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There are 69,298 results that match your search.69,298 results
  • AIG slumps to $24.47bn Q3 loss; confirms new rescue package
    Fallen insurance giant American International Group has unveiled a staggering $24.47bn third quarter net loss on the day it announced a $150bn revamped bail-out package with the US government it says is a “dramatic step forward for AIG and all of its stak
    10 November 2008
  • Munich Re cuts profit target, but bucks negative Q3 trend
    Shares in Munich Re traded up this morning after the reinsurer booked a EUR260mn consolidated profit for the third quarter – albeit 77 percent down on the prior-year period – as catastrophe losses and a 66 percent fall in investment income took their toll
    07 November 2008
  • Aviation exec Bannon joins AIG exodus
    Michael Bannon, assistant vice president of AIG's London aviation insurance division, has become the latest in a growing number of senior figures to leave their posts at the troubled insurance giant, The Insurance Insider understands.
    07 November 2008
  • Guy Carp revenues fall 10 percent in Q3
    Reinsurance broker Guy Carpenter has seen Q3 underlying revenue fall 10 percent year on year as reinsurance premiums continued to fall, while sister company, global broker Marsh, managed to grow underlying earnings 1 percent during the period.
    05 November 2008
  • Credit crisis D&O and E&O losses could hit $12bn
    Global directors' and officers' liability (D&O) and errors and omissions (E&O) losses resulting from the credit crisis could hit $12.1bn, according to a report released today (5 November).
    05 November 2008
  • Hannover Re slumps to Q3 loss; targets breakeven in Q4
    Hannover Re has become the latest (re)insurer to slip to a third quarter net loss under the weight of heavy catastrophe claims and investment write-downs.
    05 November 2008
  • Carvill restructures with ‘material’ job losses
    Independent reinsurance broker RK Carvill is separating its underwriting and broking businesses in a corporate restructure that will result in “material” redundancies, The Insurance Insider can reveal.
    04 November 2008
  • Swiss Re falls to Q3 loss
    Swiss Re has become the latest reinsurer to slump to a third quarter deficit, as it booked a SFr304mn net loss for the period, driven by a SFr614mn operating loss in its life and health business.
    04 November 2008
  • Flagstone upbeat despite hefty 3Q loss
    Flagstone Reinsurance Holdings Limited has revealed a Q3 2008 net loss of $186.5mn, compared to net income of $66.2mn for the same quarter a year earlier as investment and catastrophe losses weighed heavily.
    04 November 2008
  • Hartford shares rally on capital clarification
    US insurer the Hartford Financial Services Group saw its battered share price rally 57.75 percent to $16.28 at market close yesterday (3 November), after it sought to clarify its capital position in a Securities and Exchange Commission (SEC) filing.
    04 November 2008
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