Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 12 2007 // >Study says industry could suffer from a $100 million loss The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual...
Commercial clients ‘swallow a bitter pill’ when it comes to cat coverage
Feb 11 2007 // When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the...
Lessons learned from 2005’s Katrina and 2006’s calm hurricane season
Feb 11 2007 // It’s been more than a year since Katrina made landfill and businesses are still recovering. Then the 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that...
Industry forecast predicts slower premium growth in 2007 and 2008
Feb 11 2007 // News Currents Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals...
Mitigating the everyday catastrophe
Feb 11 2007 // The exposures faced by businesses in catastrophe-prone areas have been well-documented post-Katrina and facility owners and managers have responded by focusing mitigation efforts on these high priority risks. But what they...
P/C industry may be long overdue for massive losses from an extreme “great” earthquake
Feb 11 2007 // The U.S. property/casualty insurance industry is long overdue for heavy losses from a massive earthquake, reports A.M. Best in its recent “2006 Annual Earthquake Study.” It is likely that if an earthquake of...
Endurance Posts Record $198.8 Million Q4 Net ; $498 Million Full Year
Feb 9 2007 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $198.8 million and $2.70 per diluted common share for the fourth quarter of 2006 versus a net loss of ($49.8) million and ($0.80) per diluted common...
XL Q4 Net $471.1 Million; $1.72 Billion Full Year
Feb 8 2007 // Bermuda’s XL Capital reported net income available to ordinary shareholders for the quarter ended December 31, 2006 of $471.1 million, or $2.62 per ordinary share, compared with a net loss of $821.9 million, or $5.51...
Willis Reports Strong Q4, FY Results
Feb 8 2007 // Global insurance broker Willis Group Holdings Limited posted strong results for the quarter and year ended December 31, 2006, reporting that commisions and fees increased by seven percent in 2006 up from zero percent in...
Aspen to Release Q4, Full Year Results Today; Conference Call Details
Feb 8 2007 // Bermuda-based Aspen Insurance Holdings Limited will release its fourth quarter and year-end 2006 financial results today, Thursday, February 8, 2007, following the closing of the U.S. markets. The Company will hold a...
RenaissanceRe Reports Record 2006 Net Income of $761.6 Million
Feb 7 2007 // Bermuda’s RenaissanceRe Holdings Ltd. bounced back strongly from last year’s catastrophes to post net income for 2006 of $761.635 million, compared to a $281.3 million loss in 2005. Operating income for the...
AXIS 2006 Net Income $925. 8 Million
Feb 7 2007 // Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $925.8 million, or $5.63 per diluted common share for the year ended December 31, 2006, compared with net income of $90.1...
Willis Posts Earnings on Wednesday; Conference Details
Feb 6 2007 // Global insurance broker Willis Group Holdings will release earnings for the fourth quarter and full year ending December 31, 2006, after the market closes on Wednesday, February 7, 2007. Copies of the release will be...
Industry Forecast Predicts Slower Premium Growth, But Underwriting Profit in 2007 and 2008
Feb 5 2007 // Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute’s annual survey of Wall Street stock analysts and industry professionals released each year...
Fitch Upgrades ACE Financial Strength, Debt Ratings
Feb 5 2007 // Fitch Ratings upgraded the senior debt ratings of ACE Limited and its subsidiary ACE INA Holdings Inc. to “A” from “A-” and the issuer default ratings (IDR) of ACE and ACE INA to “A+”...
XL’s Kyrill Losses – $60 to $75 Million
Feb 5 2007 // Bermuda’s XL Capital Ltd. announced that, based on current analysis, its pre-tax net loss relating to European Windstorm Kyrill is estimated to be in the range of $60 to $75 million. XL noted that the majority of its...
AXA Posts Earnings Gains in all Sectors
Feb 5 2007 // France’s AXA Group joined the growing parade of big insurance companies who had a banner year in 2006. The financial services and insurance giant posted gains in all of its principal activities. Life & Savings...
Transatlantic 2006 Net Income up 1130% over 2005
Feb 5 2007 // Transatlantic Holdings, Inc. reported that its net income for the year ended December 31, 2006 was $428.2 million, or $6.46 per common share (diluted), compared to $37.9 million, or $0.57 per common share (diluted), in...
AXIS Kyrill Losses at $40-$55 Million
Feb 2 2007 // Bermuda’s AXIS Capital announced that its expects net losses related to Windstorm Kyrill to be between $40 and $55 million, principally from its reinsurance segment. AXIS noted that Kyrill “produced damaging...
PartnerRe to Release Q4, Full Year Results Monday; Conference Details
Feb 2 2007 // Bermuda’s PartnerRe Ltd. will release its 2006 fourth quarter and full year results after the market close on Monday, February 5, 2007. PartnerRe senior management will conduct a dial-in conference call, which will...
