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Munich Re moves on $20bn offshore energy consortium amid profit upgrade
Munich Re has confirmed it will push ahead with ambitious plans to form a $20bn liability limit offshore energy consortium with global brokers, as it unveiled a 2010 profit forecast upgrade following a strong third-quarter performance.
15 November 2010
Allianz has 10 percent share of Madrid crash
Allianz has a 10 percent share of the slip for the Spanair McDonnell Douglas MD-82 that crashed at Madrid airport on Wednesday, claiming 153 lives.
22 August 2008
Price Forbes to launch in Bermuda
Independent UK broker Price Forbes & Partners is planning to launch in Bermuda in the second quarter of this year.
23 April 2008
Hannover Re establishes life reinsurer in Bermuda
German giant Hannover Re has established a new life reinsurance subsidiary in Bermuda, the firm announced last week.
29 October 2007
Hurricanes deliver heavy Everest loss
Everest Re became the first of the Bermudians to roll out fourth quarter results, revealing on 30 January a $185.8mn, or $3.01 a share after-tax operating loss – a dramatic reversal of the $94.7mn, or $1.66 a share operating profit recorded in...
06 February 2006
Consolidation still on the agenda
Perhaps it’s a sign of the impending silly season, but talk is reverting to consolidation. Even the hard-pressed Lloyd’s vehicles are showing signs of life in the wake of QBE’s Limit purchase...
01 August 2000
XL books unexpected Q4 profit on strong underwriting
XL Group added to the list of (re)insurers confounding Wall Street expectations as it turned a $0.13 a share operating profit when analysts' consensus signaled a $0.35 operating loss.
08 February 2013
Reinsurance brokers locked in bitter patent dispute
Aon Benfield, Guy Carpenter and Holborn are locked in a patent dispute over the proprietary catastrophe modelling software that the reinsurance brokers make available to their clients
07 December 2011
BP accuses Halliburton of destroying Deepwater evidence
BP has accused Halliburton of destroying evidence that showed the oil-field services giant should share part of the blame for the 2010 Gulf of Mexico oil spill
07 December 2011
Eckert becomes non-exec at Gallagher International
Brit Insurance founder Neil Eckert has been appointed to the board of Arthur J Gallagher International as a non-executive director.
13 December 2012
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