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Novae bolstered by reserves and investments
Novae Group plc has continued its resurgence with a second consecutive year of record profits with its result bolstered by reserve releases and investment income.
17 March 2008
Jain questions viability of municipal bond insurers
The current plight of some municipal bonds is just the "tip of the iceberg" and will continue to rise, according to Berkshire Hathaway’s reinsurance chief Ajit Jain.
17 March 2008
Omega earnings soar on rapid expansion
After more than doubling net written premium and more than trebling after-tax profits in 2007, Bermuda-based Omega Insurance Holdings Ltd expects further profitable growth in 2008.
17 March 2008
Scruggs pleads guilty to bribery charge
Richard Scruggs, the lawyer who successfully fought the tobacco companies in a series of class actions, has pleaded guilty to bribing a judge.
17 March 2008
Plumeri warns of 'war for distribution'
Joe Plumeri, chairman and CEO of Willis Group Holdings has warned that brokers face a "war for distribution".
17 March 2008
Harris to succeed Taylor as Montpelier CEO
Montpelier Re Holdings Ltd has appointed Christopher Harris to succeed founding CEO Tony Taylor who is stepping down this summer.
14 March 2008
JP Morgan bails out Bear Stearns as credit crisis deepens
The future of Bear Stearns hangs in the balance after JP Morgan and the Federal Reserve Bank of New York stepped in with an emergency funding package to bail out the beleaguered investment bank.
14 March 2008
Allianz takes EUR200mn hit from Emma
German financial services giant Allianz AG's expects to take a pre-tax hit of EUR200mn following European Windstorm Emma, it revealed today (13 March).
13 March 2008
Benfield share price plummets as dollar battle continues
Benfield Group’s share price slumped in early trading today as the enervating effects of the weak dollar took its toll on the firm’s 2007 results.
13 March 2008
Omega earnings soar on rapid expansion
After more than doubling net written premium and more than trebling after-tax profits in 2007, Bermuda-based Omega Insurance Holdings Ltd expects further profitable growth in 2008.
13 March 2008
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