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Lloyd’s insurer Canopius Group Ltd has announced its first ever loss £64 million (about $100.6 million) before tax for 2011. The loss comes after the company posted a profit of £40 million (about $62.9 million) for 2010. Canopius, a UK-based insuran...

Allied World Assurance Company Holdings last night reported an annual profit of $274.5 million, boosted by a merger termination fee from its failed attempt to combine with US reinsurer Transatlantic Holdings. The Switzerland-based re/insurer, which r...

Shares of insurance broker Willis Group Holdings Plc plunged 10.7 percent in New York trading yesterday, after fourth quarter profits fell by more than half from last year. Revenue declined and the third-largest broker, behind Aon and Marsh, missed a...

Bermuda-based Montpelier Re Holdings reported a $124 million net loss for 2011, driven by this year’s catastrophe events. In the fourth quarter, the company saw a $40 million hit from the Thailand floods and $26 million from other catastrophe events ...

Bermuda-based Everest Re reported a net loss of $80.5 million for the year, driven by catastrophe losses. The loss compares to net income of $610.8 million in 2010. Everest Re recorded $41 million net income for the fourth quarter of last year, compa...

Platinum Underwriters Holdings Ltd sustained a net loss of $224.1 million for 2011 in a year when the company was hit hard by catastrophe claims. The company managed to scrape net income of $7.1 million in the fourth quarter, a result impacted by $55...

NEW YORK ( Bermuda) - Ace Ltd, the Swiss insurer with operations in more than 50 countries, will wait for the right buyout, even if it means holding cash at near record-low interest rates, chief executive officer Evan Greenberg said. “You don’t just ...

KeyTech’s boosted its profits by more than $6 million during the six months to the end of September thanks to a one-off $10.5 million gain from the merger between M3 Wireless and CellularOne in May 2011. The telecommunications firm, which released it...

Most of the major US-listed international insurers in the Bermuda market have seen their book value fall through the first nine months of a year blighted by a hugely most expensive catastrophe activity on record. Of the 16 companies surveyed by The R...