Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the third quarter of 2010 of $92.8 million and operating earnings of $0.79 per diluted ordinary share, compared to Q3 2009 net income after tax of $145.8 million, and …
Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common shareholders of $258.6 million or $4.12 per …
Cash rich Australian companies are being forced to search offshore for takeover targets as the small local market has become too consolidated to get deals past the competition watchdog. With the Aussie dollar at a 28-year high, now would be …
Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement gave the following details for each of …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of UK-based FM Insurance Company Limited (FMI), both with stable outlooks. The affirmation of the ratings …
Following detailed analysis of property damage from the Darfield, New Zealand, earthquake, Risk Management Solutions said it “estimates that total insured losses will fall between NZD 2.1 billion (US$ 1.5 billion) and NZD 3.5 billion (US$ 2.5 billion).” RMS said …
Risk Management Solutions has stated that, based on its analysis of the area exposed to the New Zealand earthquake, it “currently expects that approximately 60-70 percent of the insured loss will be residential, and 30-40 percent will be commercial and …
The magnitude 7.0 earthquake which struck the Southern Island of New Zealand on Saturday, Sept. 4 miraculously caused no fatalities; however it did cause substantial damages. Catastrophe modeling firm AIR Worldwide has estimated that industry insured losses from quake will …
