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There are 68,805 results that match your search.68,805 results
  • Wilma hits AWAC profits
    Bermudian Allied World Assurance Holdings (AWAC) announced a fourth quarter net loss of $23.9mn from last year with the company suffering an $83mn hit from Hurricane Wilma. The company’s net loss for 2005 was $159.8mn, down significantly from the...
    06 March 2006
  • Lloyd’s awaits on Bank of England to ratify new CEO
    Lloyd’s has chosen the former head of the International Petroleum Exchange (IPE) Dr Richard Ward to become the next chief executive of Lloyd’s, Insider Week can reveal. But the Society is still waiting on the Bank of England to ratify the decision...
    06 March 2006
  • Berkshire hit with $3.4bn storms bill; Buffett paves way for succession
    Warren Buffett said the cost of Hurricane Katrina and “her ugly sisters, Rita and Wilma” cost Berkshire Hathaway a total of $3.4bn last year. The investment titan revealed the extent of Berkshire’s bill in his annual letter to the company’s...
    06 March 2006
  • 2005: A record year for cat bonds
    Last year was a record year for cat bonds as the market continued to react to Hurricane Katrina, according to a new report called “The Catastrophe Bond Market at Year-End 2005: Ripple Effects from Record Storms” by reinsurance broker Guy Carpenter.
    06 March 2006
  • London market companies recognised as UK best employers
    London market (re)insurers and brokers were recognised yesterday as some of the UK’s best companies to work for, according to the annual Sunday Times survey. The medical malpractice specialist Marketform Group came 26th out of the UK’s top 100 best...
    06 March 2006
  • Foreman steps down at Wellington
    Lloyd’s insurer Wellington Underwriting plc has announced the retirement of its chief underwriting officer David Foreman in a statement to the London Stock Exchange this morning (6 March 2006). Wellington said Foreman will step down from the board...
    06 March 2006
  • Amlin impresses with record year
    Lloyd’s insurer Amlin reported last Wednesday (2 March) a record result of 25.4 percent of capacity for the 2003 year of trading on Syndicate 2001, beating the previous record of 21.7 percent on the 2002 account. The company said the result...
    06 March 2006
  • Liberty satisfied, despite fall in profits
    Boston-based insurer Liberty Mutual Group last Tuesday (1 March) reported a $312mn fall in fourth quarter net profits to $253mn, and a $218mn drop in full-year profits to $1.03bn as it took close to $1bn in 2005 hurricane losses. The company, which...
    06 March 2006
  • Hurricanes hit Swiss Re profits
    Giant reinsurer Swiss Re reported a 41 percent drop in its 2005 net income to SFr1.451bn from SFr2.475bn in the prior year, a result that reflected a tough year for reinsurers. Swiss Re absorbed SFr3bn in large natural catastrophe claims following...
    06 March 2006
  • Validus appoints CFO; preparing ground for early IPO?
    “Class of 2005” start-up Validus Holdings Ltd announced today (6 March) that former Merrill Lynch investment banker Joseph E. (Jeff) Consolino has been appointed chief financial officer and executive vice president of the company and its subsidiary...
    06 March 2006
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