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There are 68,919 results that match your search.68,919 results
  • PartnerRe posts heavy loss after $1bn+ cats
    Bermudian reinsurer PartnerRe reported a $807mn net loss for the first quarter of 2011 after recording a $80mn profit for the same period last year, following more than $1bn in cat losses
    03 May 2011
  • Hannover Re’s cat-hit Q1 rescued by tax and reserve releases
    Global reinsurer Hannover Re reported a EUR52mn profit for the first quarter thanks to a hefty tax refund and reserve releases, as its non-life underwriting dropped to a EUR330.9mn operating loss
    03 May 2011
  • Endurance books $87.4mn Q1 loss
    Bermudian (re)insurer Endurance Specialty Holdings reported a net loss of $87.4mn for the first quarter as reserve releases fell to provide less of a buffer against the fierce tide of cat losses
    03 May 2011
  • Axis posts 161 percent combined ratio after Q1 cats
    Axis Capital's shares were down 1.95 percent in immediate after-market trading in New York after the (re)insurer joined the ranks of Bermudians booking heavy first quarter losses because of the brutal spate of catastrophes.
    03 May 2011
  • Buffett heaps yet more praise on Jain
    Warren Buffett's reinsurance consigliore Ajit Jain is known for his humble demeanour which is all the more impressive considering the praise that is regularly poured on him by the Sage of Omaha.
    02 May 2011
  • Greenlight Re confirms new CEO
    Hedge fund owned reinsurer Greenlight Re said its chief underwriting officer Bart Hedges will become CEO on the 15 August.
    02 May 2011
  • Towergate looks beyond 2010 losses as founder steps back
    As expected, UK broker consolidator Towergate posted another set of heavy financial losses but said its underlying business was "robust" as the firm continues its plans for an IPO in 2013. The Maidstone-headquartered group unveiled losses of £25.18mn for 2010 (2009: £28mn) but said if you ignored its heavy debt burden then operating profits rose 18 percent to £139mn. The group ended 2010 with net debt of &pou
    02 May 2011
  • Ousted Generali chairman leaves with EUR16mn goodbye
    It was an acrimonious parting but the ousted chairman of European insurance giant Generali is leaving with a vast pay-out that has provoked the Italian stock market regulator to examine its details. Cesare Geronzi - who was forced to resign after reportedly clashing with other board members over future strategy - will receive €16m or over five times his annual salary despite a brief tenure.
    02 May 2011
  • PartnerRe hikes Japan loss by almost 50% to $730mn
    On the eve of publishing its first quarter results, Bermudian reinsurer PartnerRe hiked its estimated Japan loss by almost 50 percent to $730mn.
    02 May 2011
  • Eastern US tornado outbreak to cost up to $5bn: Eqecat
    The devastating start to the 2011 US tornado season has put insurers on course for a fourth consecutive year of heavy losses from the storms with Eqecat estimating insured losses of $2bn to $5bn from the latest outbreak alone.
    01 May 2011
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