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Energy overview highlights effect of ‘classic soft market’
Broker Willis has pointed to a continued weakening of rates in its latest overview of the world energy market.
20 June 2005
Travelers lifts full-year guidance as Verisk windfall boost results
New York-listed US and international specialty P&C insurer Travelers reported a 9.6 percent year-on-year rise in pre-tax net income for the third quarter to $1.005bn
22 October 2010
Navigators takes $9.2mn Deepwater charge
Navigators Group will take a 2010 fourth quarter charge of approximately $9.2mn after tax, the New York-headquartered firm revealed last week.
24 January 2011
Canadian breakthrough for Cavell scheme
The widening scope of schemes of arrangement was extended further last month as a Canadian court upheld its approval of a scheme promoted by run-off manager Cavell, despite last minute attempts to derail the process by Canadian policyholders.
17 March 2005
Aon ends speculation with Mahoney contract extension: comment
Aon Ltd has become so synonymous with Dennis Mahoney - effectively the chief executive of its London operations since 1984 - that until recently it was difficult to imagine the two apart.
17 July 2006
QBE buys marine insurer
Australian insurer QBE signed an agreement on 27 September for the acquisition of specialist insurer British Marine for an expected purchase price of $204mn. The purchase price will be close to 1.7 times the firm’s net tangible assets, which are...
03 October 2005
EUR700mn insurance hit from French floods
The fatal flash foods that struck southern France on 15 June, killing 25 people, are set to cost insurers nearly EUR700mn, according to estimates from the French federation of insurance companies (FFSA).
25 June 2010
AIG sues Greenberg over 'misappropriation' of shares
American International Group has filed a lawsuit against its former CEO and chairman Maurice "Hank" Greenberg as part of its long-running legal battle over ownership of shares in the US giant.
31 March 2008
Investments drive Novae profits leap
Lloyd's insurer Novae Group plc's investment performance has helped the firm beat analysts' forecasts and post a 22 percent improvement in its first half pre-tax profits.
17 September 2007
Generali and PPF join forces in EUR5.1bn C/E Europe deal
Italian insurer Generali and Czech financial services company PPF Group NV have set up a central and eastern European joint venture with combined assets of EUR5.1bn that creates the region’s biggest insurer.
16 July 2007
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