Transatlantic Holdings Inc. says third-quarter net income was down nearly 50 percent due to $71 million in catastrophe losses and $57 million in costs mostly related to the termination of its merger agreement with Allied World Assurance Co. Holdings.
Using its claims data, State Farm has again come up with a report on deer-vehicle collisions and has found that for the third straight year, the overall number of these encounters in the United States has fallen between July 1, 2010 and June 30, 2011.
Many of the factors that need to be in place for a property and casualty market turn are notat least not to cause the type of sharp turn toward a robust hard market, says economist Robert Hartwig.
ACE Ltd. says financial-market volatility in the credit, equity and foreign exchange markets impact third-quarter net income, as the company reports a $31 million third-quarter loss.
Companion bills introduced in the Florida House and Senate would allow surplus-lines insurers to participate in a program to depopulate the states supposed insurer of last resort.
Companion bills introduced in the Florida House and Senate would allow surplus-lines insurers to participate in a program to depopulate the states supposed insurer of last resort.
Flagstone Reinsurance Holdings says it will focus on the businesses it says produce the highest return on equityproperty, property catastrophe and highest-margin short-tail specialty reinsurance.
It came as no surprise to anyone that has followed the Floridas reinsurance fund that it could potentially have a $3.2 billion shortfall, according to new report issued by independent-financial advisor Raymond James.