American International Group Inc. reports a third-quarter loss of $4.1 billion, but CEO Robert H. Benmosche insists the company is in "very good shape," with $15.3 billion in liquidity.
Auto insurers Mercury General Corp., Infinity Property and Casualty Corp. and Safety Insurance Group Inc. each report drops in third-quarter income, with Los Angeles-based Mercury General posting a $3.8 million loss.
Auto insurers Mercury General Corp., Infinity Property and Casualty Corp. and Safety Insurance Group Inc. each report drops in third-quarter income, with Los Angeles-based Mercury General posting a $3.8 million loss.
The latest offer from Validus Holdings to buy Transatlantic Holdings has been rejectedthe latest chapter in the pursuit of the New York-based international reinsurance company.
The snow from a freak pre-Halloween snowstorm in the Northeast may have melted, but hundreds of thousands of residents remain without power, and damages in some areas rival those caused by Hurricane Irene.
The snow from a freak pre-Halloween snowstorm in the Northeast may have melted, but hundreds of thousands of residents remain without power, and damages in some areas rival those caused by Hurricane Irene.
Investment yields, low interest rates, less-favorable reserves and high catastrophe losses are working together to create a market hardening, according to reinsurance and specialty-insurance executives on various earnings conference calls this quarter.
Another round of Bermuda-based reinsurers/specialty insurers has reported third-quarter earnings, and higher catastrophe losses and/or lower investment returns continue to impact results.