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GoshawK shares suspended
GoshawK Insurance Holdings plc, the UK parent of failed Bermudian reinsurer Rosemont Re, has had its shares suspended with immediate effect today (2 May).
02 May 2006
Besso fined by FSA over fraud employee
UK regulator the Financial Services Authority (FSA) has fined Lloyd's broker Besso £20,000 for failure to apply for approval of a member of its management who had previous fraud convictions and is alleged to have gone on to commit fraud whilst at the...
02 May 2006
Besso fined £20,000 by FSA over fraud employee
UK regulator the Financial Services Authority (FSA) has fined Lloyd’s broker Besso £20,000 for failure to apply for approval of a member of its management who had previous fraud convictions and is alleged to have gone on to commit fraud whilst at the firm
28 April 2006
Insurers in $830mn Suncor BI settlement
Canadian energy company Suncor Energy Inc announced yesterday (25 April) it has agreed an $830mn settlement with insurers over business interruption (BI) claims arising from a major fire at its Oilsands facilities in northern Alberta last January.
26 April 2006
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
XL reports record quarterly income
Bermudian giant XL Capital reported record first quarter income of $405.5mn, or $2.26 per ordinary share, yesterday (25 March).
26 April 2006
Atrium profits slide 68 percent in “challenging” 2005
Lloyd’s insurer Atrium Underwriting plc today (26 April) announced pre-tax profits of £10mn for last year, 68 percent down on 2004’s record return of £31.6mn.
26 April 2006
Net income up 42 percent at IPC Re
Bermudian (re)insurer IPC Re announced on 25 March that its net income rose by over 42 percent to $62.65mn for the first quarter of 2006.
26 April 2006
Hurricane losses mount at Everest Re
Everest Re has prompted fears of more hurricane pain for reinsurers after revealing further deterioration in losses from last autumn’s storms in its first quarter results published yesterday (24 April).
25 April 2006
Net income up 34 percent at Berkley
US insurer WR Berkley yesterday (24 April) reported a 34 percent rise in its first quarter net income from $121mn last year to $162mn in 2006.
25 April 2006
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