Latest Profit Loss Headlines
All the headlines from our Profit Loss Topic Page, ordered by recency.
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...
Best Takes Various Rating Actions in Wake of Katrina
Sep 15 2005 // Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies...
AXA RE Estimates Impact of Hurricane Katrina Losses at $200 Million
Sep 15 2005 // AXA RE, the active reinsurer of France’s AXA Group, said the impact from Hurricane Katrina will probably result in total net losses of approximately $200 million before tax. “This estimate is net of reinsurance...
Transatlantic Estimates Katrina Losses at $270 Million
Sep 15 2005 // Transatlantic Holdings Inc. (TRH) announced that its preliminary estimate of the pre-tax cost, net of reinsurance, of Hurricane Katrina will be around $270 million, or $176 million on an after-tax basis for the full year...
Everest Re Group Puts Katrina Loss Estimates at 1% of Industry Total
Sep 14 2005 // Everest Re Group Ltd. announced from its Bermuda headquarters that its losses from Hurricane Katrina could amount to approximately one percent of the total insurance industry losses. This would put the estimates in the...
XL’s Katrina Net Losses 1.75% of Industry Totals (Around $700 Million)
Sep 14 2005 // Bermuda-based XL Capital Ltd. announced that, based on initial analyses performed by the Company and preliminary estimates received to date, its “net losses (excluding net reinstatement premiums) relating to...
Endurance Estimates Net Katrina Losses Between $375-$450 Million
Sep 14 2005 // Bermuda-based Endurance Specialty Holdings Ltd. said its initial estimates of losses, net of reinsurance, reinstatement premiums, and tax benefits, related to Hurricane Katrina are between $375 and $450 million. The...
Republic Reports on Losses from Hurricane Katrina
Sep 14 2005 // Republic Companies Group Inc., headquartered in Dallas, released information regarding its response to Hurricane Katrina and the financial effects of this Category 4 hurricane on the third quarter results of Republic. In...
HCC Estimates Katrina Loss at $160M
Sep 14 2005 // HCC Insurance Holdings Inc. announced that anticipated claims from Hurricane Katrina are expected to result in the company’s largest gross loss in its history, estimated at $160 million arising from aviation, onshore...
Fitch Moves 5 Insurers to Rating Watch Negative Following Katrina
Sep 13 2005 // Fitch Ratings has placed the ratings of five North American property/casualty insurance and reinsurance organizations on Rating Watch Negative Tuesday based on potential large loss exposures to Hurricane Katrina. The...
White Mountains Katrina Losses in $150-$300 Million Range – Pretax
Sep 12 2005 // White Mountains Insurance Group, Ltd. announced from its Hamilton, Bermuda headquarters, that it estimates “total net losses resulting from the impact of hurricane Katrina on its insurance and reinsurance operations...
AXIS Says Hurricane Katrina Losses ‘Within Current Expectations’
Sep 12 2005 // Bermuda-based AXIS Capital Holdings Limited gave no figures for its estimated net losses from Hurricane Katrina, but indicated that they “are estimated to be within its current expectations of consolidated operating...
S&P Puts 10 Insurers on “Katrina” CreditWatch/Negative
Sep 12 2005 // Standard & Poor’s Ratings Services announced that it has placed its ratings on 10 interactively rated insurance and reinsurance groups on CreditWatch with negative implications due to their possible...
