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There are 68,961 results that match your search.68,961 results
  • Marsh UK scraps final salary pension scheme
    Supplementary benefits withdrawn for all but highest earners. Marsh UK is in the process of scrapping its final salary pension scheme for its staff and ceasing supplementary benefits for all but the highest earners, our sister title Insider Week...
    15 March 2006
  • Bulked-up Benfield upbeat on prospects
    In stark contrast with JLT, reinsurance broker Benfield Group impressed analysts early March with a positive outlook on conditions although, as expected, its cost base impacted margins. Group revenue rose 6.8 percent from £303.5mn in 2004 to...
    15 March 2006
  • ZFS reveals record results
    Swiss giant Zurich Financial Services (ZFS) reported a strident set of 2005 figures on 16 February, delivering record operating profit of $3.95bn – a 32 percent rise on 2004.
    15 March 2006
  • Bermudians feel 2005 woe
    Aspen impresses analysts, despite loss Despite posting a fourth quarter net profit of $30.3mn or 31 cents a share, Aspen Insurance Holdings was unable to turn around a hurricane-struck year, joining a growing band of Bermudians to book a 2005 deficit.
    15 March 2006
  • US players post full-year profits
    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...
    15 March 2006
  • Profits leap at Royal & Sun Alliance
    UK insurer Royal & Sun Alliance (R&SA) reported a £685mn leap in its full-year after tax performance. After tax profits were £605mn last year, a marked improvement on 2004’s £80mn loss. Profits before tax rose to £865mn in 2005 from £80mn the...
    15 March 2006
  • NAIC sets collateral decision deadline
    The fate of the campaign by non-US reinsurers to have onerous collateral requirements relaxed for business written in the US should be known by the end of 2006, after the National Association of Insurance Commissioners (NAIC) finally set itself a...
    15 March 2006
  • Lloyd's confirms new head
    Last week Lloyd’s confirmed the appointment of Dr Richard Ward, the former head of the London-based International Petroleum Exchange (IPE), as its new chief executive and the person responsible for executing the Corporation’s three-year strategic vision.
    13 March 2006
  • Clarke steps down from Converium
    Terry Clarke has confirmed he will step down from Converium’s board of directors at the company’s AGM on 11 April. Clarke was appointed interim CEO in February 2005 to steady the ship following the ousting of Dirk Lohmann over the company’s much...
    13 March 2006
  • Omega rides out storms
    Lloyd’s insurer Omega Underwriting Holdings predicted a profitable 2005 despite last year’s storm losses with the group estimating a $24mn hit from Hurricane Katrina alone. Omega has forecast a profit of 2.5-12.5 percent for Syndicate 958 on...
    13 March 2006
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