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  • Although 2011 will probably not be remembered as a year when the legacy market made hay, it has not passed without significant business being done by market participants
  • Four of the Lloyd's insurers that have reported first-half results so far registered significant improvements in attritional loss ratios, according to Oriel Securities' research.
  • Although TRIA continues to provide a vital backstop against extreme losses, industry experts have warned that terrorism risk remains high and the burden on reinsurers continues to grow. Catastrophe modelling firm Risk Management Services (RMS) has...
  • Bermudian giant ACE Ltd reported a 46 percent drop in first quarter profits after it took a net realised investment loss of $480mn.
  • Lloyd's may fail to make an underwriting profit in 2010 due to the stinging catastrophe losses in the first half of the year, according to ratings agency AM Best.
  • Hannover Re has not always welcomed unsolicited financial strength ratings, but there was no comment from the German reinsurer last week following Fitch Ratings’ decision to assign an A+ to the company.
  • Despite continuing strong results in the US property casualty (p/c) sector, recent pronouncements from insurance stock analysts offer a rather mixed message on investment prospects for the next few years.
  • Energy reinsurance renewals have proceeded with rate rises and higher retentions after a year of high losses
  • London-headquartered (re)insurance broker RFIB has initiated steps to overhaul its underperforming business after its 2011 results were weighed down by the discovery of £1.5mn of bad debt
  • Investors and rating agencies were bearish on XL Capital's plans to free itself from the shackles of its bond liabilities by raising $2.5bn in equity and other securities.