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ZFS beats consensus despite $500mn asbestos boost
Insurance giant Zurich Financial Services revealed a near trebling of its third quarter profit last week but analysts were surprised by a $500mn UK asbestos reserves boost with the firm blaming an "uptick" in claims trend.
20 November 2006
Aon lifts on continuing bid speculation
Last month, Aon confirmed finance chief David Bolger would step down, but it was the continuing suggestions of private equity interest which hogged most of the attention.
11 June 2007
Scor closes Transamerica deal
Scor has closed its $912.5mn acquisition of the mortality portfolio of Aegon's life reinsurance subsidiary Transamerica Re after receiving regulatory approval for the deal.
10 August 2011
Atrium improves 2004 forecast
Atrium Underwriting became the latest Lloyd’s (re)insurer to release an upbeat trading statement on 7 December, including an improvement on its 2004 year of account.
11 December 2006
First Singapore Scheme closed
Insurance services company Whittington has overseen the first successful scheme of arrangement for a Singapore-based insurance company, with the closure of Lion City Run-Off Private Ltd.
28 August 2007
Marine/energy (re)insurers face $1bn Sempra Energy claims
Marine/energy (re)insurers face losses that could mount to $1bn as US homeowner insurers look to subrogate claims arising out of last October's California wildfires.
08 September 2008
AIG faces Transatlantic claim tied to $350mn+ losses
Transatlantic Holdings has filed for arbitration against former parent American International Group (AIG) over losses "in excess of $350mn" stemming from securities lending.
28 May 2010
Swiss Re Europe receives AA-
Swiss Re’s newly formed Luxembourg hub has received an AA- rating by Standard & Poor’s.
10 September 2007
Advisen targets London with Web Connectivity tie-up
Market information and analysis firm Advisen Ltd has teamed up with XML messaging specialist Web Connectivity Ltd in a combined offering it says will increase transparency and efficiency in the London market.
29 September 2006
Inside News
AIG departure ignites speculation The succession issue at AIG, the uberinsurer dominated by the patriarchal presence of the 75-year-old Hank Greenberg, is taking on Elizabethan proportions.
01 October 2000
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