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Legacy-free start-ups ride hard market
Arch Capital announced strong second quarter results, booking net income of $104.3mn, or $1.42 a share, against $61.8mn, or $0.91 a share for the comparable quarter last year. The performance took the total for the year so far to $191.7mn, or $2.69 a s
01 August 2004
R&SA premiums on the increase
UK general insurer Royal & Sun Alliance (R&SA) revealed that its net written premiums for the first nine months of 2007 were up 8 percent to £4.36bn when compared to last year.
12 November 2007
Ironshore chairman poised to head Northern Rock
Ron Sandler, the chairman of Bermudian insurer Ironshore Ltd and the former chief executive of Lloyd's, is poised to run the stricken UK bank, Northern Rock, if it is nationalised.
14 January 2008
Australian cat losses mount to $1.75bn
Declared losses from Australia's recent spate of catastrophes have reached roughly $1.75bn, according to initial analysis from The Insurance Insider.
07 February 2011
Rating crisis could spell the end of mutuality, warns Philipps
Charles Philipps has warned that Lloyd’s must preserve its security rating, or face disastrous consequences that would spell the end of the market in its current form. Speaking at Lloyd’s on 11 January as part of a series of lectures...
13 January 2006
Goldman Sachs weighs redemption of Buffett shares
Goldman Sachs is mulling the redemption of $5bn of preference shares that Berkshire Hathaway purchased days after Lehman Brothers had collapsed in September 2008, according to The Wall Street Journal.
25 October 2010
Monte Carlo Roundtable 2009
A year on from Lehman, the near collapse of AIG, and the Aon Benfield merger, our Monte Carlo panel gathered to discuss recovering (re)insurer balance sheets, the subscription market, broker choice and soft market fears.
01 July 2009
Underwriting drives State Farm profits
Giant US insurer State Farm benefited from the unexpectedly low catastrophe losses of 2006 as it posted after-tax net profits of $5.32bn, compared to $3.24bn in the hurricane-hit year of 2005.
05 March 2007
$750mn BP-Transocean ‘comma’ dispute to be reheard
Last week, a Fifth Circuit Court of Appeals reversed its controversial March decision that BP is entitled to a portion of rig owner Transocean's $750mn insurance coverage.
02 September 2013
AIG overhauls aviation management following Starr migrations
Following the weeks of turmoil between American International Group (AIG) and the Hank Greenberg controlled Starr agencies, AIG has overhauled the management team of its aviation unit. Long-serving AIG executive David Hupp has replaced...
13 February 2006
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