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Aspen Insurance Holdings Limited posted a profit of $40.1 million for the quarter ending June 30. The company’s second-quarter profit of $0.36 per share was down from $84.6 million or $1.03 per share in the same period last year. Net-written premium...

Montpelier Re Holdings posted a second-quarter loss of $23.2 million as the re/insurer faced catastrophe loss events and a completive market. The loss compared to a profit of $65.5 million in the 2012 second quarter. Gross insurance and reinsurance p...

New York's top financial regulator has expanded a probe into whether reinsurance companies have written policies on international trade with Iran, which could potentially violate new US sanctions. In a letter posted to its website, the state's Depart...

Validus Holdings said last night it posted second-quarter net income of $30.7 million, compared to $167.6 million for the three months ended June 30, 2012 — a decrease of $136.9 million, or 81.7 percent. Validus' chairman and CEO Ed Noonan stated: “I...

RenaissanceRe Holdings has expanded its reinsurance operations with the launch of a US platform. The Bermuda re/insurer said it has formed RenaissanceRe Underwriting Managers US LLC, a specialty reinsurance agency based in Connecticut, which will sup...

By Marina Mello Montpelier Re Holdings posted a second-quarter loss of $23.2 million as the re/insurer faced catastrophe loss events and a completive market. The loss compared to a profit of $65.5 million in the 2012 second quarter. Gross insurance a...

XL Group has formed a new Bermuda company with private equity firm Stone Point Capital, which will focus on insurance-linked securities and other reinsurance products. The re/insurer said the new Bermuda-based company will act as an investment manage...

Ace chairman and CEO Evan Greenberg said an influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. This as the re/insurer posted a record profit for the second quar...

Aspen Insurance Holdings Limited posted a profit of $40.1 million for the quarter ending June 30. The company’s second-quarter profit of $0.36 per share was down from $84.6 million or $1.03 per share in the same period last year. Net-written premium...

Earnings Season Bermuda’s Everest Re Group posted a strong second-quarter profit of $275.6 million, compared to net income of $214.6 million in the same period last year. Total revenue for the quarter was $1.35 billion, up 14.6 percent year over yea...