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There are 68,812 results that match your search.68,812 results
  • Kendrick replaces Brit CEO as LMA chairman
    Musical chairs among the senior London market underwriting associations saw the chairman and chief executive of ACE’s European operations Andrew Kendrick replace Brit’s Dane Douetil as chairman of the Lloyd’s Market Association (LMA).
    30 January 2006
  • The Hartford books record 2005 profits
    US insurer The Hartford announced record 2005 net income of $2.3bn, or $7.46 a share, despite the year’s record industry hurricane losses. The figures were up by 8 percent and 5 percent respectively on 2004 results of...
    30 January 2006
  • The Hartford in legal dispute with London reinsurers
    US insurer The Hartford is appealing a summary judgment in favour of London market reinsurers, including Lloyd’s syndicates, in an attempt to recover $117mn relating to claims it settled with bankrupt asbestos distributor MacArthur in a...
    30 January 2006
  • Alea shares slump on further reserve boost
    Shares in run-off (re)insurance group Alea Group Holdings slumped almost twenty-five percent today (30 January) after the group predicted a full-year loss of $200mn-$240mn.
    30 January 2006
  • Big European freeze sets alarm bells ringing
    Freezing weather conditions in Europe have killed dozens from exposure, caused a building to collapse in Poland and wreaked havoc on roads over the last week. The extreme weather conditions hit the (re)insurance sector at its most nervous...
    30 January 2006
  • Montpelier Re takes on former ACE employees
    Bermudian reinsurer Montpelier Re has appointed two former ACE staff to senior management positions, it announced on 26 January. William Pollett will become treasurer and senior vice president at Montpelier at the beginning of February.
    30 January 2006
  • Kinnect closure leaves potential vacuum
    The decision last week by Lloyd’s to close its electronic trading platform Kinnect after spending £70mn+, and almost five years of development time, was not entirely unexpected, but has left a vacuum in terms of driving process...
    30 January 2006
  • Porter takes Platinum Bermuda post
    Reinsurer Platinum Underwriters Holdings announced last Thursday (27 January) the appointment of Robert Porter as CEO of its Bermudian subsidiary Platinum Underwriters Ltd. Porter moves over from Platinum’s UK reinsurance operation...
    30 January 2006
  • Allstate plans job cuts
    Hurricane-scarred US insurer Allstate plans to slash up to 700 jobs at its Northbrook headquarters as part of a cost-cutting exercise. The move comes in the aftermath of a record third quarter loss taken by the company as a result of...
    30 January 2006
  • Increased awareness fails to stop slide in D&O rates
    Despite increased interest in D&O cover and the inclusion of executives’ personal assets in last year’s high profile Enron and WorldCom settlements, premium rates in the sector fell for the second consecutive year in 2005, according to...
    30 January 2006
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