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  • A Frank goodbye; Adjusting Arabia; Analyse Hiscox; Dagenham's burning; Montpelier movement; Miller & Miller; Taiping under review; New fac head for Willis Chile; Heath to head UK aerospace at Chartis; Merlin loses the magic; Iranian Impact; Munich Re blows; A Northdoor opens for Torus
  • UK insurance broker Oxygen Holdings plc has been placed into liquidation following the completion of the sale of its constituent parts, The Insurance Insider has learned.
  • We who work in a highly cyclical global business should recognise better than most that if you look carefully enough, cycles can be deciphered in many unrelated subjects. Regulation is clearly one of these.
  • Reinsurers have followed insurers in reassuring investors that crop losses from the ongoing US drought conditions are comfortably manageable as an earnings event for the second half of 2012
  • It is with great regret that Insider Publishing says goodbye to its publishing editor, Rebecca Bole, who is leaving the organisation
  • Hannover Re shares fell 4.6 percent to EUR47.21 by mid-morning after the reinsurer missed analyst expectations for its half-year net income, which came in at EUR144mn compared to a consensus of EUR163mn.
  • At The Insurance Insider's legacy roundtable a year ago, the most prominent theme was hope. Hope sprung eternal: hope that the new Solvency II regime would lead to greater opportunities for buyers of run-off assets; hope that a long soft cycle on rates would force live-market players to consider the use of their capital; and hope that the impact of catastrophes early in 2011 would prove a boon to the sector.
  • Considering last year's string of brutal natural catastrophes, few market watchers would have been surprised if the London market had shrunk a little by the end of the year. But how many would have predicted that the reason for it shrinking would be M&A at handsome multiples to book value, leaving (once Hardy and Omega complete) just five publicly quoted Lloyd's (re)insurers?
  • Aviva fell to a £681mn half-year loss after writing off £876mn of goodwill related to its US business, compared to a £465mn profit for the first half of 2011
  • Swiss Re took a $1bn loss on the sale of its Admin Re US business in the second quarter, reducing its net profit for the period to just $83mn.