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Guy Carpenter launches London Market e-claims
Reinsurance broker Guy Carpenter has launched its Electronic Claims File (ECF) initiative for London Market reinsurers.
08 May 2006
Earnings up at Fairfax
Canadian combine Fairfax Financial Holdings reported first quarter earning of $172.1mn, or $9.47 per share, up from $35.2mn, or $2.03 a share for the prior year period.
08 May 2006
Aon shares fall after missing analysts' expectations
Some of the aura attached to Aon Corp's impressive share price performance in the last year was undone last week after the broking giant narrowly missed analysts' earnings estimates in its first quarter results.
08 May 2006
PXRE deluged by shareholder lawsuits
Troubled Bermudian reinsurer PXRE Group Ltd has been deluged by shareholder suits alleging that the company misled investors by hiding the full impact of last autumn's hurricanes in its initial loss estimates.
08 May 2006
Underwriting key to cat exposure management, says panel
Last autumn's record hurricane losses have spurred a sea change in approaches to underwriting catastrophe risk and the use of modelling techniques, said panellists at a market briefing hosted by The Insurance Insider in London last Friday (5 May).
08 May 2006
Room bought by Indian IT firm
London market IT provider Room Solutions has been bought out by the Indian headquartered company NIIT Technologies Limited (NIIT). In an announcement today (8 May), the company said NIIT has taken a majority shareholding in the company "with a view...
08 May 2006
LMA sparks war of words over broker remuneration
The trade association for Lloyd's insurers was accused of a "thinly veiled attempt to reduce London brokerage levels" last week as the war of words over broker remuneration broke out once again.
08 May 2006
Armenian Airbus underwritten in London
The Armenian Airbus that crashed into the Black Sea on 3 May was insured in the London Market by Lloyd's MSF Pritchard Syndicate 318.
08 May 2006
MMC profits on falling revenues
MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company's first quarter results on 3 May, but it was also apparent that the global brokers are still operating in a brutally tough trading environment.
08 May 2006
Beazley Exec calls for changes over catastrophe underwriting
Beazley Group plc's head of property Jonathan Gray has called for a back to basics approach to catastrophe underwriting last week, advising underwriters to rely more on their common sense and not to become slavishly dependent upon catastrophe models.
08 May 2006
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