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There are 68,806 results that match your search.68,806 results
  • Von Bomhard calls for end to cross ownership
    Munich Re chief executive Nikolaus von Bomhard has said the industry will not end the problems over its reputation while brokers and carriers continue to own significant stakes in each other. Dr von Bomhard said brokers could not say they were...
    23 February 2006
  • Levene rails against US ‘protectionism’
    Lloyd’s chairman Lord Peter Levene branded the US reinsurance collateral system “protectionism” as senior European reinsurance leaders hit out at inaction over scrapping the requirement for so-called “alien” reinsurers to fully collateralise US...
    22 February 2006
  • Aon heads to Docklands
    Giant broker Aon has today revealed plans to leave the City for Docklands, with talks ongoing for a new London office at Canary Wharf. The firm said it was in exclusive negotiations with Canary Wharf Group plc, and is seeking around...
    22 February 2006
  • Atrium give upbeat trading statement
    Lloyd’s insurer Atrium Underwriting gave an upbeat trading statement on 16 February with a mix of good results, lower storm loss estimates and predictions of positive conditions for the year ahead. Results exceeded forecasts for 2003, with a...
    20 February 2006
  • Converium ‘very satisfied’ with renewals
    Swiss reinsurer Converium is the latest company to report on the January renewal season, pronouncing itself “very satisfied” despite a 3 percent decline in non-life premium volume. During the January renewal season the company wrote...
    20 February 2006
  • ARIG report record profits
    Arab Insurance Group (ARIG) reported an 82 percent rise in net profits last year to a record of $48.2mn, up from $26.5mn in 2004. The record profit represents a 19.5 percent return on average shareholders’ equity, with the board of directors...
    20 February 2006
  • CNA falls to Q4 loss
    Chicago-based insurer CNA Financial posted a fourth quarter net loss of $217mn, or 92 cents per share, down from a net profit of $303mn, or $1.11 per share, in 2004. The company was hit by $223mn in commuted reinsurance contracts and...
    20 February 2006
  • Transatlantic scrapes 2005 net profit
    Transatlantic Holdings, the parent of Transatlantic Re, has announced 2005 net profits of $37.9mn, down from $254.6mn in 2004 after booking a fourth quarter net profit of $13.5mn, compared to $98.9mn in the prior-year period. Like many of its peers...
    20 February 2006
  • Arch rises above with Q4 profit increase
    Arch Capital was one of the few Bermudian (re)insurers to book a 2005 fourth quarter profit as it shrugged off relatively light hurricane losses and reported net profits of $100.9mn, or $1.34 a share – and increase on the $107.1mn or $1.45 a share...
    20 February 2006
  • Montpelier reports record loss; looks to the future
    Montpelier Re – one of the (re)insurers worst hit by last autumn’s storms – has reported a 2005 net loss of $752.9mn, or $10.49 a share, dramatically reversing the $240.3mn or $10.92 a share net profit made in the previous year.
    20 February 2006
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