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There are 68,962 results that match your search.68,962 results
  • Brit boosted by Numis upgrade: sidecar offers potential earnings upside
    Shares in Lloyd's insurer Brit Insurance Holdings plc climbed to 98.5 pence on 18 April following an upgrade to BUY from analyst and house broker Numis Securities. In a research note, Numis analyst Nicholas Johnson said: "Brit's shares enjoyed a...
    24 April 2006
  • Fortress Re founder dies
    Maurice Sabbah, a co-founder of the controversial aviation reinsurance pool Fortress Re, died last week at the age of 77. Sabbah, together with the colourful Kenny Kornfeld, became a dominant force in aviation reinsurance through its North-Carolina...
    24 April 2006
  • Allstate first quarter income up 26 percent
    America's second largest personal line insurer, Allstate reported a 26 percent jump in its first quarter profits on 18 April. Net income totalled $1.42bn, or $2.19 per share, for the first three months of 2006, up from $1.12bn, or $1.64 per share...
    24 April 2006
  • Rivera joins Fox at Praetorian
    Susan Rivera, one of Eliot Spitzer's biggest scalps when she resigned as head of ACE Group's US property & casualty operations last year, has returned to the industry as president of the Hannover Re Group's rebranded US specialty operations, Praetorian...
    24 April 2006
  • JP Morgan settles IPO case for $425mn
    Investment bank JP Morgan Chase has settled it initial public offering class action suit after agreeing in principle to pay $425mn. JP Morgan spokesman Joseph Evangelisti said an agreement had been reached in principle and that the settlement...
    24 April 2006
  • AJ Gallagher figures confirm tough broking environment
    Arthur J Gallagher was the first of the major brokers to publish its first quarter 2006 results last week - setting a scene of competitive trading conditions likely to be followed by its rivals over the next few weeks.
    24 April 2006
  • Judge rules Allstate flood exclusions are valid
    A federal judge has ruled that flood exclusions in Allstate's homeowners’ policies are "valid and enforceable" in Mississippi. Elmer and Alexa Buenta, whose home was badly damaged by tidal surge from Hurricane Katrina, sued the insurer after it...
    24 April 2006
  • AIG to sell IPC Re stake - Bermudian reinsurer to establish "independent presence"
    American International Group (AIG) is continuing to divest its interest in reinsurers it helped found, with the US giant putting its 24.2 percent stake in Bermudian IPC Re up for sale last week. AIG launched the cat reinsurance specialist in 1993...
    24 April 2006
  • Contingent capital interest blossoms with new initiatives
    The post-Katrina love affair between the capital markets and reinsurance continues to blossom with news that Benfield Group is collaborating with Merrill Lynch to provide a catastrophe bond scheme for reinsurance buyers. Although the announcement...
    24 April 2006
  • CV Starr hires executive vice president
    CV Starr & Co (California), a subsidiary of Hank Greenberg's CV Starr, has hired former AIG executive Jeffrey Hafter as executive vice president in charge of developing the East Coast operations under the agency's Pacific Starr of New York, Inc. entity.
    24 April 2006
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