March 2004/1

ZFS impresses, but rating agencies reserve judgment A year after booking a record $3.36bn loss blighted by equity write-downs, restructuring costs and reserve charges, Swiss giant Zurich Financial Services (ZFS) announced a return to a healthy $2.12bn ne

Willis Group finished 2003 with a healthy organic growth of 15 percent for the year as it revealed total revenues had grown 20 percent to $2076mn. Net income for the final quarter was static at $118mn with 2002 but overall earnings almost doubled for t

AIG storms back The world's most valuable insurer AIG posted fourth quarter profits of $2.71bn, or $1.03 per share, with higher general insurance premiums and revenues contributing to the bottom line. Net income for the full year rocketed 68 percent t

The Catlin insurance group finally announced its intention to take advantage of buoyant investor interest by floating on the London Stock Exchange. In a 3 March announcement, the insurer said the offering, expected to be completed by April 2004, will c

Judgment to examine whether excess of loss reinsurers can expect a 'duty of care' from direct insurers The long running Aon77 energy dispute, which has been in court since the end of 2003, is nearing resolution, with legal teams believed to be preparin