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There are 40,681 results that match your search.40,681 results
  • Markel Intl receives AM Best boost
    Markel International, the London based arm of US insurer Markel Corporation, received a boost last week from rating agency AM Best when its financial strength rating was upgraded to A-.
    07 July 2003
  • Moody’s predicts Lloyd’s profit of £1bn+
    Days before Lloyd’s is due to publish its 2004 Global financial results, ratings agency Moody’s has predicted that Lloyd’s is likely to produce a profit of £1.2bn – the equivalent of 9 percent of capacity – this year.
    04 April 2005
  • Catlin raises capital as hurricanes hit profits
    Bermuda headquartered Catlin Group saw its 2005 net income plummet by 87 percent to $19.7mn after incurring a net loss of $333.5mn from the hurricanes Katrina, Rita and Wilma (KRW). The (re)insurer also announced that it has raised £38mn capital...
    13 March 2006
  • Reinsurers look to partner hedge funds with innovative new Cat vehicles
    Existing reinsurers are creating innovative “side-car” companies with hedge fund capital eager for exposure to the reinsurance sector. At a time when rating agencies are scrutinising companies’ exposures to property catastrophe and retrocessional...
    04 November 2005
  • Bermuda set to welcome new wave of start-ups
    Following Katrina, the received wisdom was that there would be few, if any, Bermudian start-ups. But as the magnitude of the three storm losses begins to sink in (AXIS’s John Charman raised the prospect of up to $80bn of losses in 2005 which, if you...
    04 November 2005
  • The Hartford outperforms after rocky Q1
    US (re)insurance group The Hartford Financial Services announced last Wednesday that profits for the second quarter increased nearly threefold on the same period last year.
    18 August 2003
  • PXRE loses two-thirds of business
    Besieged Bermudian reinsurer PXRE Group Ltd revealed last Wednesday (10 May) that it has lost two-thirds of its business following its recent troubles.
    15 May 2006
  • Catlin raises capital as hurricanes decimate profits
    Bermuda headquartered Catlin Group saw its 2005 net income plummet by 87 percent to $19.7mn after incurring a net loss of $333.5mn from the hurricanes Katrina, Rita and Wilma (KRW), it reported today (9 March). The group also announced today that it...
    09 March 2006
  • SCOR wins cautious support
    Rating agencies rallied around beleaguered SCOR after the French reinsurer had its EUR750mn rights issue endorsed by 91 percent of shareholders at an extraordinary general assembly last Monday (1 December) and announced a complete exit from credit derivat
    08 December 2003
  • £140mn PRI start-up boosts London morale
    The morale of the London market - which has come up second best against Bermuda in the post 11 September capital raising stakes - was improved with the announced £139mn AIM float of Professional Risk Insurance Ltd.
    01 June 2002
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