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  • In future insurers will have to take on considerable additional risk in certain jurisdictions in order to realise growth, according Bob Hartwig, president of the Insurance Information Institute.
  • American International Group (AIG) chairman Steve Miller has played down reports that the insurer is considering another debt issuance after successfully selling $2bn of bonds last week.
  • Private equity backed Lloyd's insurer Barbican has now received approval to form its own Lloyd's managing agency, as predicted by The Insurance Insider last month.
  • Shares in Novae Group closed up 10 percent last week after the Lloyd's insurer confirmed plans to return £33mn of capital - or almost 15 percent of its pre-announcement market capitalisation - to shareholders.
  • Adam Barker, one of the executives to break away from HCC Global (HCCG) to join Ryan Specialty Group's (RSG) nascent London operations, has left the firm by mutual consent, The Insurance Insider can reveal.
  • Lloyd's underwriting tsar Tom Bolt has reiterated his stance on so-called "off-slip" payments made to intermediaries by Lloyd's insurers.
  • Lloyd's insurers' full-year earnings forecasts have been revised upwards after a forgiving third-quarter loss experience and stronger-than-expected investment returns.
  • Reinsurance giant Munich Re has been downgraded by a number of stockbrokers, including London-based Jefferies International and Execution Noble, over its exposure to the sovereign debt of Portugal, Italy, Ireland, Greece and Spain (PIIGS), especially through covered bonds.
  • Global insurer Zurich Financial Services (ZFS) unveiled plans to cut costs last week as part of a bold drive to slash 3-4 percent off the combined ratio of its non-life operations.
  • Under today's political and economic circumstances, the new UK coalition government deserves an awful lot of credit for its stance on attempting to encourage international business to remain or locate in Britain.