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Asbestos tide turning – S&P
The worst of the asbestos related difficulties faced by (re)insurers may now be in the past, according to a report by ratings agency Standard & Poor's (S&P).
26 February 2007
Aon earnings ‘in line’ with forecasts
World’s second largest broker Aon has reported net income per share of $0.52 with net income from continuing operations increasing to $180mn in its 2004 second quarter results announcement.
09 August 2004
KPMG appointed administrators to FirstCity’s run-off business
KPMG has been appointed administrator for Lloyd's broker FirstCity's legacy book, following the sale of its active insurance business in early April to AJ Gallagher.
24 May 2010
‘On track’ Allianz targets retail savings growth
German giant insurer Allianz announced that its first quarter result and growth are “on track” as it pre-empted the release of its full financials for the period this Friday (13 May).
09 May 2005
QBE bond ‘fraud’ trial set for November
QBE Limit and Markel are set for a November High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) over allegations of fraud in connection with construction bonds it issued as a coverholder.
05 April 2007
Ceiops publishes latest Solvency II guidance
The Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) has published new guidance on the pre-application process for insurers working towards approval of an internal Solvency II (SII) model.
09 April 2010
Allied World smoothes out $86.5mn Q1 cat losses
Bermudian (re)insurer Allied World has reported a modest increase in net income for Q1 2010 despite Q1 catastrophe losses of $86.5mn thanks to large reserve releases and strong investment gains.
07 May 2010
GM continues R&SA battle despite court defeat
Royal & Sun Alliance Insurance Group plc (R&SA) won a significant victory in its acrimonious battle with General Motors last week after a Michigan Circuit Court ruled...
29 January 2007
Travelers and St Paul win dismissal of Madoff D&O suit
A lawsuit filed by Madoff-hit Greenwich National Bank and several other investment institutions against US insurer Travelers and its subsidiary, St Paul Mercury Insurance Company, was dismissed last week.
19 April 2010
Swiss Re restructures into three components
Reinsurance giant Swiss Re announced last week that it is streamlining its reporting structures into three units in a bid to focus on "profitable growth and the efficient use of capital".
06 June 2005
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