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Noonan: 2014 Chile quake to cost $450mn
Validus CEO Ed Noonan has estimated that insured losses from the April earthquake off the coast of Chile could reach $450mn.
28 July 2014
Fitch affirms Generali’s IFS at A-
Fitch Ratings has been sufficiently impressed with Generali's operating performance expectations to affirm its insurer financial strength rating of A-.
28 July 2014
Netherlands-headquartered insurers could face 20% bonus cap
Insurers headquartered in the Netherlands could be impacted by a cap on bonuses and severance pay from as early as 1 January 2015.
28 July 2014
Hiscox Ltd hit by strong sterling
Adverse foreign exchange movements, UK weather claims and softening rates impacted on Hiscox's first half results, with gross written premiums, profits and return on equity all down on last year's figures.
28 July 2014
Endurance clears hurdles on both Aspen takeover proposals
Endurance has secured the required support from Aspen shareholders on two votes for proposals laid out as part of its hostile takeover efforts, but it may still have fallen short of securing sufficient support to keep its bid going.
26 July 2014
AIG loses global head of offshore energy
Susan Swails, global head of offshore energy, has resigned from AIG, The Insurance Insider can reveal
25 July 2014
Softening rates cause negative organic growth at Aon Benfield
Competitive conditions in the reinsurance market hurt revenues at Aon Benfield in the second quarter, as it registered negative organic growth of 4 percent
25 July 2014
Admiral bear raises capital concerns
Long-time Admiral bear Peter Eliot, an analyst at Berenberg, has expressed concerns about the UK motor insurer's capital requirements as the London-listed firm attempts to raise up to £200mn of subordinated debt in its first ever bond issue.
25 July 2014
AM Best affirmation for Lloyd’s
Lloyd's has had its A financial strength and "a" long-term issuer credit ratings affirmed by AM Best with a positive outlook.
25 July 2014
Validus reports higher profits and improved combined ratio in Q2
Validus Holdings trimmed its top line in the second quarter but reported higher operating profits and an improving combined ratio for the period.
25 July 2014
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