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There are 68,813 results that match your search.68,813 results
  • Investment losses to weigh heavily on Q3 earnings
    As the (re)insurance industry gears up to report Q3 financials, earnings are expected to be dominated by deteriorating investment performance and continued catastrophe losses, this time from US hurricanes.
    13 October 2008
  • Yamato Life Insurance goes bust as global crisis hits Asia
    The global stock market crash has caused Yamato Life insurance, Japan’s nearly century old insurer, to declare bankruptcy overnight.
    10 October 2008
  • XL Capital reassures on book value; investment portfolio falls up to $1.2bn
    Fancy buying over $20 for $5? Then perhaps all you need do is instruct your broker to buy XL Capital. The embattled insurer was forced to reassure shareholders on Friday (10 October) that its third quarter book value would be $21-$22.50 after its stock tu
    10 October 2008
  • UK brokers at war over commission
    A fundamental disagreement over the issue of mandatory commission disclosure lies at the heart of the decision by the London Market Insurance Brokers’ Committee (LMBC) to break away from the British Insurance Brokers’ Association (BIBA) and form a rival t
    10 October 2008
  • AIG borrowings reach $70bn as markets tumble
    Embattled US insurer American International Group (AIG) has borrowed $70.3bn on loans from the government in the three weeks since its initial $85bn bail-out, up $9bn since last Friday (3 October), according to reports.
    10 October 2008
  • Torus confirms Tobin as CEO
    Start-up energy insurer Torus Insurance Holdings Ltd has confirmed the appointment of Clive Tobin as the group’s CEO, effective 1 January 2009, as revealed by The Insurance Insider in June.
    09 October 2008
  • UK broker associations split
    The London Market Insurance Brokers’ Committee (LMBC) is breaking away from its parent body the British Insurance Brokers’ Association, The Insurance Insider can reveal.
    09 October 2008
  • AIG receives further $38bn Fed lifeline
    Concerns that American International Group’s $85bn Federal Reserve loan would not be sufficient were relieved late yesterday when the embattled insurance giant received a further $38bn in cash collateral from the Federal Reserve Bank of New York.
    09 October 2008
  • XL Capital shares close down 54 percent
    On another bleak day on Wall Street, XL Capital shares more than halved to close at $4.01 as fears returned over the Bermudian (re)insurer's investment portfolio.
    09 October 2008
  • Hardy continues growth strategy with HSBC team
    Expansive Lloyd’s insurer Hardy Underwriting Bermuda Ltd has hired a five-strong team from HSBC that will bring renewal rights to a portfolio of high net worth property business.
    09 October 2008
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