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There are 68,963 results that match your search.68,963 results
  • HCC grows Lloyd’s presence with Heritage stake
    US insurer HCC Insurance Holdings is set to acquire a 23.6 percent holding in Lloyd’s managing agent Heritage Underwriting. HCC – which acquired the Lloyd’s insurer Illium Insurance last year - has reached agreement to buy the stake for an undisclosed.
    27 February 2006
  • Hyperion almost doubles profits; boosted by £5.1mn capital placement
    Fast expanding Hyperion Insurance Group reported a double boost today with the announcement of an almost doubling of profits followed by news of a £5.1mn capital placement in the insurance group. Hyperion reported full-year profits of £4.03mn for...
    27 February 2006
  • Platinum profits blown away
    Bermudian Platinum Underwriters Holdings became the latest reinsurer to announce hurricane-affected losses in its fourth quarter and full-year results for 2005. Platinum reported net losses of $103.3mn, or $1.94 per basic common share, and a net loss..
    27 February 2006
  • Advent increases Wilma loss estimates
    Lloyd’s reinsurer Advent Capital (Holdings) plc has increased its Hurricane Wilma net loss estimates and is predicting a midpoint loss of 77.5 percent of capacity on its Syndicate 780’s 2005 underwriting year. The catastrophe reinsurance specialist...
    27 February 2006
  • Scrapping collateralisation will impact cedants’ capital requirements
    US cedants will have to increase their capital requirements if Europe’s reinsurance industry gets its way and has the controversial collateralisation requirements abolished. The US’ reinsurance collateral system was again the subject of debate last...
    27 February 2006
  • JLT disbands Risk Solutions; reveals pay freeze
    UK-listed broker Jardine Lloyd Thompson Group plc (JLT) is to undergo a radical restructure that will merge its UK Corporate Risks and JLT Risk Solutions, Insider Week can reveal. Following the merger – due to complete by the third quarter 2006...
    27 February 2006
  • PXRE falls to major Q4 loss
    The future of PXRE remains clouded, as the troubled reinsurer reported fourth quarter 2005 net losses of $447mn on the back of deepening hurricane losses, and admitted that it could lose 75 percent of its clients as a result of downgrade triggers.
    23 February 2006
  • Von Bomhard calls for end to cross ownership
    Munich Re chief executive Nikolaus von Bomhard has said the industry will not end the problems over its reputation while brokers and carriers continue to own significant stakes in each other. Dr von Bomhard said brokers could not say they were...
    23 February 2006
  • Levene rails against US ‘protectionism’
    Lloyd’s chairman Lord Peter Levene branded the US reinsurance collateral system “protectionism” as senior European reinsurance leaders hit out at inaction over scrapping the requirement for so-called “alien” reinsurers to fully collateralise US...
    22 February 2006
  • Aon heads to Docklands
    Giant broker Aon has today revealed plans to leave the City for Docklands, with talks ongoing for a new London office at Canary Wharf. The firm said it was in exclusive negotiations with Canary Wharf Group plc, and is seeking around...
    22 February 2006
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