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Fairfax shares up as profits surge
Shares in Fairfax Financial Holdings traded up 5 percent Friday (31 July) after the Canadian combine unveiled a net profit of $275.4mn for the second quarter.
03 August 2009
Carvill promotes Smith to lead property solutions division
Specialty reinsurance broker Carvill’s ReAdvisory arm has appointed Dr Steve Smith as president of its new property solutions division.
04 February 2008
Moody's downgrades Wellington's 2020
Rating agency Moody's has downgraded the insurer financial strength rating of Wellington's Syndicate 2020 from A1 to A2.
08 May 2006
Aspen beats forecasts on Q2 operating profits
Aspen Insurance Holdings beat analysts' consensus forecasts by 23 cents a share as it reported Q2 operating earnings of $104.9mn, or $1.23 a share, marginally down on the $103.8mn or $1.14 a share it earned in the prior-year period.
29 July 2010
AIG could pay Transatlantic up to $125mn to end dispute
American International Group (AIG) could pay its former subsidiary Transatlantic Holdings up to $125mn to settle a securities lending dispute
13 February 2012
CV Starr launches Lloyd's US construction consortium with Talbot and QBE
CV Starr has tied up with Talbot Underwriting Ltd and QBE to launch a $75mn consortium to write US construction risks at Lloyd's.
30 June 2009
Swiss Re and Buffett still in $1bn reinsurance dispute
Berkshire Hathaway is yet to settle a dispute with global reinsurer Swiss Re over a life reinsurance transaction that the investment conglomerate has claimed could cause damages of up to $1bn
21 February 2013
Brit acceptance rate creeps up to 84%
Private equity acquisition vehicle Achilles said this morning (28 February) that more than 84 percent of Brit shareholders have now accepted its takeover offer
28 February 2011
Lloyd’s open year liabilities mount
Lloyd’s post-Equitas open year liabilities increased by £0.3bn last year and have become the “elephant in the room” of UK run-off, according to Philip Grant, chairman of the Association of Run-off Companies (ARC).
11 October 2006
IRS holds firm on taxing foreign (re)insurers
The US tax authority the Internal Revenue Service has reiterated its position on the cascading federal excise taxes (FET) that will apply to foreign (re)insurers on when the deal involves an underlying US risk.
17 March 2008
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