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
US property underwriter ICAT has deployed OneShield Dragon as its policy management solution from OneShield, which the company claims to accelerate its ability to expand in the property underwriting market. ICAT has installed the solution ...
Tags: ICAT, OneShield Dragon, policy management, property underwriting market
US commercial property casualty underwriter Travelers Insurance has reported that its second quarter of 2012 net income was $499m, or $1.26 per diluted share, compared to a net loss of $364m, or $0.88 per diluted share during the same ...
Tags: Travelers Insurance, property casualty, quarter 2, net income, insurance
Insurance services provider BMS Group has appointed Glenn Kerr to lead its wholesale and facultative business in the Asia-Pacific region. Based in Sydney, Kerr will join the BMS wholesale team, led by BMS Wholesale CEO Nick Cook, on ...
Tags: BMS Group, Glenn Kerr, facultative business, insurance
The net income of private US property/casualty underwriters increased to $16.4bn in the first-half of 2012, as against $4.8bn during the same period in 2011. According to a report by US property-casualty insurance analyst firm ISO, the ...
Tags: net income, insurance analyst, ISO, profitability of insurer
Reinsurance and insurance provider Validus Holdings has received all regulatory approvals needed to complete Flagstone Reinsurance acquisition. The approval follows a previously agreed deal between Validus and Flagstone, which was signed ...
Tags: reinsurance, insurance, Validus Holdings, acquisition
Hiscox, a Bermuda-incorporated insurance provider has hired Dr Michael Palmer as head of Analytics and research for its Bermuda operation. Palmer will report to Damien Smith, Hiscox Bermuda's underwriting director, and will spearhead the ...
Tags: Hiscox, insurance, Michael Palmer, Bermuda operation
Liberty Mutual and its subsidiaries reported a net income of $139m and $598m for the three and six months ended 30 June 2012, with an increase of $318m and $413m over the same periods in 2011. Net income attributable to LMHC for the ...
Tags: Liberty Mutual, net income, insurance, quarter2
US specialty insurance products distributor has purchased a niche Managing General Underwriter, Special Markets Insurance Consultants (Smic), for an undisclosed sum. Established in 1985, Smic offers student accident medical, catastrophe ...
Tags: AmWINS, Special Markets Insurance Consultants, insurance consult
ACE Excess Casualty Unit has introduced ACE Cat Management 2.5 endorsement, a catastrophe management insurance product. An enhancement to the existing catastrophe management endorsement, the version will provide additional limits up to ...
Tags: ACE, catastrophe management, insurance product, insurance
Four days of non-stop manual efforts by datacentre staff at Peer 1 Hosting to deliver gallons of fuel to 17th floor generators has helped the colocation provider's Manhattan facility remain operational despite hurricane Sandy. ...
Tags: Peer 1 Hosting, network connections, Hurricane Sandy, power generators
Barring an economic disaster, the global private sector will increase IT spending in 2013 before a sustained recovery, but government spending will see a continuing decline. Gartner predicted global IT spending by enterprises would rise ...
Tags: IT, Gartner, IT spending, fiscal crises
According to auto insurance claims, auto glass repair and replacement shops can anticipate big business following super storm Hurricane Sandy. In an email to glassBYTEs. Com™/AGRR™ magazine, Elizabeth Stelzer, public relations ...
Tags: market view, Auto Glass
IDG News Service - Consumers in the areas hardest hit by Hurricane Sandy may not get wired phone, Internet and video service back for as long as two weeks, Verizon Communications warned on Friday, while the FCC reported continued slow ...
Valve,the company behind the popular games platform Steam,has opened its Linux-based Steam portal for beta registration. The private external beta–which the company is requesting that only experienced Linux developers ...
Tags: Valve, Steam, Linux, popular games platform Steam