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There are 68,810 results that match your search.68,810 results
  • XL unveils $1.3bn loss following storms and Winterthur blow
    XL Capital has unveiled its largest ever full year trading loss at $1.29bn following 2005’s devastating hurricane losses and the adverse Winterthur arbitration decision which cost the Bermudian giant a further $808.9mn.
    08 February 2006
  • Charman to step down because of divorce
    Leading industry figure John Charman has cited his high profile divorce as the reason for his decision to step down from the company he founded, AXIS Capital Holdings Ltd. Bermudian (re)insurer AXIS has confirmed that the former...
    08 February 2006
  • Court of Appeal restores normality in GoshawK decision
    The UK Court of Appeal has sent a sigh of relief among London market insurers after over-turning last year’s controversial GoshawK vs Tyser decision which ruled brokers were not obliged to produce documents previously shown to underwriters.
    07 February 2006
  • Hurricanes deliver heavy Everest loss
    Everest Re became the first of the Bermudians to roll out fourth quarter results, revealing on 30 January a $185.8mn, or $3.01 a share after-tax operating loss – a dramatic reversal of the $94.7mn, or $1.66 a share operating profit recorded in...
    06 February 2006
  • Profits plummet at St Paul
    US insurance giant St Paul reported last Thursday (2 February) that its fourth quarter results for last year had plummeted 41 percent as the insurer was hit by reserve charges for asbestos and increasing hurricane costs.
    06 February 2006
  • Validus makes 1/1 impression
    “Class of 2005” alumni Validus revealed last week that it had written $220mn of gross written premiums in its maiden 1 January renewal season. The announcement would seem to contradict recent widespread comments that the new companies...
    06 February 2006
  • Ex-Gen Re and AIG execs indicted over $500mn reinsurance deal
    Christian Milton, the former head of reinsurance buying at insurance giant American International Group (AIG), and three former senior General Re executives, were indicted by a federal grand jury last week.
    06 February 2006
  • Hannover Re completes $370mn cat bond
    Hannover Re announced last week (3 February) the completion of a $370mn catastrophe bond deal which it says will provide the reinsurance giant with extra capacity for underwriting catastrophe risks.
    06 February 2006
  • Advent upbeat on 2006 renewals
    Brian Caudle’s Lloyd’s (re)insurer Advent Group gave an upbeat assessment of trading conditions last week following the heavy storm losses in 2004-2005. According to Advent, the group has experienced rate rises of up to 100 percent in its...
    06 February 2006
  • Lloyd’s sues Aon and Benfield over Central Fund insurance failure
    Lloyd’s confirmed last week that it will pursue legal action against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract which failed to engage following an arbitration decision last year.
    06 February 2006
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