August 2005/6
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When Lloyd’s insurer Beazley Group plc reports its 2005 half results on 7 September, they are likely to be higher than expected at over £35mn because of the impact of accounting changes, the company explained last week.
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Bermuda-based (re)insurer White Mountains Insurance Group Ltd revealed last week that the Massachusetts attorney general is investigating one of its units.
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Last week’s Peruvian air crash will cost insurers £3mn but the repercussions of the five air crashes this month are multiplying.
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In a surprise move, reinsurance giant Swiss Re announced last week that Jacques Aigrain will succeed John Coomber as its chief executive.
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SVB Holdings, the Lloyd's insurer battling against its legacy liability exposures, issued a steady trading statement last week but still saw its corporate broker downgrade the company’s full-year earnings forecast.
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Pat Ryan, the founding chairman of broking giant Aon Corp, announced plans to sell five million shares in the company, equivalent to some $146mn.
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The head of General Electric’s (re)insurance arm confirmed last week that the giant conglomerate will probably sell or spin-off all its underwriting units in due course.
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Reinsurance broker Benfield has won the account for Californian State Compensation Insurance Fund from incumbents Aon Re and Guy Carpenter, Insider Week can reveal.