Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
PXRE Estimates Katrina Impact at $235 to $300 Million; Sees 2005 Loss
Sep 20 2005 // The Bermuda-based PXRE Group Ltd. has updated its estimates of potential losses from Hurricane Katrina to between $235 to $300 million, “after tax, reinsurance recoveries on its outwards reinsurance program and the...
AIG: Q3 CAT Losses Expected to be About $1.1B After-Tax
Sep 20 2005 // American International Group Inc. has issued an initial estimate of its total expected losses relating to third quarter catastrophe events, principally Hurricane Katrina, totaling approximately $1.1 billion after-tax. AIG...
Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers
Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
AFG Notes Preliminary Katrina Losses
Sep 19 2005 // American Financial Group Inc. has issued a preliminary estimate of its expected loss from Hurricane Katrina. Based on information available at this time, AFG estimates that its after-tax loss, net of reinsurance, will be...
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Report Warns of Dire Consequences Unless Industry, Government Act Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
Surveying the Damage: After Katrina, Can the Industry Withstand Another Disaster?
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
International Newsbriefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Arch Capital Estimates Q3 Katrina Impact at $110 to $160M
Sep 19 2005 // Bermuda-based Arch Capital Group Ltd. announced that it expects third quarter operating earnings to be negatively impacted by the effects of Hurricane Katrina in the range of $110 to $160 million, after tax. “These...
Imagine Katrina Losses App. $17 Million
Sep 19 2005 // Imagine Group Holdings Limited announced from its Bermuda headquarters that it anticipates losses, net of reinstatement premiums and retrocessional recoveries, from Hurricane Katrina to be approximately $17 million. The...
VESTA PREDICTS ITS KATRINA LOSSES
Sep 19 2005 // Preliminary gross income losses of from $500,000 to $1.2 million have been predicted by the Vesta Insurance Group of Birmingham, Ala. for damages caused by Hurricane Katrina. Vesta’s Florida Select unit has about...
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other weather-related events, according to a report by a Boston-based investor and...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
Writing Wineries Requires More Than Just a Tasting
Sep 19 2005 // To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33...
Weathering the storm
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
News Briefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Editor’s Note: A Loss Greater than We Can Imagine
Sep 19 2005 // There has been great sadness in my heart over the past two weeks as we’ve all witnessed the devastation of Hurricane Katrina and her aftermath. All along the Gulf Coast, Katrina took out homes, buildings, lives...
Platinum Underwriters Estimates Katrina Losses; Lowers Profit Forecast
Sep 16 2005 // Bermuda-based Platinum Underwriters Holdings, Ltd. announced that its estimated losses, net of reinstatement premiums, tax benefits and retrocessional recoveries, from Hurricane Katrina will be approximately 0.5 to 0.6...
Max Re Puts Katrina Losses Between $60 and $90M
Sep 16 2005 // In a brief announcement Bermuda-based Max Re Capital Ltd. said that preliminary estimates indicate that the company’s 2005 third quarter earnings will be negatively impacted by $60 to $90 million as a result of...
