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PXRE still searching to avoid run-off
Troubled Bermudian reinsurer PXRE reported a small third quarter net profit last week (8 November) as it said it continues to look for alternatives to what looks to be an increasingly inevitable slide into run-off.
13 November 2006
The Hartford agrees $1.15bn asbestos settlement
US giant property casualty insurer The Hartford announced Friday (19 December) that it has agreed a $1.15bn global claims settlement for asbestos exposures to MacArthur Company and its Western MacArthur subsidiary.
22 December 2003
SVB optimistic as legacy load lightens
Lloyd’s insurer SVB continued its upbeat recovery message last Wednesday (24 March) as it reported 2003 pre-tax profits of £17.8mn, or 3.8p a share, up from £10.1mn in 2002.
29 March 2004
Zurich takes $295mn US storm hit
Global insurer Zurich Financial Services has estimated it will pay net claims of $295mn for the US storms that struck throughout April and May
20 June 2011
$1bn Brandywine sale remains uncertain following hearing
Despite a hearing headed by the Pennsylvania insurance commissioner, Diane Koken, last week, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries...
18 July 2005
Canopius CEO steps down
Canopius Managing Agents CEO Clive Watson is to leave the Lloyd's (re)insurer with effect from 1 October. A successor is yet to be found...
24 August 2009
RFIB restructures after bad debt weighs on 2011 results
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
10 January 2012
End in sight for Starr wars saga
Developments at the turn of the month moved Maurice "Hank" Greenberg closer to ending his long-running legal battles with American International Group (AIG).
07 September 2009
Aon settles for $190mn as regulators air allegations
As predicted in the February edition of The Insurance Insider, Aon Corp has struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant.
07 March 2005
RMS unveils new winter cat models
Risk Management Solutions (RMS) has launched new winter storm and severe convective storm models for North America to assess losses from different weather events.
18 August 2008
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