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There are 69,004 results that match your search.69,004 results
  • Global Markets drives record profits at Hiscox
    Bermuda-headquartered Lloyd's (re)insurer Hiscox Ltd has been propelled to a record full-year profit before tax of £237.2mn, up 18 percent, by the stellar performance of its Global Markets division.
    03 March 2008
  • AIG slumps to Q4 loss on $11.12bn CDS writedown
    Insurance giant American International Group (AIG) slumped to a fourth quarter net loss of $5.29bn after taking a staggering $11.12bn pre-tax mark-to-market loss on the super senior credit default swap (CDS) book of its financial products division AIGFP.
    29 February 2008
  • Omega syndicate rides out KRW to post 2005 profit
    Omega Insurance Holdings Ltd Lloyd’s Syndicate 958 has withstood the impact of hurricanes Katrina Wilma and Rita to post a profit for 2005, maintaining its pedigree of a pure underwriting profit in every year it has traded since its launch in 1980.
    29 February 2008
  • Willis extends Plumeri's contract; Millwater promoted
    (Re)insurance broker Willis Group Holdings has extended the contract of its chairman and CEO, Joe Plumeri, until 2011 as well as making a number of changes to its senior management.
    29 February 2008
  • Swiss Re reassures investors on sub-prime; details Berkshire Hathaway deal
    Swiss Re has reported 2007 net income down 9 percent to SFr4.2bn, as its fourth quarter figures were decimated by a previously announced SFr1.2bn writedown of credit default swaps (CDS) in November.
    29 February 2008
  • AIG shares slide on record loss; share buybacks shelved
    Shares in American International Group (AIG) slid by more than 7 percent in early trading after the insurer announced the biggest quarterly loss in its history driven by a $11.12bn pre-tax writedown in its financial products division, AIGFP.
    29 February 2008
  • Guy Carpenter ousts chief executive Spiller
    Guy Carpenter has suddenly replaced its chief executive David Spiller with Peter Zaffino, the firm's head of US treaty operations, The Insurance Insider can reveal.
    28 February 2008
  • Swiss Re hit by class action lawsuit over CDS writedowns
    US lawyers have brought a class action lawsuit against Swiss Re in connection with last November’s SFr1.2bn writedown of two credit default swap (CDS) contracts.
    28 February 2008
  • Guy Carpenter HQ returns to US
    The appointment of Peter Zaffino as CEO of Guy Carpenter and Britt Newhouse as chairman does not signify “internal problems” at the reinsurance broker, according to one analyst.
    28 February 2008
  • RSA sells legacy unit to Enstar
    RSA has sold Guildhall Insurance Company to Enstar Group in a move that continues the group's disposal of its legacy business.
    28 February 2008
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