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Stanard departs RenRe over earnings restatement investigation
RenaissanceRe CEO and chairman James Stanard has resigned over the ongoing investigations into the troubled reinsurer’s earnings restatement, the company revealed late yesterday (1 November).
02 November 2005
Munich Re EUR2.7bn record profit driven by investment gains
Reinsurer considers share buybacks as capital surplus grows Strong investment performance enabled German giant Munich Re to shrug off it...
16 March 2006
Munich Re fights back at downgrades, but continues to disappoint
Giant German reinsurer Munich Re has rallied against rating agency Standard & Poor’s (S&P) after being downgraded from AA- to A+ with a stable outlook. In a statement, the world’s largest reinsurer by premium described the move as “unjustified” and founde
01 September 2003
White Mountains buys Sirius at under book value
Bermudian based White Mountains Insurance Group Ltd agreed to buy Swedish (re)insurer Sirius Insurance earlier this month, as first revealed in The Insurance Insider's 10 November edition of its sister publication Insider Week.
09 August 2005
Novae continues to explore run-off options
Lloyd's insurer continues to mull options despite ending exclusive Enstar talks.
07 May 2010
Ivan's fury fuels energy renewals
There is increasing evidence that energy renewals have been hard hit by Hurricane Ivan, the Category 5 hurricane that ripped through the Caribbean and Florida in September 2004.
01 January 2005
Analysts bullish on Chaucer prospects
Shares in Chaucer Holdings plc were up almost 6 percent to 99p in trading this morning (19 March) as the Lloyd’s insurer impressed analysts with record pre-tax profits of £86mn and return of equity (ROE) of 37.7 percent.
19 March 2007
Beazley to report in US dollars
Lloyd's (re)insurer Beazley Group has announced that it will change its reporting currency from sterling to US dollars from 2010.
13 April 2010
Connecticut MSA subpoenas gather pace; Hartford underwriters fired
As the fallout of New York attorney general Eliot Spitzer’s investigation into contingent commissions gathers pace, it emerged last Friday (12 November) that Connecticut’s attorney general Richard Blumenthal has now issued subpoenas to 42 insurers and ins
15 November 2004
Mission liquidation yields additional $121mn
The liquidated estate of US workers' compensation insurers Mission Insurance Companies yielded a further $121mn for policyholders, bringing the total amount distributed to approximately $1.5bn.
13 January 2009
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