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There are 68,964 results that match your search.68,964 results
  • Validus $118mn in the red as cats bite
    Bermudian (re)insurer Validus Holdings reported a first quarter net loss of $118mn, contrasting with income of $94.9mn in Q1 2009, after sustaining a $306.9mn hit from the damaging natural catastrophes that punctuated the quarter - the Chilean earthquake, Windstorm Xynthia and Australian hailstorms.
    10 May 2010
  • Everest confirms it is running Chile naked
    Major reinsurer Everest Re has confirmed that it has no retrocessional cover to protect itself from further losses incurred from February's Chilean earthquake.
    10 May 2010
  • Allied World profits despite $86.5mn Q1 cat losses
    Bermudian (re)insurer Allied World reported a modest increase in net income for Q1 2010 despite catastrophe losses of $86.5mn, thanks to reserve releases and strong investment gains.
    10 May 2010
  • PartnerRe books Q1 loss; two internal candidates vie to replace Thiele
    In line with a number of its catastrophe-exposed peers, Bermudian (re)insurer PartnerRe booked an operating loss for the first three months of the year and saw net income plummet after being battered by losses.
    10 May 2010
  • Markel nets profit without reserve buffer
    Speciality (re)insurer Markel International has reported net income of $42.6mn despite $17mn of losses from the Chilean disaster - an improvement on the $16.4mn net income posted in Q1 2009.
    10 May 2010
  • Chartis hit with $500mn in Q1 cat losses
    American International Group (AIG)'s property and casualty (P&C) operation, Chartis, fell to a $192mn underwriting loss as the slew of Q1 catastrophes took a $500mn chunk out of its bottom line.
    10 May 2010
  • RBS: 2,000 jobs to go in insurance segment
    Royal Bank of Scotland (RBS) is to cut 2,000 jobs across its insurance business as it tries to tackle its unprofitability and ready itself again for divestment.
    10 May 2010
  • Lloyd’s players shrink London volume in Q1
    International specialty (re)insurers Catlin Group and Brit Insurance kicked off the Lloyd's Q1 interim management statement season by revealing a drop in premium volumes written at their London hubs in the first three months of the year.
    10 May 2010
  • SEC probes Berkshire disclosure on Burlington: reports
    US regulator the Securities and Exchange Commission (SEC) is examining the disclosures that investment giant Berkshire Hathaway made about its $27bn purchase of Burlington Northern Santa Fe railroad last year, according to reports citing people familiar with the matter.
    10 May 2010
  • KPMG, Countrywide agree giant subprime settlement
    Accounting firm KPMG and Countrywide Financial - the subprime mortgage lending giant acquired by Bank of America - have together agreed to pay former investors $624mn in one of the largest settlements in US history. KPMG, Countrywide agree giant subprime settlement
    10 May 2010
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