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There are 68,796 results that match your search.68,796 results
  • Bail bond syndicate increases loss estimates
    Heritage’s Syndicate 1245 is now predicting a loss of 52 percent capacity on its 2002 underwriting year. The Lloyd’s insurer decided last year to keep the syndicate open because of uncertainties relating to its controversial US bail bond losses.
    27 March 2006
  • Hannover Re may avoid retro markets over heavy cost
    Hannover Re may decide not to buy catastrophe protection from the traditional retrocessional markets because of the high cost, warned the reinsurer’s chief executive Wilhelm Zeller last week. The retro market is now “damned expensive”...
    27 March 2006
  • Limit to form new aviation syndicate after poaching Allianz chief
    Allianz’s head of UK aviation business, Emilio Di Silvio, has parted company with the insurance giant, and is set to head a new aviation syndicate at QBE’s Limit. Di Silvio – who has more than 29 years of aviation underwriting experience – resigned...
    27 March 2006
  • Lancashire relieved as AM Best affirms A- rating
    Class of 2005 start-up Lancashire Holdings Ltd passed a potentially difficult test last week when rating agency AM Best affirmed its A- financial strength rating. The rating agency placed Lancashire’s ratings under review with negative implications...
    27 March 2006
  • Cargo valued at over $300mn on Hyundai Fortune
    The hi-tech cargo of the Hyundai Fortune, a ship that caught fire in the Gulf of Aden last week, has been estimated at upwards of $300mn by broker Aon. An explosion on 21 March ripped a hole in the side of the vessel, blew between 60-90 cargo...
    27 March 2006
  • New head of global marketing at MMC
    Giant insurance broker Marsh & McLennan Companies (MMC) has appointed James Speros as chief marketing officer and senior vice president. Speros will be responsible for MMC’s global marketing and communications strategies supporting MMC’s business...
    27 March 2006
  • Independent CEO faces 2007 fraud trial
    Michael Bright, the colourful founder of collapsed UK insurer Independent Insurance, will face trial on charges of conspiracy to defraud at a trial starting after Easter 2007, a preliminary hearing at Southwark Crown Court heard today (24 March).
    24 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.
    23 March 2006
  • Hannover Re reveals small profit despite EUR800mn KRW bill
    A EUR1bn bill from last year’s natural catastrophes – including almost EUR800mn from Hurricanes Katrina, Rita and Wilma (KRW) – dragged Hannover Re’s net income down from 2004’s 279.9mn to EUR49.3mn.
    23 March 2006
  • Fairfax shares slump after more SEC subpoenas
    Shares in Canadian combine Fairfax Financial Holdings have dropped almost 15 percent percent on the New York Stock Exchange (NYSE) today (22 March).
    22 March 2006
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