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Flagstone posts full-year loss of $326m
Flagstone Reinsurance Holdings last night announced a net loss of $326.1 million for 2011, driven by hefty catastrophe claims.
The loss broke down to $4.65 per share and compared to net income of $97.1 million, or $1.23 per share, in 2010.- FULL ARTICLE
- Wednesday Feb 22, 20127:51 am
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SPIs fuel rise in insurance incorporations
Bermuda recorded a large increase in the number of new insurers formed last year, thanks to spike in the formation of Special...
Feb 22, 2012 7:51 am
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Marsh teams up with BFIS to offer $30,000 scholarship
Marsh yesterday announced that it will sponsor a two-year university scholarship worth $15,000 per year to be administered by The...
- Feb 22, 2012 7:50 am
- COMMENTS
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S&P downgrades PartnerRe to A+
PartnerRe’s financial strength rating has been lowered to A+ from AA- by Standard & Poor’s Rating Services.
- Feb 20, 2012 7:00 am
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Best puts Validus units under review
The A- financial strength ratings of IPCRe and Validus Re Europe have been placed under review with developing implications by AM...
- Feb 17, 2012 5:57 am
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Allied World profits boosted by merger termination fee
Allied World Assurance Company Holdings last night reported an annual profit of $274.5 million, boosted by a merger termination...
- Feb 16, 2012 8:22 am
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Duperreault delight as Marsh profits soar
Global insurance broker Marsh & McLennan Cos (MMC) said profits rose 26 percent on broad-based revenue growth.
- Feb 16, 2012 8:22 am
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Willis shares plunge 10% after profit halves
Shares of insurance broker Willis Group Holdings Plc plunged 10.7 percent in New York trading yesterday, after fourth quarter...
- Feb 16, 2012 8:22 am
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BII seeks nominations for insurance awards
The Bermuda Insurance Institute (BII) has put out the call for nominations for the annual Bermuda Insurance Industry Awards.
- Feb 16, 2012 8:22 am
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Arch posts a $410.5m profit
Arch Capital Group Ltd’s fourth-quarter earnings trounced Wall Street expectations as the Bermuda-based insurer came through...
- Feb 15, 2012 6:55 am
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Catastrophes drive Argo to $82m loss
Bermuda-based insurer Argo Group reported a $82.4 million net loss for 2011, citing “significant catastrophe...
- Feb 15, 2012 6:55 am
- COMMENTS
- Houghton resigns as Aspen CFO
- Obama plan targets reinsurers
- CatCo thrives through a baptism of fire
- XL posts fourth-quarter loss of $515m on goodwill charge
- Catastrophes drive Montpelier to $124m loss
- Endurance reports $94m annual loss
- Catlin reports 82% drop in profits
- Flagstone estimates up to $18m Thai flood loss
- Everest Re reports net loss of $80.5m
- Iron-Starr CEO Smith leaves to take new role in Boston
- Alterra comes through challenging year with $65m profit
- Axis ekes $9m profit for 2011 despite catastrophes
- RenRe posts $92m annual loss
- Natural disasters drive Platinum to $224m annual loss
- CEA issues second $150m BSX-listed cat bond
- Group heads to Canada in search of captive business
- PartnerRe posts $520m full-year loss
- Aspen suffers $106m full-year loss
- Nichols to take over as Axis Re CEO
- Validus upgraded to A by AM Best
- Validus faces up to $65m loss on cruise ship disaster
- Aon plans share buybacks as revenue surges
- Cat bond issuance likely to grow
- Validus sees rate rises after catastrophes hit profits
- Ace shares rise 4.2% after profits beat expectations
- Ironshore opens Singapore office
- Third Point Re CEO: ‘There are many great advantages to Bermuda’
- Hardy: Montpelier report a “rumour”
- RenaissanceRe: Flooding in Thailand to impact Q4 results
- PartnerRe’s strength rating under review
- Cash rings bell on Endurance’s anniversary
- Third Point Re hires two from Aon Benfield
- ‘Ironshore’s 16 job cuts don’t bode well for back-office work in Bermuda’
- Ace, Axa in ‘advanced talks’ to buy HSBC insurance business
- Third Point appoints Marshall EVP
- Axis estimates $48m loss from Thai floods
- Alterra given approval to launch Brazilian operation
- Bermuda re/insurers weathered cat losses well Fitch report
- PartnerRe estimates $120m losses from Thai floods
- Chartis announces company restructure
- Should people convicted of drink driving get a 12 month ban, regardless of whether they lose their job?
- Yes
- 79%
- No
- 15%
- Don't Know
- 7%
- Total Votes: 1136