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Spitzer predicts federal regulation; BIBA hits out at AIRMIC over Spitzer fallout
New York attorney general Eliot Spitzer said last Friday (12 November) that he expects the federal government to supercede states in the regulation of insurance companies, as he dismissed the current system as a failure.
15 November 2004
Argo looking to recruit new Lloyd’s underwriting team
Argo Managing Agency is attempting to lure an underwriting team that would be "expected to write a material amount of premium".
06 September 2010
SCOR continues to grow
SCOR reported a 24.3 percent rise in half-year net profits as last year's Converium acquisition continues to fuel the reinsurer's results.
01 September 2008
Omega Names buyout offer 'opportunistic masterstroke'
Market experts have described Lloyd's underwriter Omega's £50mn-£125mn offer to buy-out Names' capacity on its flagship Syndicate 958 as a shrewd move to utilise its excess capital.
08 June 2009
AIG writes off $1.32bn in profits
After multiple delays, under-fire insurer AIG has announced today that it has finally filed its 2004 Form 10-K with the Securities and Exchange Commission (SEC). The insurance giant, which was forced to restate its accounts in the wake of the SEC...
31 May 2005
Quanta makes maiden year loss
Bermuda’s youngest post-9/11 start-up reported a maiden set of full-year results blighted by hurricane losses that led to a net loss of $54.6mn, or $0.96 a share for 2004.
21 March 2005
Swiss Re: 2006 cats cost industry just $15bn
After last year’s record catastrophe insured losses of more than $100bn, the benign conditions of 2005 look like costing the (re)insurance industry just $15bn in losses from natural and man-made catastrophes, according to preliminary figures from Swiss Re
20 December 2006
Wade remains hopeful on Tiger Re
Michael Wade continues to look at options for the proposed reinsurance venture, Tiger Re that, if successful, could see the veteran Lloyd’s figure return once again to the London market.
14 August 2006
Ryan’s runaways can work as CRC pursues legal fight in Chicago
The 120-plus staff that walked from CRC Insurance Services to join Ryan Specialty Group (RSG) can work for the Pat Ryan start-up while the legal battle between the two firms rages.
28 June 2010
Dewey & LeBeouf opens Dubai office
Recently merged New York law firm Dewey & LeBoeuf LLP has opened an office in Dubai, with a primary focus on corporate finance.
14 January 2008
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