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There are 68,955 results that match your search.68,955 results
  • AIG and AXA linked as Pru board rebuffs Aviva
    Insurance giants AIG and AXA have been linked with counter-bids for UK insurer Prudential plc following the takeover move by compatriot Aviva plc last Thursday (16 March) night. In a statement to the London Stock Exchange this morning (20 March)...
    20 March 2006
  • AM Best indicates Castlepoint will receive A- rating
    Castlepoint Holdings Ltd, the latest insurer hoping to land on Bermuda’s shores, has been told by AM Best that it can expect an A- rating if its advisers raise the $220mn needed to capitalise the start-up. As revealed by The Insurance Insider...
    20 March 2006
  • FSA shows ‘good faith’ on contract certainty goal
    UK regulator the Financial Services Authority (FSA) has recognised progress in pursuit of contract certainty by putting on hold work to develop rules it threatened to impose if the London market failed to meet the deadline set for the end of the 2006.
    20 March 2006
  • XL Re Life enters US
    XL Re Life, the life reinsurance arm of Bermudian XL Capital, is moving into the US market with the acquisition of Servus Life Insurance Company. The (re)insurer will operate in the States under the name XL Re Life America, offering reinsurance...
    20 March 2006
  • Duty of care under spotlight after Aon’s defeat
    Aon has lost its $80mn court case with oil company BP in a judgment that could have wider implications for sub-broking arrangements. Mr Justice Colman ruled in the case of BP v Aon and another that Aon had breached its duty of care to the oil company..
    20 March 2006
  • Hiscox additionals boost profit to £70mn
    An unusually high currency boost and a release from reserves enabled expanding Lloyd’s insurer Hiscox plc to transform a narrow 2005 underwriting gain into a healthy £70mn pre-tax profit. An increase in the group’s US storms exposures – up from...
    20 March 2006
  • Best review Lancashire as exec departs
    Start-up Lancashire Holdings’ financial strength rating has been placed under review by AM Best after the (re)insurer announced the departure of vice president Alex Richards. The agency has placed the rating under review with negative implications...
    20 March 2006
  • Chinese bank signs up Willis as risk manager
    Willis has signed an agreement with the China Development Bank (CDB) that will see it become the bank’s global risk management and insurance consultant. The move is another big step for Willis as it moves into the Chinese insurance market. The firm...
    20 March 2006
  • Guy Carpenter appoints executive chairman
    Reinsurance specialist broker Guy Carpenter has appointed Ray Carless as executive chairman of its Australia, New Zealand and Pacific operations. The role will be based in Sydney and will report to Martin Burrough, CEO of the Asia Pacific region.
    20 March 2006
  • Profits nearly double at Allianz AG
    German insurer Allianz AG almost doubled profits last year, it announced on 16 March. Net income for 2005 was up to EUR4.38bn, a 93 percent rise from the previous year’s EUR2.66bn. Total revenues rose by 4.2 percent from EUR96.9bn in 2004 to...
    20 March 2006
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