The Bermuda-based insurer and reinsurer said its fourth-quarter net loss amounted to of $5.51 per share, compared with net income of $288 million, or $2.07 per share, for the quarter ended Dec. 31, 20

A report issued by Cornerstone Research said the total value of cases settled during 2005 grew to an all-time high of $3.5 billion, surpassing last year's figure of $2.9 billion by more than 17 percen

"With the increasingly conservative view taken by ratings agencies and forthcoming catastrophe model changes, one can question whether the industry's capitalization at the start of the 2005 season wil

"With the increasingly conservative view taken by ratings agencies and forthcoming catastrophe model changes, one can question whether the industry's capitalization at the start of the 2005 season wil

Applied, a privately held company, provides business insurance for a wide range of companies with a focus on crafting workers' compensation and business service policies for small and medium-sized ent

Applied, a privately held company, provides business insurance for a wide range of companies with a focus on crafting workers' compensation and business service policies for small and medium-sized ent

The fourth-quarter figures represent $313.9 million net negative impact from company losses last October after Hurricane Wilma hit Florida creating an unusual amount of inland and urban insured losses

In a company statement, the Pembroke, Bermuda-based insurer said Mr. Charman will retire at the end of his current employment contract. AXIS said he was retiring as the "result of his divorce proceedi