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AXA incurs World Cup penalty
AXA will have to pay compensation to world football governing body FIFA, following a ruling by a German court that the insurance company was wrong to cancel its 2002 World Cup insurance policy.
29 December 2003
Equitas completes Berkshire deal
Equitas has completed its landmark reinsurance transaction with National Indemnity Company, part of Warren Buffett’s Berkshire Hathaway group, on 27 March.
05 April 2007
Pembroke looks to write oil and gas PI
Ironshore International's Pembroke Syndicate 4000 at Lloyd's is the latest insurer to try and exploit heightened demand for liability cover in the oil and gas sector, as it introduces a wide-ranging professional indemnity product for the industry.
16 August 2010
Tawa stock falls on interims
Tawa plc’s share price is now 40 percent lower than its 2007 IPO price as investors responded badly to the firm’s profit slump last month on the back of continuing losses from the bond portfolio of its CX Re subsidiary...
07 October 2008
QBE acquires American insurer
Australian reinsurer QBE has bought National Farmers Union Property and Casualty Co (NFU), a small US insurer, for about $140mn in order to boost premium income.
01 August 2005
Aspen gears up despite defectors
Aspen Insurance Holdings – the Bermudian domiciled (re)insurer which lost three of its four underwriting heads this summer – revealed plans to leverage its balance sheet earlier this month with a $200mn hybrid offering and details of a share buy-back.
17 November 2006
Amlin Bermuda’s business on the up
Lloyd's based (re)insurer Amlin plc) that its Bermudian reinsurance operation has written $87mn of business this year, a 58 percent increase on the same point last year.
15 January 2007
Lloyd’s expands European licences
Lloyd’s revealed that it is now authorised to trade in 72 territories worldwide following the enlargement of the European Union on 1 May.
10 May 2004
Fireman’s fund hikes asbestos reserves
Allianz's US P&C subsidiary, Fireman's Fund Insurance Company, is to increase its asbestos and environmental risk (A&E) reserves by $301mn following a review of their adequacy.
12 July 2010
SCB's Realm National wins Hancock arbitration
An arbitration panel has ruled in favour of Realm National, Stirling Cooke Brown's C++ rated property and casualty reinsurer, in its dispute with John Hancock over a workers' compensation carve out reinsurance.
01 April 2002
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