Performance
Meadowbrook Corrective Actions Yet To Sway A.M. Best; Company Reacts
On Friday, A.M. Best said that the "A-minus" financial strength ratings of members of Meadowbrook Insurance Group, Inc. remain under review with negative implications—a status that has been in ...Liberty Mutual’s 2012 Profit More Than Doubles To $829M Despite Q4 Net Loss
Liberty Mutual and its subsidiaries reported 2012 fourth-quarter net loss of $234 million, with the results including $576 million Superstorm Sandy losses. In comparison, the Boston-headquartered ...A.M. Best Comments On Moody’s UK Downgrade
A.M. Best Europe-Rating Services Ltd. said it "does not anticipate any impact on its ratings of insurers operating in the UK as a direct consequence of the sovereign downgrade." Best was referring to ...
Profits For U.S. Banks In 2012 Highest Since 2006: FDIC
The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The FDIC said ...QBE Cuts Dividend, Reports Lower Than Expected Profit
QBE Insurance, Australia's biggest insurer, posted a lower-than-expected 8 percent rise in full-year net profit due to high claims for accidents and adverse U.S. weather, prompting it to slash its ...Tower Group Reports Fourth-Quarter Loss
More than $80 million of after-tax net losses from Superstorm Sandy drove bottom-line red ink at New York-based Tower Group, Inc., which reported a net loss of $52.1 million, or $1.36 per share, for ...
AIG 4th Quarter Operating Results Beat Expectations
Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this ...Lucky Or Smart? Experts Weigh In On P/C Industry’s Sandy Impact
While a rating agency analyst contends that good risk management is protecting insurers as they face a new normal level of catastrophe losses, other experts believe luck is playing a bigger role than ...