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ATLANTA (AP) Delta Air Lines Inc said yesterday that raising fares should allow it to make up for the higher fuel prices that drove a $318 million loss in the first quarter. Delta president Ed Bastian said “aggressive fare actions” should allow it to...

Nabors Industries Ltd’s profits rose more than doubled during the first quarter of 2011 - but the company expects to do even better in the next quarter according to its chairman and CEO. The Bermuda-based drilling firm reported net income of $82.2 m...

RenaissanceRe Holdings Ltd posted a net loss of almost $250 million during the first quarter after taking a combined $427.4 million hit from the New Zealand and Japanese earthquakes and Australian floods. The re/insurer made a net loss of $248 millio...

Arch Capital Group Ltd made a profit of more than $19 million in the first quarter despite booking catastrophe losses of nearly $180 million. The Bermuda-based re/insurer posted net income of $19.3 million, or 41 cents per share, compared to $210 mil...

NEW YORK (Bloomberg) Alterra Capital Holdings Ltd investors should reject the insurer’s plan to reappoint KPMG-Bermuda after a government accounting board faulted the auditor’s work, said Institutional Shareholder Services Inc. The proxy-advisory ser...

Scottish Re Group Ltd’s profits fell by more than $2 billion during 2010 due primarily to $242.2 million of net realised and unrealised gains on its invested assets. The re/insurer posted net income of $239.1 million or $1.09 per share for the year e...

American Safety Insurance Holdings Ltd. has announced it expects to report pre-tax losses of between $5 million and $7 million from the New Zealand earthquake and other events in the first quarter. The insurer said that catastrophe losses within the ...

LONDON (Reuters) - British insurer Amlin said its natural disaster losses in the first quarter could be as high as £275 million ($444.5 million), including a hit of up to £150 million from the Japanese earthquake. Amlin, the biggest listed insurer op...

Shares of Bermuda-based Omega Insurance shot up 18 percent on Friday, as the insurer confirmed that more than one company has expressed interest in taking it over. Omega received a bid from privately-owned rival Canopius in January and on Friday the ...