Bermuda-based RenaissanceRe Holdings has established Timicuan Reinsurance III Limited (Tim Re III), to offer additional reinsurance capacity for the Florida homeowners market. According to the company, Tim Re III has been capitalized with ...
Tower Group has completed its previous integration with Canopius Holdings Bermuda Limited and Canopius Bermuda, being managed by Canopius Group. The consolidation of both firms will create a global specialty insurance firm with greater ...
Tags: Tower Group, Canopius Holdings Bermuda Limited, Canopius Bermuda
AXIS Capital Holdings has reported net income attributable to common shareholders for the second quarter of 2012 of $168m, or $1.35 per diluted common share, up by 66% from $101m, or $0.79 per diluted common share, during the same period ...
Tags: AXIS Capital Holdings, net income, second quarter, common share, insurance
Alterra Capital Holdings has named Nicholas Conca as the new chief claims officer for insurance, to ensure consistent level of claims service to its insurance policyholders worldwide. With over 20 years of experience in the insurance ...
Tags: Alterra Capital Holdings, Nicholas Conca, insurance officer
US commercial property and casualty insurance provider CNA Financial has acquired Hardy Underwriting Bermuda for approximately $230m. After the integration, Hardy will continue to trade under its own brand and its existing leadership team ...
Tags: CNA Financial, Hardy Underwriting Bermuda, acquisition, insurance
Alterra Capital Holdings has posted a whooping rise of 142% in its net income to $78.9m, or $0.77 per diluted share, for the second quarter of 2012, against $32.6m, or $0.30, for the same period earlier year. Bermuda based insurance ...
Tags: Alterra Capital Holdings, net income, increase, second quarter
SeaBright has received shareholder approval for merger with Enstar Group, in a $11.11 per share in cash deal. Earlier in August 2012, both partied accepted to proceed with the merger and entered into a definitive agreement. The ...
Tags: SeaBright, merger, Enstar Group, shareholder approval
Aspen Insurance Holdings has reshaped the management of its insurance segment in order to hold a firm grip in the underwriting industry. The company has appointed its current co-CEO Rupert Villers as chairman of Aspen Insurance and ...
Tags: Aspen Restructures, Aspen Insurance Holdings, insurance segment
US-based commercial insurer CNA Financial has reported a net income of $166m, or $0.62 diluted earnings per share, for the second quarter of 2012, compared to $124m, or $0.46 diluted earnings per share, for the same period in 2011. For ...
Tags: CNA Financial, commercial insurer, insurer, Net operating income
US-based commercial insurer CNA Financial has reported a net income of $250m, or $0.93 earnings per share, for the first quarter of 2012, compared to $220m, or $0.82 earnings per share, for the same period in 2011. For the first quarter ...
Tags: CNA Financial, net income, Net operating income, commercial insurer
Allied World Assurance Company has selected Iain MacLeod as senior vice president, Asia-Pacific, to manage distribution management and regional business development for all direct and facultative lines, including casualty, environmental, ...
Tags: Allied World Assurance Company, MacLeod, distribution management
Alterra America Insurance Company, a wholly-owned subsidiary of Alterra Capital Holdings, has signed an agreement with Ullico Casualty Group (UCG), to venture into the US multiemployer and governmental fiduciary liability and union ...
Scottish Re Group has reported a net income of $17.13m for the first quarter of 2012, compared to $22.38m for the same period in 2011. The total revenues decreased to $130.25m for the first quarter of 2012, compared to $165.74m for the ...
Tags: Scottish Re Group, net income, quarter 1, total revenues, insurance
Platinum Underwriters Holdings has reported that its net income for the second quarter of 2012 was $67.5m and diluted earnings per common share of $1.97, compared to a net loss of $20.4m during the corresponding period earlier fiscal. For ...
Tags: Holdings, net income, quarter 2, insurance
OneBeacon Professional Insurance (OBPI) has introduced a new non-admitted Lawyers' Professional Liability product for use by the law firms in certain areas of practice. OBPI's Lawyers' Professional Liability (LPL) Division senior vice ...
Tags: OBPI, Liability product, insurance product, insurance service