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Cat modellers disagree over Emma
The major catastrophe modelling agencies are again disagreeing over the size of losses arising from an event with estimates of insured losses from European Windstorm Emma varying between EUR300mn and EUR1.3bn.
10 March 2008
Profits slip at Enstar
Listed Bermudian run-off firm Enstar Group Ltd reported a drop in its full-year profits last year despite seeing its asset base grow by a third through acquisitions.
10 March 2008
Ambac disappoints with $1.5bn capital raise
Ambac Assurance Corp, one of the monoline insurance sector's giants, lost 17 percent of its stock market value last week after revealing a $1.5bn recapitalisation plan that disappointed investors hoping for a bigger rescue effort.
10 March 2008
JLT grows top line and boosts 2007 profit
Jardine Lloyd Thompson Group plc's (JLT) 2007 results were welcomed by analysts last week as a sign the firm may have turned the corner following recent restructurings and investments in its trading operations.
10 March 2008
Chaucer motors through soft market
Lloyd's insurer Chaucer Holdings plc will continue to target improving conditions in UK motor as it looks to realign its book in the face of softening in other lines of business.
10 March 2008
Lehman Bros recruits former Marsh exec
Stephen Matanle, the long-standing Marsh executive who left the firm last month as part of a widespread restructuring, has joined Libero Ventures Ltd, the new Lehman Brothers subsidiary.
10 March 2008
US expansion fears hit QBE shares
Shares in Australian (re)insurer QBE Group slumped after the company missed analyst profit estimates for 2007, raising questions over its rapid expansion strategy.
10 March 2008
Lloyd's insurers feast at last supper
Full-year results from early reporting Lloyd's insurers yielded bumper profits that were tempered by soft market warnings and cycle management strategies.
10 March 2008
Finite trial: guilty verdicts
A US jury has returned a verdict of guilty on all counts in the trial of Gen Re and American International Group (AIG) executives over a sham $500mn finite reinsurance contract between the two companies.
10 March 2008
Brit results hit by £62.5mn sub-prime reserving
UK insurer Brit Insurance Holdings has posted £62.5mn of net reserves for sub-prime related liability claims, it revealed in its 2007 results this morning that saw pre-tax profits and return on equity beat the previous year's figures.
10 March 2008
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