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Chaucer reports strong results; syndicate merger
Specialist Lloyd’s insurer Chaucer Holdings has announced a strong start to the year in its latest trading update. It said gross written premiums for the 2004 year of account were higher than for the same period in 2003 and that pricing remained strong. 2
01 March 2004
Energy rates soar in wake of Deepwater
The offshore energy market has undergone a dramatic re-rating following the losses of the last two months, according to reports from Moody's and Willis.
07 June 2010
Legal odyssey spreads impact wide - The winners and losers of the Sphere Drake
After an epic dispute that began in early 1999 with the Unicover fall-out, Odyssey Re predecessor Sphere Drake was victorious in the UK High Court earlier this month against the disgraced carve-out brokers SCB. It was one of the most eagerly awaited indus
01 July 2003
Hartford cuts 270 Jobs from VA unit
Around 270 jobs have been cut from The Hartford Financial Services Group’s investment products division in recent weeks, as the US insurer continues to suffer at the hands of its variable annuity (VA) business.
27 July 2009
Florida approves State Farm withdrawal
Florida's regulators approved State Farm's controversial plan to withdraw from the Sunshine State's property insurance market within two years.
23 February 2009
International News Digest - June 2004
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
01 June 2004
Alterra loads $200mn post-Japan sidecar
Alterra Capital Holdings has launched the first post-Japan property catastrophe sidecar in partnership with private equity firm Stone Point Capital and up to $200mn of committed capital
06 April 2011
Guy Carpenter lauds Lloyd’s recovery
Lloyd's has undergone an impressive turnaround since September 11 and results are likely to remain strong through 2004, Marsh-owned reinsurance broker Guy Carpenter has concluded in its latest overview of the London insurance market.
28 June 2004
$139mn Japan loss to push Validus into the red
Bermudian cat specialist Validus Holdings has revealed $139mn of net losses from the Japanese earthquake and tsunami, representing 4 percent of year-end shareholder equity
05 April 2011
Willis defending $500mn+ PA spiral lawsuits
CNA Insurance Co and American Reliable are suing Willis for $275mn and $251mn respectively over allegations relating to their placement of toxic Personal Accident spiral and workers' compensation business in 1996-1998.
11 August 2008
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