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There are 68,963 results that match your search.68,963 results
  • Judgment awaited in JLT film finance trial
    The film finance trial between defunct insurer HIH and its broker JLT Risk Solutions came to an early conclusion last week. As predicted in this month’s The Insurance Insider the trial ended early after the withdrawal by of fraud allegations by HIH.
    27 February 2006
  • QBE posts record profits despite stormy year
    Australian-based (re)insurer QBE declared an increase in final dividend from 30 cents to 38 cents a share after announcing record results, with pre-tax net profit up 37 percent to A$1.5bn. After-tax operating profits were up 27 percent from...
    27 February 2006
  • Wellington makes $190mn cash call
    Lloyd’s listed insurer Wellington Underwriting plc revealed Friday (24 February) that its underwriting agency will make a cash call to capital providers on its Syndicate 2020 of $190mn as a result of last year’s hurricanes.
    27 February 2006
  • Lancashire Re ‘off to a good start’
    Lancashire Re became the second Bermudian start-up to reveal its 2006 trading performance when it estimated writing $165mn in gross premiums by 1 March. “We feel we have got off to a very good start. What we’re seeing is a very patchy market, but we...
    27 February 2006
  • Wilma casts possible shadow over buoyant R&SA
    Results at UK insurer Royal & Sun Alliance will be analysed closely for worsening exposures to Hurricane Wilma, which tore through the US Gulf and Mexico last October. The insurer – which has seen its share price climb leap more than 50 percent to...
    27 February 2006
  • Brokers go peer-to-peer with G6
    The brokers working to achieve peer-to-peer initiatives with the “gang of six” Lloyd’s underwriters have been revealed as Aon, Benfield, Willis and Marsh. The “gang of six”, or G6, is the breakaway group of powerful insurers which has combined with...
    27 February 2006
  • FSA cancels broker’s permission to trade
    The Financial Services Authority (FSA) has cancelled Xsavi Ltd’s permission to trade because of the firm’s failure to comply with standards and inadequate financial resources. It is the first enforcement cancellation taken against a general...
    27 February 2006
  • Montgomery leaves DLA
    Specialist insurance lawyer Nigel Montgomery is leaving DLA Piper Rudnick to head up a new team at US law firm Sidley Austin’s London office. Montgomery has a background in insurance restructuring, focusing on schemes of arrangement and business...
    27 February 2006
  • Quanta complies following board appointments
    Bermudian-headquartered (re)insurer Quanta has appointed Roland Baker and Robert Shapiro to its board of directors. Both men were also appointed to the board’s audit committee, Baker will join the compensation committee while Shapiro will join the...
    27 February 2006
  • Minnesota sues AIG for $10mn
    Insurance giant American International Group (AIG) is facing a lawsuit from Minnesota attorney general Mike Hatch, raising the spectre of further action from states dissatisfied with AIG’s recent $1.6bn payout. Hatch is seeking up to $10mn...
    27 February 2006
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