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There are 68,963 results that match your search.68,963 results
  • Transatlantic scrapes 2005 net profit
    Transatlantic Holdings, the parent of Transatlantic Re, has announced 2005 net profits of $37.9mn, down from $254.6mn in 2004 after booking a fourth quarter net profit of $13.5mn, compared to $98.9mn in the prior-year period. Like many of its peers...
    20 February 2006
  • Atrium give upbeat trading statement
    Lloyd’s insurer Atrium Underwriting gave an upbeat trading statement on 16 February with a mix of good results, lower storm loss estimates and predictions of positive conditions for the year ahead. Results exceeded forecasts for 2003, with a...
    20 February 2006
  • RFIB opens Dubai office
    Lloyd’s broker RFIB Group has opened a representative office in Dubai as it aims to expand in the Middle East. RFIB has over twenty years experience of marine and non-marine business in the region and says it regards a permanent local presence key...
    20 February 2006
  • AIG terminates relationship with Starr agencies
    Giant insurer American International Group (AIG) has terminated its relationship with CV Starr owned agencies Starr Technical Risks Agency and its subsidiaries (Starr Tech). The move comes amid a court battle over whether four insurance agencies...
    20 February 2006
  • ARIG report record profits
    Arab Insurance Group (ARIG) reported an 82 percent rise in net profits last year to a record of $48.2mn, up from $26.5mn in 2004. The record profit represents a 19.5 percent return on average shareholders’ equity, with the board of directors...
    20 February 2006
  • Hannover completes EUR100mn L6 securitisation
    German giant Hannover Re has completed a EUR100mn securitisation with a transfer of life insurance risks into the international financial markets. The transaction, known as the L6 securitisation, covers individual unit-linked policies from Germany...
    20 February 2006
  • Endurance worn down by hurricane losses
    Post-9/11 (re)insurer Endurance reported a 2005 net loss of $220.5mn, or $3.60 a share, a reversal of the $355.6mn, or $5.28 per share net profit made in the previous year, as it shared the hurricane-hit woes of its compatriots.
    20 February 2006
  • Montpelier reports record loss; looks to the future
    Montpelier Re – one of the (re)insurers worst hit by last autumn’s storms – has reported a 2005 net loss of $752.9mn, or $10.49 a share, dramatically reversing the $240.3mn or $10.92 a share net profit made in the previous year.
    20 February 2006
  • JLT letter prominent as Pender case draws to conclusion
    A letter written by broker JLT Group’s then chief executive Steve McGill in March 2002 expressing concerns over the management of Cable & Wireless’s (C&W) captive insurer Pender Insurance is thought to have become a significant factor in the settlement...
    20 February 2006
  • Alea has ratings withdrawn
    Bermudian (re)insurer Alea Group has had its rating withdrawn by agencies Standard & Poor’s (S&P) following the lead of AM Best. A statement from S&P on 14 February said: “Standard & Poor’s Ratings Services said today it affirmed its BBB long-term...
    17 February 2006
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