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Bermuda-based bond insurer Assured Guaranty last night announced first-quarter net income of $125.4 million down 61 percent from the same period a year earlier. The decrease was mainly due to unrealised losses on credit derivatives, an item that does...

Lancashire Holdings Ltd reported a profit of $8.6 million during the first quarter of 2011 despite taking a $75 million hit from the Japanese earthquake and tsunami. This compared to a net income of $8.2 million for the same period in 2010. Lancashir...

Validus Holdings Ltd posted a net loss of almost $175 million during the 2011 first quarter as its bottom line was significantly impacted by catastrophes across the world. The re/insurer reported a net loss of $172.4 million or $1.78 per share for th...

Allied World Assurance Company Holdings, AG posted a slender profit of $8.6 million for the first quarter of 2011 despite taking a $132.2 million hit from catastrophes. The profit compared to a net income of $133.7 million for the first quarter of 20...

Ace Ltd last night reported first-quarter profits dropped 66 percent on heavy catastrophe losses. The Switzerland-based global insurer, which was founded in Bermuda 25 years ago and which maintains substantial operations on the Island, said net incom...

Endurance Specialty Holdings Ltd reported a net loss of almost $90 million in the opening three months of the year as its combined ratio climbed to 139.3 percent on global catastrophe losses. The re/insurer made a net loss of $87.4 million and $2.25 ...