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EUR700mn insurance hit from French floods
The fatal flash foods that struck southern France on 15 June, killing 25 people, are set to cost insurers nearly EUR700mn, according to estimates from the French federation of insurance companies (FFSA).
25 June 2010
Fanapi losses estimated at $0.5bn-$1bn
Asian typhoon Fanapi may cause insurable damages of between $500mn and $1bn, according to modelling firm Eqecat
27 September 2010
Validus underwriting profits slide despite reserve releases
Underwriting returns deteriorated by 46 percent to $242mn for Validus in 2010, as it felt the impact of above average catastrophe losses.
14 February 2011
ACE makes $9mn settlement in Pennsylvania
Bermudian giant ACE Ltd has made a $9mn settlement in Pennsylvania over its underwriting practices and contingent commissions.
21 May 2007
New teams spur Aspen growth
Despite a softening market, Bermuda-headquartered (re)insurer Aspen last week (28 June) announced it expects its 2005 gross written premiums to be 20 to 25 percent higher than in 2004.
04 July 2005
Quinn suitors given 16 July deadline
Macquarie Capital, which is managing the sale of troubled Quinn Insurance and sister company Quinn Healthcare, has set a 16 July deadline for expressions of interest, The Insurance Insider revealed
12 July 2010
Quinn suitors given 16 July deadline
Merchant bank Macquarie Capital, which is managing the sale of troubled Quinn Insurance and sister company Quinn Healthcare, has set a 16 July deadline for expressions of interest, The Insurance Insider can reveal.
08 July 2010
Imagine expands with $100mn fund raising
The Barbados headquartered reinsurer Imagine Group has increased its capital base to over $500mn with a $100mn private placement to institutional investors.
06 September 2004
Buffet's mea culpa
Berkshire Hathaway's insurance operations violated the ‘Noah’ rule in losing $4.1bn in 2001, according to Warren Buffet's typically folksy letter to Berkshire Hathaway's shareholders.
01 March 2002
Allied World’s 2010 profits grow
Full-year 2010 net income at Allied World rose by 10 percent to $665mn as strong reserve releases and higher realised investment gains offset a heavier claims profile.
21 February 2011
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