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There are 68,957 results that match your search.68,957 results
  • Investments keep Chaucer in the black
    Chaucer became the latest Lloyd’s insurer to make an underwriting loss because of last year’s storms, but post a profit thanks to its investments when it reported its 2005 results on 17 March. Hurricane losses of £68.5mn caused the insurer to fall to..
    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
  • HIH fails in film finance trial
    Defunct Australian insurer HIH’s film finance action against its broker JLT Risk Solutions has ended with its claim being dismissed on 15 March. Despite Mr Justice Langley finding that JLT was in breach of its duty as a broker, he concluded...
    20 March 2006
  • LibSat seals first satellite deal
    Inmarsat has become the first satellite operator to insure with newly launched space consortium LibSat. The company is insuring its new generation Inmarsat-4 communications satellites with the $250mn capacity consortium, which was set up at the start..
    20 March 2006
  • Hurricanes halve Beazley profits
    Lloyd’s insurer Beazley reported a 44.5 percent drop in pre-tax profits on 14 March after absorbing a £60mn net loss from hurricanes Katrina, Rita and Wilma (KRW). Pre-tax profits fell to £16.1mn last year from £35.4mn in 2004, although gross written..
    20 March 2006
  • Brit parts company with adviser; reserve release allow 2005 profit
    UK Insurer Brit Insurance Holdings plc has replaced house broker Cenkos Securities Ltd with Citigroup while unveiling a 2005 profit created by an unexpectedly high release from prior-year reserves. In an eventful 15 March announcement, the insurer...
    20 March 2006
  • 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
  • Charges hit AIG’s fourth quarter profits
    The weight of over $2bn in two major fourth quarter charges sent American International Group’s (AIG) net income plummeting by 72 percent, it reported on 16 March. AIG reported net income of $444mn for the quarter after it settled with regulators for..
    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
  • St Paul linked in merger talks with ZFS
    Shares in Zurich Financial Services have leapt suddenly on suggestions of a takeover by US insurance St Paul Travelers.
    17 March 2006
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