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Investment gains outweigh cat losses at Fairfax
Fairfax Financial Holdings booked net earnings of $290mn in Q1, despite $182mn cat losses driving its overall combined ratio to 112 percent, as the firm's investment performance came to the rescue.
30 April 2010
Willis in talks over Gras Savoye stake sale
Willis Group Holdings confirmed it is in discussions over selling a portion of its interest in privately held French broker Gras Savoye & Cie.
18 June 2009
UK Islamic insurer launches as Salaam Halal
Britain's first dedicated Muslim insurance group, Principle Insurance Company Ltd has officially launched offering motor cover and trading as Salaam Halal.
28 July 2008
Texas wildfire losses could hit $250mn
Total insured losses for the wildfires that have plagued Texas since the Labor Day weekend could hit $250mn, according to the Insurance Council of Texas.
19 September 2011
ACE reports record income despite $80mn settlement charge
Bermudian reinsurance ACE Ltd has announced a record net income of $489mn for the first quarter of 2006 despite an $80mn charge to cover an imminent settlement with regulators.
26 April 2006
Rubicon Corp forced to call in administrators
The UK insurance outsourcing company Rubicon Corporation has appointed Kroll Corporate Advisory & Restructuring Group as administrators after experiencing trading difficulties. Established in late 2000 by the former chief executive...
30 January 2006
Nat cats push Scor’s Q1 combined ratio over 108%
Scor's first quarter property and casualty (P&C) combined ratio deteriorated to 108.6 percent from 99.4 percent over the same period last year, following large losses from the Chilean earthquake and Windstorm Xynthia.
28 April 2010
Lehman cat bonds remain 'vulnerable'
Ratings agency Standard & Poor's (S&P) affirmed its junk ratings on three cat bonds affected by the collapse of Lehman Brothers after their total return swaps were terminated and the scheduled 15 December interest payments were met.
13 January 2009
Catlin takes $60mn hit from Rita
Lloyd's insurer Catlin announced on 19 October that it expects to be hit with estimated net losses of $60mn from the damage caused by Hurricane Rita. The group's gross loss estimate for Rita is $90mn with the insurer expecting to receive $30mn from...
24 October 2005
Piracy warning for Horn of Africa
Shipowners were warned last week about the growing threat of piracy around the Horn of Africa.
25 June 2007
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