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  • With Validus shares trading down significantly in the aftermath of its attempt to gazump Allied World's bid for Transatlantic, it would either appear that the Bermudian's shareholders voted with their feet or that hungry arbitrageurs were enjoying a substantial piece of the action.
  • Rising costs from the February New Zealand earthquake increased second-quarter losses among a flurry of (re)insurers.
  • An explosion that destroyed the Vasilikos power station in Cyprus is set to be a EUR600mn ($840mn) loss for the international reinsurance market, making it the largest power loss to date this year.
  • Analysts at Munich Re's NatCat service blamed La Niña weather patterns for the high disaster toll from US tornadoes and Australian flooding events, which made the first half of 2011 the costliest start to a year on record for (re)insurers.
  • London broker Thompson Heath & Bond (THB) finally saw some interest in its shares after posting H1 results and confirming that it is in talks with US wholesaler AmWins.
  • Marsh & McLennan Agency (MMA) has continued the expansion of its mid-tier US agency platform with another purchase of a regional employee benefits broker.
  • London "magic circle" law firm Linklaters is set to test the resolve of the UK solicitors' indemnity market, as it fights a EUR136mn (£115mn) professional negligence claim involving collapsed Italian food giant Parmalat - one of the largest such claims ever to hit the niche sector.
  • Risk modeller RMS released its latest European windstorm model last week, introducing three new countries and increasing risk profiles in most regions.
  • The competitive airline insurance market is likely to continue with its flat-to-slightly down trajectory that has characterised the first half of the year, according to two of the sector's leading producers.
  • Shares in The Hartford closed down 10 percent for the first half of July after announcing that it would miss earnings expectations because of an asbestos charge to its reserves and heavy catastrophe losses.