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  • The protracted reform of the National Flood Insurance Program could face further delays due to the Senate's current legislative timetable.
  • SCOR will acquire one of the last trading arms of the defunct Alea Group after announcing last Thursday (8 December) that it has agreed terms for the renewal rights of Alea Europe AG.
  • Canopius has become the latest Lloyd's insurer to reveal plans to reduce its capacity limit next year, following recent announcements from Hiscox plc and Kiln plc.
  • US insurer St Paul Travelers on 27 July reported a dip in net income which fell to $970mn, or $1.40 per basic share, for the second quarter compared to $1.069bn, or $1.59 per basic share in the prior-year period.
  • Chinese insurer PICC Property & Casualty Company aims to raise HK$6.14bn ($787mn) from a rights issue which is being supported by cornerstone shareholder American International Group (AIG).
  • US giant American International Group (AIG) and CV Starr, the managing agency controlled by its former chairman and CEO Maurice “Hank” Greenberg, have settled the legal disputes stemming from the termination of their business relationship.
  • American International Group (AIG) has cancelled its deferred compensation programmes as it looks to remove incentives for staff to leave.
  • Plummeting rates during last year's airline renewals have left the market close to its "burning cost" where it could struggle to turn a profit.
  • Few of the 34,000 Lloyd’s Names who reinsured themselves into Equitas in 1996 probably thought it would happen, but it is now possible they will receive a small windfall following Friday’s (20 October) transaction with Berkshire Hathaway.
  • Ambitious Lloyd’s listed insurer Chaucer Holdings said it plans to double its current underwriting capacity by the time the next sector cycle peaks, as it reported a positive start to the year in its latest trading statement, released to the London Stock