates UK Flood Losses at $6.1 Billion; Supports Climate Change Bill
Aug 9 2007 // The Association of British Insurers has released new figures on the cost of the June and July floods, and the number of claims received. The ABI broke down the figures as follows: — Total cost: approaching £3...
Fla.-Based AmCOMP Reports Second Quarter 2007 Financial Results
Aug 9 2007 // From North Palm Beach, Fla., AmCOMP Inc., announced results for the second quarter and six months ended June 30. Fred R. Lowe, AmCOMP’s chairman, president and chief executive officer said the company increased net...
Allied World Reports $123 Million Q2 Net; Conference Call Today
Aug 8 2007 // Bermuda-based Allied World Assurance Company Holdings, Ltd. reported net income of $123.3 million, or $1.96 per diluted share, for the second quarter of 2007, compared to net income of $102.4 million, or $2.02 per diluted...
Best, S&P Lower Conseco’s Ratings as Run-off Losses Continue
Aug 8 2007 // A.M. Best Co. and Standard & Poor’s Ratings Services have both lowered their respective ratings on Conseco Inc., following the Company’s announcement of further losses in its Conseco Senior Health...
R&SA Posts $482 Million H1 Profit Despite UK Flood Claims
Aug 8 2007 // The UK’s Royal & SunAlliance enjoyed a prosperous first half of 2007, despite the costly flood losses that hit the UK in June and July. After tax profits for the period were £237 million ($482 million) only...
For 2Q, AIG Profit Jumps 34%
Aug 8 2007 // American International Group, Inc. reports that its net income for the second quarter of 2007 was $4.28 billion or $1.64 per diluted share, compared to $3.19 billion or $1.21 per diluted share in the second quarter of...
Flagstone Re Earnings Call Thursday
Aug 7 2007 // Bermuda’s Flagstone Reinsurance Holdings Limited will hold an investment community conference call on Thursday, August 9, 2007, at 9:30 a.m. EDT to discuss the company’s second-quarter 2007 financial results...
Marsh Revenue Up 2% in 2d Quarter
Aug 7 2007 // Marsh & McLennan Companies, Inc. (MMC) reported that for this year’s second quarter consolidated revenue was $2.8 billion, up 7 percent from the second quarter of 2006, or 4 percent on an underlying basis. Its...
