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There are 68,796 results that match your search.68,796 results
  • Investment income boosts SCOR profits
    Strong investment income helped French reinsurer SCOR continue its recovery as it recorded a 22 percent increase in 2005 operating profits to EUR242mn, along with a 75 percent increase in net profit to EUR131mn. However, the legacy of the past...
    27 March 2006
  • Wellington: reinsurance costs rise
    Wellington Underwriting plc says its reinsurance costs have risen substantially after restructuring its programme following Hurricane Katrina last year. The Lloyd’s insurer posted a full-year pre-tax loss of £26.2mn for 2005 as the devastating storm...
    27 March 2006
  • Talbot upbeat on prospects despite 2005 loss
    Lloyd’s insurer Talbot Underwriting Ltd shrugged off a £3.8mn loss for 2005 with a focus on the strong trading conditions it is currently experiencing. According to the insurer – which underwrites through Syndicate 1183 – it has experienced average...
    27 March 2006
  • Bird-Flu to hit life (re)insurers hardest – Fitch
    Fitch Ratings has predicted that a bird-flu pandemic would hit life insurers and their reinsurers hardest, although the rating agency said it did not believe this would lead to a widespread downgrading of (re)insurers.
    27 March 2006
  • RMS increases hurricane forecasts
    As widely expected, catastrophe modelling firm Risk Management Services (RMS) has increased the activity predicted by its hurricane loss models by 40 percent for Florida and the Gulf Coast. The company has also increased the modelled annualised...
    27 March 2006
  • HCC appoints Molbeck as President and COO
    HCC Insurance Holdings’ executive John Molbeck – who returned to the insurer last year after a stint with Jardine Lloyd Thompson’s US arm – will become the company’s new president and chief operating officer. The insurer’s founder Stephen Way will...
    27 March 2006
  • RenRe promotes Curtis
    Bermudian reinsurer RenaissanceRe has promoted Ross Curtis to senior vice president of its catastrophe reinsurance unit. Curtis has been with the company since 1999, when he joined as a catastrophe reinsurance analyst, and is involved in the...
    27 March 2006
  • Fairfax shares hit after SEC subpoenas
    Shares in Canadian combine Fairfax Financial Holdings dropped almost 15 percent on the New York Stock Exchange (NYSE) on 22 March. The slump occurred after Fairfax – which owns a number of insurance companies including reinsurer Odyssey Re...
    27 March 2006
  • 2005 underwriting loss for US reinurers
    A group of hard-hit US reinsurers suffered over $7bn in collective underwriting losses during 2005 after hurricanes Katrina, Rita and Wilma (KRW) added 23.2 points to the sector’s combined ratio, according to the Reinsurance Association of America (RAA).
    27 March 2006
  • Hardy profits from underwriting
    Lloyd’s insurer Hardy bucked the trend of underwriting losses when it reported profits of £7.5mn for 2005 on 22 March, underpinned by a positive underwriting result of £6.3mn. Despite the 17.8 percent increase on the previous year’s underwriting...
    27 March 2006
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