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Endurance boosts 3Q income despite revenue fall
Bermudian reinsurer Endurance Specialty Holdings has reported a small rise in income against a background of falling written premiums in the third quarter last week.
05 November 2007
Apollo’s chances of landing Brit put at 50/50
The £800mn+ Brit Insurance-Apollo buy-out deal is balanced on a knife-edge, with a 50 percent chance that it will collapse, according to London-based stockbroker Jefferies.
20 July 2010
Securities suits decline
Securities litigation filings fell 39 percent in the first quarter of 2010 with 178 suits filed - compared to the record-breaking 294 suits seen at the height of the credit crisis backlash in Q1 2009.
07 May 2010
Chaucer reveals credit losses
Lloyd's (re)insurer Chaucer became the latest firm to admit to a shortfall in its trade credit portfolio last week, as it revealed it had strengthened the reserves by £23.5mn in the third quarter.
24 November 2009
S&P pulls out of Australian retail investment
After the Australian Securities and Investments Commission (ASIC) decided to make rating agencies more accountable for their advice, Standard & Poor's (S&P) said it will stop supplying ratings of corporate bonds and other debt-based securities to retail investors in Australia.
24 November 2009
Levene attacks anti-competitive rhetoric
Lord Peter Levene, chairman of Lloyd's, has lambasted those who question whether the competitiveness of the City should take precedence in the UK, insisting it is "an absolute priority".
18 September 2009
Swiss Re expects $300mn net Gustav and Ike claims
Swiss Re expects to take a $300mn hit after reinsurance for hurricanes Gustav and Ike, the two storms that made US landfall earlier this month.
23 September 2008
Analysts upbeat despite fall in Scor’s H1 income
French reinsurer Scor's net income for the first six months of the year dropped by 24 percent from H1 2008 to EUR184mn, as investment income more than halved...
03 August 2009
Asbestos strikes back
R&SA and Syndicate 45 sued by T&N; Hartford sued by Western MacArthur; and Chubb takes $625mn hit as claimants target non-product liability coverage.
01 November 2002
Kingsway names new CEO, nominee of majority shareholder Stilwell
Beleaguered Canadian-headquartered motor insurer Kingsway Financial Services has replaced its president and CEO Colin Simpson - who was nominated to the role by Kingsway's majority investor, Stilwell Group in 2008 - with fellow Stilwell nominee Larry Swets.
20 April 2010
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