March 2004/6
-
Bermudian specialty (re)insurer Alea announced last week the appointment of Mark L Ricciardelli as group president and COO. Ricciardelli joins the company from his position as president and CEO of the global casualty arm of General Electric's Employers Re
-
Australasian general insurer Promina announced last Thursday (25 March) its first set of annual results since being spun off from Royal & Sun Alliance (R&SA) in an IPO last May.
-
Reports from the US suggest that hopes for meaningful reform to the asbestos litigation system may be alive and kicking, with a new bill based on proposals tabled last year to be put to the floor on 19 April.
-
Strong p/c performance could see Munich Re overtaken
-
Independent Lloyd’s insurer Omega Underwriting Holdings Ltd revealed last week that it made a 6.2 percent profit on capacity in the loss ravaged 2001 underwriting year.
-
Lloyd’s insurer Beazley has announced 2003 results in line with analysts’ forecasts.
-
Helicopter specialist Hardy Underwriting unveiled strong 2003 results last Wednesday (25 March), more than doubling pre-tax profits from £6.66mn to £14.35mn in the process.
-
Lloyd’s insurer Catlin refused to comment today on speculation that its impending 1 April flotation may value the company below its initial pricing estimates.
-
Settlement process and accounting reform in the London Market could lead to increased business, members of the International Underwriting Association (IUA) have heard.
-
WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
-
Bermudian (re)insurer Axis Capital Holdings has secured a $750mn credit agreement with a syndicate of lenders. In a press release dated 25 March, the company said the agreement was for an unsecured three-year facility that allows it to issue up to $750mn
-
Transport and logistics mutual TT Club harbours hopes of regaining its A- rating after reporting strong 2003 results and a positive trading outlook last Wednesday (25 March).
Most Recent
-
Property market faces $200mn Galliano Marine Ida loss
22 October 2021 -
QBE names Wallace UK insurance chief after Fresneau promotion
22 October 2021 -
PRA and FCA’s climate forum launches second round of guides
22 October 2021
