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There are 68,963 results that match your search.68,963 results
  • CNA reinsurance deal to land Berkshire with major loss
    The ultimate expected loss on the CNA asbestos portfolio that Berkshire Hathaway reinsured in 2010 for $2.2bn deteriorated by $479mn in the fourth quarter and will now leave the company and its reinsurance head Ajit Jain with a loss.
    24 February 2014
  • (Rate) change we can believe in
    For an industry that promises to remove the uncertainties of the future in return for a fee, our sector is remarkably bad at predicting even the shortest distance in advance
    24 February 2014
  • RSA investors steel themselves for rights issue pain
    RSA's share price closed down 3.7 percent at 97.5p today (24 February) as the group's shareholders prepared themselves for the first major rights issue by a UK-headquartered insurer in over 10 years.
    24 February 2014
  • CatCo hires alternative reinsurance duo
    The London-listed collateralised retro writer CatCo has hired the alternative reinsurance duo Charlie Vaughan and Rick Montgomerie as directors of underwriting
    24 February 2014
  • Hiscox says 2013 profit up 12 percent
    London-listed (re)insurer Hiscox today (23 February) said it would distribute £178mn ($297mn) of surplus capital to shareholders as it reported a 12 percent increase in its 2013 profit, helped by lower claims thanks to a light catastrophe year.
    24 February 2014
  • RSA says no decision yet on capital-raising
    Shares in troubled UK insurer RSA could come under pressure this morning (23 February) after the company declined to rule out an equity rights issue following weekend press reports of a possible cash call.
    24 February 2014
  • AIG fails to stall $8.5bn BoA judgment
    American International Group (AIG) has been thwarted in an 11th-hour attempt to block the approval of Bank of America (BoA)'s $8.5bn settlement for more than 500 claims from investors over toxic mortgage-backed securities
    21 February 2014
  • UK floods unlikely to affect insurers’ ratings: S&P
    Non-life insurers' creditworthiness is unlikely to be affected by the UK floods, ratings agency Standard & Poor's (S&P) said today (21 February)
    21 February 2014
  • US consumers push for quick flood insurance reform
    The Consumer Federation of America (CFA) has urged legislators to reject a bill that would delay an overhaul of the US flood insurance subsidy scheme, arguing that the programme is too costly and fails to deter building on flood plains
    21 February 2014
  • Skuld says P&I premiums up
    Marine insurer Skuld said today (21 February) that premium income at its flagship protection and indemnity (P&I) arm rose 13 percent at the 2013/14 renewal, helped by "significant" new business in China and Singapore
    21 February 2014
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