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Seaton and Stonewall appeal jurisdiction ruling
The private equity backed run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a decision earlier this month in a New York court which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the
27 May 2008
Guy Carpenter shines as MMC Q3 revenues fall 11 percent
MMC, the holding company for the resurgent Marsh and Guy Carpenter global (re)insurance broking operations, has reported Q3 consolidated revenue of $2.5bn – down 11 percent from the third quarter of 2008.
04 November 2009
Hartford’s P&C segment profits up by 16%
US-based composite insurer Hartford Financial Services Group saw the return from its property and casualty segment grow by 16 percent to $300mn.
04 November 2010
Arch PA team sues Danish Re
Members of a personal accident (PA) team dismissed by Imagine Group's Danish Re after handing in their notice are suing the reinsurer for unfair dismissal.
06 December 2007
Who owns Lloyd’s?
The uplift in mergers and acquisitions activity in the Lloyd’s market over the last two years has contributed to a shift in the make-up of leading investors in the sector.
11 November 2008
AXIS chairman changes role in restructure
AXIS Insurance chairman Dennis Reding is to take up the position of chief operating officer at AXIS Capital as the Bermudian firm restructures.
22 January 2007
Goldman Sachs pays $550mn CDO settlement
Goldman Sachs has agreed to pay $550mn to the Securities and Exchange Commission (SEC) to settle fraud charges that it defrauded investors over the sale of subprime mortgage products that cost its customers more than $1bn.
19 July 2010
Tawa shares fall 7% on 2012 results
Legacy and insurance services specialist Tawa's share price has closed down 7.35 percent at a mid-point of 31.5 pence per share following news of the group's $22.5mn loss this morning (22 March).
22 March 2013
Argo expects relatively modest Japan losses
Bermudian reinsurer Argo Group has told investors to expect net losses from the Great Tohoku earthquake of around $60mn - a relatively modest figure compared to many of its peers
19 April 2011
SEC requests court order for Wells Fargo docs in $60bn fraud probe
The US Securities and Exchange Commission (SEC) has filed a subpoena enforcement action against Wells Fargo after the US bank failed to produce all documents relating to a $60bn fraud probe.
26 March 2012
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