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  • Munich Re, the world’s second largest reinsurer, raised its full year earnings forecast and announced its first ever share buy-back today (7 November) as it became the latest industry carrier to benefit from the benign claims season.
  • Willis Group Holdings has expanded its energy division by raiding rival Marsh Inc to appoint two senior executives to its New York based team.
  • Axis Capital reported strong third quarter earnings of $226.2mn last week but founding chief executive John Charman used the opportunity to warn over “irrational and unmonitored competition” which is fuelling downward pricing pressures in a number of...
  • An “outstanding year” to date in its property & casualty operations contributed to investment conglomerate Berkshire Hathaway reporting third quarter net earnings of $2.77bn on Friday (3 November)...
  • Liquidators for failed Australian insurance company HIH have been given the go-head to sue Lloyd’s Limit Syndicate 386 for Aus$54mn.
  • Helix UK Ltd, the claims management firm owned by broking group SBJ Ltd, announced last week that it has won a new account from Duncanson & Holt Syndicate Management Ltd.
  • The 1,700 policyholders who bought insurance from the unauthorised insurer CIC will receive compensation following a UK High Court decision last week.
  • Adam Golder, chief executive of fine art insurance specialist AXA Art UK, is to leave the company at the end of the year, Insider Week can reveal.
  • Hiscox will depend on up to £87.5mn of qualifying quota share capacity next year as its flagship Lloyd’s Syndicate 33 expands to a record size of £962.5mn, according to a business plan submitted to Lloyd’s.
  • Marsh Inc’s chief executive Brian Storms has parted company with another senior executive following the announcement last week that the broking giant was to make its President William (Bill) Malloy redundant.