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Catlin on track for full-year forecast despite Q1 claims
Catlin Group Ltd is on track for its full-year forecast, as premium income remains flat in the first quarter of 2008, according to Numis Securities.
19 May 2008
PARIS RE loses in dollar move
Foreign exchange losses sent PARIS RE to a $129.5mn first quarter net loss under IFRS reporting, against a comparable prior-year period net profit of $35.7mn.
19 May 2008
ISG to write live Louisiana business after Whittington deal
Independent Services Group (ISG) is to launch a homeowners insurance business in Louisiana after agreeing a deal to buy run-off US insurer Americas Insurance Company (AIC) from insurance services company Whittington Group.
19 May 2008
Domestic (re)insurers to take brunt of China quake losses
The global (re)insurance industry is likely to emerge relatively unscathed from the Chinese earthquake in Sichuan province, despite economic losses estimated at between $10bn and $20bn.
19 May 2008
Towergate announces £166mn group profit
Towergate Partnership has revealed 2007 group profit of £166mn on the basis of earnings before investment, tax, depreciation and amortisation (EBITDA), which includes income from Payment Shield, Open GI, and The Broker Network.
19 May 2008
Sullivan gets AIG vote of confidence
American International Group (AIG) CEO Martin Sullivan was given the vote of confidence by the company's board last week, despite growing pressure from investors after two consecutive quarters of record losses.
19 May 2008
Fresh QBE bid falls short of IAG's expectations
An improved merger bid for Insurance Australia Group (IAG) from QBE Insurance is likely to fall short of its own "fair value" of the business, the company has indicated.
19 May 2008
ACE expands Middle Eastern operations
ACE Group has expanded its presence in the Middle East with the launch of two new subsidiaries.
19 May 2008
Arch Worldwide reveals new chief; announces $500mn share buyback
Arch Capital Group has announced a new chairman and CEO for Arch Worldwide Insurance Group, following news it is to start a $500mn share buyback scheme.
19 May 2008
PartnerRe names new global CEO and chairman
Bermudian PartnerRe has announced two senior management changes to its non-US global operations.
19 May 2008
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