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  • Although investment losses combined with hurricanes led to widespread net losses reported for the third quarter – especially among Bermudians – the majority are still on course to deliver full-year profits...
  • Concorde Air France The devastating crash of the Air France Concorde, flight AF4590, shortly after take off from Charles De Gaulle Airport looks set to generate large liability claims. Air France has already announced that it will pay an advance of FF1
  • IPC Re became the latest Bermudian (re)insurer to announce plans to tap the capital markets when filing a mixed shelf registration late on Friday evening (7 October) to raise up to $1.25bn in future capital. The property catastrophe specialist also...
  • Lloyd's has shortened the list of potential providers for its new messaging hub to three, The Insurance Insider has learnt.
  • May was a month to remember for Royal & Sun Alliance (R&SA) as the UK’s second largest domestic non-life insurer brushed off a High Court defeat to successfully float its rebranded Australasian operation Promina and beat expectations with a strong set of
  • General Atlantic Partners, Investcorp, Hellman & Friedman and CVC-US are among the score of blue-chip private equity firms which have put their support behind Sharebridge Holdings, the new US intermediary...
  • American International Group (AIG) has moved onto the next phase of its revamped US government bail-out with the launch of a vehicle to take on multi-sector collateralised debt obligations (CDOs) underlying...
  • Allianz net profit up in revised results German insurer Allianz reported a 35 percent increase in profits in its revised first quarter results on 12 May. Net profit rose to EUR1.78bn this year from EUR1.32bn in the prior-year period.
  • US, Bermudian and Lloyd's (re)insurers reporting fully-year results in the last seven days have posted sparkling underwriting results - but almost all have seen profits battered by poor or negative investment returns for the full-year as the financial crisis took its toll.
  • Lloyd’s insurer Atrium announced improvements in its latest syndicate forecast updates last Tuesday (7 December), along with a fall in estimates for losses from the hurricane season.