The Board of Directors of White Mountains Re Group, Ltd., the Bermuda-based reinsurance unit of White Mountains Insurance Group, Ltd. has declared a dividend of $37.53 per share, payable in cash on or before June 30, 2009, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on [...]
The Board of Directors of White Mountains Re Group, Ltd., the Bermuda-based reinsurance unit of White Mountains Insurance Group, Ltd. has declared a dividend of $37.53 per share, payable in cash on or before December 31, 2008, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on [...]
White Mountains Insurance Group, reported an adjusted book value per share of $405 at September 30, 2008, a decrease of 9% for the quarter and 6% for the past twelve months, including dividends.
Ray Barrette, Chairman and CEO, commented, “As I stated in our October 13, 2008 pre-announcement, this was a difficult quarter. Our investment [...]
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Sirius International Insurance Corporation (Sirius) (Sweden). The outlook on both ratings remains stable.
The ratings reflect Sirius’ strong risk-adjusted capitalisation, very good operating performance despite low investment income and very good business profile in Scandinavia.
A.M. Best [...]
enkins Insurance Group, a Leavitt Group affiliated agency, is pleased to announce the hiring of Scott W. Reynolds as a Vice President. Scott will lead Jenkins’ new Energy Practice with a focus on the Renewable Energy industry.
Reynolds has been in the insurance industry for 28 years with extensive experience in the Energy field. He was [...]
ICW Group Insurance Companies, which partners with 3,800 agents and brokers across the United States, is now offering workers’ compensation insurance in the state of Illinois.
The super-regional carrier’s industry-leading claims services and forward-thinking risk management has helped thousands of companies create a safe and productive work environment, while lowering the costs associated with workers’ compensation [...]
The list of Ward’s 50 top performing insurance companies was released by Ward Group, an operational consulting firm and leading provider of benchmarking and best practices services to the insurance industry.
Annually, Ward Group analyzes the financial performance of over 3,100 property-casualty insurance companies and over 800 life-health insurance companies domiciled in the United States and [...]
ET Solar Group Corp. a Nanjing-based solar farm EPC provider and integrated manufacturer of photovoltaic (”PV”) products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems, announced immediate provision of product liability insurance coverage for its PV module customers worldwide.
Arranged by Aon, world’s top insurance brokerage firm headquartered in New York, the cover is provided [...]
Max Capital Group Ltd.commented on the second amended offer by Validus Holdings, Ltd. in Validus’s hostile takeover bid for IPC Holdings, Ltd. The latest by Validus fails once again to provide IPC shareholders with a financially attractive outcome. In addition, it offers no realistic path to complete a transaction. This change by Validus today of [...]
Mercer Insurance Group, Inc. reported its operating results today for the year and quarter ended December 31, 2008.
4th Quarter highlights:
– Net income of $0.10 per diluted share versus $0.45 per diluted share in the prior year’s quarter,
– Operating income of $0.54 per diluted share versus $0.48 per diluted share in the prior [...]
