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Swiss Re faces $750mn loss from Rita and Wilma
Reinsurance giant Swiss Re confirmed it will not make its earnings target this year as it faces claims of $750mn from hurricanes Rita and Wilma. The company said today (2 November) that while its over-the-cycle target of 10 percent earnings growth...
02 November 2005
Endurance CRO and chief actuary Angelina steps down
Endurance Specialty Holdings is in the hunt for a new chief risk officer and chief actuary after revealing that Michael Angelina is retiring from the dual role later this month to take up an academic position.
03 April 2012
MMC reports sluggish broking revenues
Marsh & McLennan Companies Inc (MMC) reported slow second quarter revenue growth in its broking division as new business wins were offset by the softening commercial (re)insurance market.
07 August 2007
Tornadoes biggest component of Platinum’s $25mn Q1 cat bill
Platinum Underwriters has notified investors that it expects net cat losses of $24.8mn from events in the first quarter of 2012.
11 April 2012
Greenberg close to $15mn SEC settlement
Former American International Group (AIG) CEO Maurice "Hank" Greenberg will pay $15mn to settle past accounting issues relating to the company, reports suggest.
06 August 2009
Greenberg committed to Lehman Bros investment
The investment vehicle of former American International Group Inc (AIG) CEO and chairman Maurice "Hank" Greenberg will continue with its planned purchase of a stake in Lehman Bros despite expected senior management changes and the posting of...
16 June 2008
Catlin to launch $240mn Newton Re II cat bond
Catlin Group Ltd is poised to launch a second Newton Re cat bond providing $240mn of natural catastrophe perils coverage.
11 February 2008
Scottish Lion scheme gets 'overwhelming' creditor support
Audley Gilroy-owned discontinued insurer Scottish Lion has applied to the Scottish Court of Session to sanction its proposed solvent scheme of arrangement after receiving “overwhelming support” from its creditors for the proposal...
13 May 2009
Munich Re beats profit target despite higher combined ratio
Munich Re beat its increased profit projections for 2007 as it booked a consolidated result of EUR3.9bn for the year, up 11.9 percent on 2006.
19 February 2008
Oxygen appoints life underwriters to agency
Oxygen, the insurance broker promoting itself as a post-Spitzer alternative to the established London market firms, has appointed a new team specialising in group life business.
09 May 2005
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