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There are 68,930 results that match your search.68,930 results
  • Alterra posts $18mn-$28mn US cat bill
    Bermudian (re)insurance group Alterra Capital has estimated that it will pay $18mn-$28mn as a result of the severe weather losses that hit the US in Q2
    21 June 2011
  • Maiden in $100mn debt re-fi
    Bermudian reinsurer Maiden Holdings is to issue $100mn of senior 8.25 percent notes on the New York Stock Exchange, paying through its wholly owned US holding company Maiden Holdings North America (Maiden NA)
    21 June 2011
  • Elite turns back on UK solicitors’ PI
    Legal expenses insurer Elite Insurance says it will not enter the UK solicitors' professional indemnity (PI) market this year because regulators have failed to make enough changes to the back-up insurance pool
    21 June 2011
  • Montpelier in $250mn credit deal
    Bermudian reinsurer Montpelier Re has opened up a $250mn line of credit fronted by the Bank of America, adding more depth to its balance sheet a month after raising $150mn from a hybrid debt issue
    21 June 2011
  • Chubb keeps US storm losses to $250mn-$310mn
    US insurer the Chubb Corporation says its total losses from US storms in April and May will be $250mn-$310mn
    21 June 2011
  • Angry investors confront IAG’s UK motor syndicate
    The management of Equity Syndicate Management Ltd (ESML) Syndicate 218 received a hostile reception from Names and other capital providers at its London AGM today (20 June).Investors queried spectacular losses and the controversial failure to extend a Berkshire Hathaway adverse loss development cover (ADC).The dedicated Lloyd's motor insurer - which is owned by the Australian insurer IAG - had a tumultuous 2010 with £499mn of losses caused by fierce competition,
    20 June 2011
  • Run-off sector gets Solvency II relief
    Run-off (re)insurers will welcome changes to the way Solvency II applies to the sector, KPMG says.
    20 June 2011
  • US Q2 storm losses ratchet up
    Reported loss estimates from the severe storms in the US during April and May are now approaching the $7bn mark as primary insurers continue to count the cost of a destructive start to Q2
    20 June 2011
  • Quinn raises 2009 net loss to EUR905mn
    Troubled Irish insurer Quinn Insurance Ltd (QIL) increased its 2009 net loss by EUR200mn to EUR905mn as part of its restructuring before an agreed portfolio transfer with Liberty Mutual, the company revealed last week.
    20 June 2011
  • Zurich goes Swiss for $950mn legacy deal
    Global insurer Zurich Financial Services Group was keen on finding a heavyweight buyer for its UK legacy business, The Insurance Insider understands.
    20 June 2011
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