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There are 68,963 results that match your search.68,963 results
  • MMC blames Marsh for poor performance
    Marsh & McLennan Companies, Inc (MMC) roundly disappointed analysts and investors with a slump in third quarter profits from continuing operations to $80mn compared to $130mn in the prior-year period.
    09 November 2007
  • AIG earnings down; takes sub-prime charge
    Insurance giant American International Group (AIG) reported operating results for the third quarter below analysts' expectations, compounded by losses in its AIG Financial Products (AIGFP) division, which suffered a $352mn pre-tax charge on credit default
    08 November 2007
  • MMC blames Marsh for profit slump
    Marsh & McLennan Companies, Inc (MMC) suffered a slump in its third quarter profits from its continuing operations, which fell to $80mn from $133mn in the prior-year period, the company reported today (8 November).
    08 November 2007
  • Townsend defends Xchanging ‘partnership’
    Roger Townsend, executive director of Xchanging Insurance Services (XIS), has dismissed market accusations that it is taking advantage of a monopoly over the market.
    08 November 2007
  • First German reinsurance run-off transfers to UK following EU directive
    In the first transaction of its kind following Germany’s implementation of the EU Reinsurance Directive, Deutsche Rückversicherung AG (Deutsche Rück) has transferred all of its run-off business to its UK-based subsidiary.
    08 November 2007
  • Allianz confirms 10 percent stake in broker consolidator Oval
    Allianz continued its strategic stake-building in the UK distribution chain this month, with confirmation that it has acquired a 10 percent minority share of Yorkshire-based broker The Oval Group, as predicted by The Insurance Insider in September.
    07 November 2007
  • Allianz issues European windstorm cat bonds
    German insurance giant Allianz SE has issued EUR155mn and $65mn of European windstorm cat bonds through a newly created EUR1bn shelf vehicle, Blue Fin Ltd, as predicted by The Insurance Insider last month.
    07 November 2007
  • Validus top and bottom line surges on Talbot deal
    Bermudian Validus Holdings Ltd almost doubled third quarter profits from $69.7mn to $136.5mn year-on-year as it reported its first set of results reflecting the July acquisition of Talbot Underwriting.
    06 November 2007
  • Kamp Re moves closer to default
    Kamp Re 2005, Zurich Financial Services' (ZFS) catastrophe bond, hit by losses from Hurricane Katrina soon after its launch, is due to be tested within the next month, after the bond's administrators finally filed a proof of claim notice on 30 October.
    06 November 2007
  • Swiss Re shares up on strong earnings
    European giant Swiss Re has forced analysts to backtrack on their earnings forecasts after its net income came in well ahead of predictions.
    06 November 2007
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