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  • Despite the estimated £1.4bn ($2.5bn) blow from Hurricane Katrina, Lloyd’s still expects to make a full year profit in 2005. This was one of the messages from Lloyd’s first ever interim results published 5 October which show a profit of £1.38bn for...
  • A $113.1mn catastrophe charge has pushed Argo Group International Holdings to a first quarter loss of $92mn
  • Last autumn’s industry record hurricane losses triggered sharp increases in property rates in the fourth quarter of 2005, according to the latest RIMS Benchmark Survey from analysts at US firm Advisen. The survey, which includes information...
  • Sluggish rates, surplus capacity and depressed market valuations are deterring private equity from investing in the P&C (re)insurance sector, so the new $150mn investment by Corsair Capital is particularly notable.
  • UK-listed broker Jardine Lloyd Thompson Group plc (JLT) is to undergo a radical restructure that will merge its UK Corporate Risks and JLT Risk Solutions, Insider Week can reveal. Following the merger – due to complete by the third quarter 2006...
  • There will be no significant insurance losses as a result of the terrorist attacks on the British Consulate and HSBC offices in Istanbul, Lloyd’s announced last week.
  • Despite raising earnings expectations on improved prospects at UK insurer Royal & Sun Alliance (R&SA), analysts at Morgan Stanley believe the company’s stock is overvalued. Equity analysts Jon Hockling and Kathy Fear increased 2006 earnings forecasts..
  • Chubb reported an almost 20 percent year-on-year drop in second quarter net income to $419mn but managed to remain in the black - and beat the Wall Street consensus - despite the recent spate of deadly tornadoes.
  • Scor has disclosed that during the June and July reinsurance renewals it wrote 22 percent more treaty business for P&C and specialty lines business.
  • Despite the estimated £1.4bn ($2.5bn) blow from Hurricane Katrina, Lloyd’s still expects to make a full year profit in 2005. This was one of the messages from Lloyd’s first ever interim results published this morning (6 October) which show a profit...