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There are 40,571 results that match your search.40,571 results
  • Fortress says Alea bid unconditional
    New York-based hedge fund Fortress Investment Group’s offer to buy defunct run-off insurer Alea Group Holdings Ltd was declared unconditional on 5 July.
    12 July 2007
  • RMS to launch natural cat indices
    Risk modelling firm Risk Management Solutions (RMS) is launching a series of natural catastrophe indices for US wind and quake, and European windstorm under the banner Paradex.
    11 February 2008
  • ILS issuance storms ahead in wind season
    Swiss Re has successfully closed its $150mn Vega Capital Ltd collateralised risk obligation (CRO) transaction, while Allstate also bought its second $250mn Willow Re cat bond to market, our sister publication Trading Risk revealed.
    16 June 2008
  • Omega syndicate rides out KRW to post 2005 profit
    Omega Insurance Holdings Ltd Lloyd’s Syndicate 958 has withstood the impact of hurricanes Katrina Wilma and Rita to post a profit for 2005, maintaining its pedigree of a pure underwriting profit in every year it has traded since its launch in 1980.
    29 February 2008
  • Willumstad replaces Sullivan as AIG CEO
    Martin Sullivan has resigned as chief executive of American International Group (AIG) after bowing to mounting shareholder pressure over the company’s performance that has slumped on heavy credit losses.
    15 June 2008
  • Max Capital's net income slumps on investments
    Max Capital Group Ltd revealed net income slumped $72.3mn compared to the prior-year period, which has been attributed to losses on investments.
    12 May 2008
  • Lloyd's rules out forming US admitted insurer
    Lloyd's has ruled out creating a fully-fledged US insurance company - an idea that was floated as part of the three-year strategic plan delivered in January.
    10 August 2006
  • US P&C income 'halves' in Q1 2008
    Net income for the US property & casualty (P&C) insurance industry has almost halved in the first quarter of 2008 after heavy losses in underwriting results, according to the US P&C associations.
    30 June 2008
  • Allianz takes EUR200mn hit from Emma
    German financial services giant Allianz AG's expects to take a pre-tax hit of EUR200mn following European Windstorm Emma, it revealed today (13 March).
    13 March 2008
  • S&P upgrades Converium to A-
    Converium, the Swiss reinsurer fighting a hostile takeover battle from rival SCOR, has regained its desired A- financial strength rating from Standard & Poor’s (S&P).
    01 March 2007
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