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Tiner warns on commissions disclosure
The prospect of mandatory disclosure of broker commissions in the UK took a step closer today following a speech by the Financial Services Authority chief executive John Tiner.
02 October 2006
Risk gap widening - Aon
The risk gap is widening for insurers who are taking less premium for more risk, leading to significant concern about sustaining their profitability levels, according to Aon’s ‘2006 European Property, Liability and D&O Report’.
16 October 2006
AXA’s strong performance boosted by Winterthur
French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.
13 August 2007
Mixed fortunes for Lloyd’s start-ups
Ark starts trading; Leinster misses 1/4 deadline on capital shortfall
05 April 2007
$65bn in 2012 nat cat and man-made insured losses
Superstorm Sandy has added an estimated $20bn-$25bn to the 2012 insured loss tally, taking total losses from natural catastrophes and man-made disasters to around $65bn, according to research from Swiss Re's research arm, Sigma.
19 December 2012
SCA junk downgrade to ‘weigh on’ XL shares
Fitch Ratings move to downgrade ratings on Security Capital Assurance Ltd (SCA) and its bond and financial guarantee (re)insurance subsidiaries to junk bond status may weigh on affiliated Bermudian (re)insurer XL Capital, according to analysts.
27 March 2008
PartnerRe profit slides on cats and writedowns
PartnerRe has reported a slump in Q4 net profits as investment writedowns combined with catastrophe losses to hit its bottom line
08 February 2011
Aspen in $275mn preferred stock re-fi
Bermudian (re)insurer Aspen has announced it will convert 4.6 million of perpetual preferred stock and issue preference shares in a refinancing operation
26 April 2013
Lloyd's and London unprepared for regulation
A survey of London and Lloyd’s CEOs has revealed that the London market may not be ready for increasing regulation under the FSA, the plans for which will be announced tomorrow (24 January, 2004).
17 March 2005
Zurich targets $500mn global cat umbrella
Zurich Insurance Group is restructuring its catastrophe reinsurance cover as it looks poised to become the latest cedant to bulk up its global cover after narrowing its specific European and US programmes
06 March 2013
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