October 2003/5

Broker Willis announced record 2003 third-quarter results last week on the back of strong revenue growth.

More strong results from Bermuda. This time RenaissanceRe reported better than expected earnings in its 2003 third-quarter results last week.

Despite publishing an improved outlook, Moody’s was again on the receiving end of criticism from Hannover Re, last week.

Although Brit Insurance Holding’s relatively low return on equity was criticised recently, the company’s strong capital base will stand the Lloyd’s based insurer in good stead against some of its more over-geared rivals, predicted the company’s house brok

Marsh and McLennan, the parent of the world's largest insurance broker Marsh, saw its share price fall this week despite the company posting a 19 percent rise in quarterly profits on the 21 October.

Embattled Lloyd’s insurer Goshawk saw AM Best affirm the A- (excellent) financial strength rating of its Bermudian reinsurance subsidiary GoshawK Re, last week.