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  • Germany's Hannover Re showed its strength across the board, with operating profit up 16.2 percent to EUR179.5mn, net income increasing 11.1 percent to EUR107.7mn and gross written premiums growing 6.2 percent to EUR2.6bn against the first quarter of 2004.
  • World's largest reinsurer Munich Re has met with a mixed response from ratings agencies following its 19 July announcement that it has increased reserves at its US subsidiary American Re by $1.6bn, cutting group second quarter earnings by EUR0.4bn...
  • Lloyd’s insurer Amlin announced last Wednesday (24 November) that it has restructured its debt, raising $50mn in subordinated debt and signing a new £30mn ($57mn) 12-month term loan facility with Lloyd’s TSB, replacing its existing $90mn Letter of Credit
  • Founder departs; but all is well, liability insurer insists The chief executive of the commercial liability insurer The Underwriter Insurance Company Ltd has parted company with the firm he helped form. Keith Rutter resigned from The Underwriter last
  • Nine months into its merged existence, US insurer The St Paul Travelers revealed last week (16 December) that it plans to slash the size of its board from 23 to a proposed 13 members.
  • Atrium Underwriting’s share price has fallen almost 15 percent in the last week – one of a number of the Lloyd’s quoted insurers to come under buying pressure of late.
  • Michael Watson, the former Chief Executive of Unicover afflicted Odyssey Re, is to replace Pierre Croizat as the new Chief Executive of Trenwick International, the London arm of Bermuda-based insurer Trenwick Group Ltd. Watson is joined by James Giordano,
  • World's largest insurer AIG confirmed on 29 September that one of its business units was now under criminal investigation by the US Department of Justice for alleged violations of federal securities laws.
  • The gloves are off as WTC insurers argue the attacks were one event and Silverstein acts to prevent ACE and XL Capital from pursuing a London arbitration The anticipated frenzy of litigation took at step closer to reality after Silverstein, the leaseho
  • After finally filing its long delayed 2004 10-K report at the end of May, world's largest insurer AIG continued to play catch-up with the Securities and Exchange Commission (SEC), delivering its first quarter 2005 results last Tuesday (27 June).