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  • Capital markets structurers face a number of obstacles to attracting a wider investor base to the longevity risks of pension funds.
  • The definitive symptom of a soft market - the multi-year reinsurance deal - is making a comeback just as the industry prepares to knuckle down for the 1 January 2011 renewal negotiations.   
  • The Deepwater Horizon oil spill has given the under-appreciated insurance industry a chance to prove its value, Stephen Catlin argued at an Insurance Institute of London lecture today (20 October).
  • A US district judge has quashed a move by Lloyd's (re)insurers to dismiss a Florida property damage coverage dispute that has wide-ranging implications for surplus lines insurers in the state.
  • Insurance Australia Group (IAG) has hired former Aon executive Peter Harmer as CEO of its Melbourne-based Australian subsidiary CGU insurance.
  • BP has said it will waive a statutory limitation on liability under the 1990 Oil Pollution Act (OPA) which could have capped its losses from April's massive oil spill in the Gulf of Mexico at $75mn.
  • Privately-held Lloyd's underwriter Cathedral Capital's Syndicate 2010 is likely to turn a profit this year despite the high natural catastrophe toll in the first half, according to ratings agency AM Best.
  • The Interior Secretary of the Philippines has floated the idea of pooling the country's ‘calamity funds' to potentially leverage international reinsurance purchases in the wake of super typhoon Megi's strike on the country, according to local media.
  • Chartis-backed Lloyd's (re)insurer Ascot Underwriting has cut 2011 capacity in its Syndicate 1414 to £600mn, de-empting from its stamp of £700mn this year amid difficult soft market conditions.  
  • US retail broker Brown and Brown's third-quarter net profit climbed 8.1 percent to $44.3mn from a year earlier, although income for the nine-month period remained unchanged at $129.6mn as prices weakened.