October 2005/6

In contrast to its rival XL Capital, shares in Bermudian giant ACE climbed last week despite the company revealing the extent of its hurricane exposures. The (re)insurer said third quarter earnings had fallen to a $112mn net loss after the third...

Bermudian multi-line (re)insurers Arch and Endurance reported third quarter losses last week reflecting the impact of Hurricanes Katrina and Rita. Arch suffered relatively lightly from the record industry catastrophe losses, with a net loss of...