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XL almost trebles net income with clean quarter
Bermudian giant XL Capital reported on 26 July that it had almost trebled its second quarter net income to $377.1mn, up from $135.9mn in the prior-year period.
31 July 2006
ARC makes additions to board
The Association of Run-Off Companies (ARC) has announced a number of changes to its board adding three new appointments while its deputy chairman, Peter Abbott, has stepped down.
23 July 2007
FSA reports on "better regulation" and costs
The Financial Service Authority (FSA) published reports last week on "better regulation" and the associated costs as it seeks to improve and streamline its activities.
03 July 2006
FSA reprieved by UK coalition
The Conservative Party has abandoned immediate plans to abolish the UK regulator the Financial Services Authority (FSA) as a concession to its coalition partners the Liberal Democrats.
20 May 2010
Scottish Re shares crash as takeover talk stalls
Scottish Re, the beleaguered Bermudian life reinsurer, lost almost half its value as its shares crashed last week.
13 November 2006
NAIC adopts reinsurance collateral framework
The National Association of Insurance Commissioners (NAIC) finally adopted its Reinsurance Regulatory Modernisation Framework Proposal (RMFP) on 7 December in a long-awaited move which will overhaul the US' current state-based regulation of alien reinsure
15 December 2008
Greenberg wins right to see AIG documents
American International Group (AIG) is to turn over internal documents to Maurice “Hank” Greenberg after a judge ruled in favour of the US giant’s former chairman and CEO.
09 October 2006
Central Fund exposed to giant Aon energy claim
Losses from the collapsed Aon 77 energy lineslip to be contested in the High Court with the Central Fund and Aon’s E&O insurers exposed to outcome Lloyd's Central Fund may be forced to pick up the losses from Aon's collapsed energy lineslip regardless
01 November 2002
Caledonia exits Novae
Edinburgh-headquartered investment trust Caledonia exited from its holding in listed Lloyd's insurer Novae last month.
03 January 2012
XL takes unexpected $200mn WTC charge
XL Capital’s share price fell 12 percent after the insurer announced an unexpected $200 mn charge for additions to its 11 September reserves and a $120 million charge for bond writedowns for WorldCom, Adelphia and other telecommunications companies.
01 July 2002
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