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There are 68,963 results that match your search.68,963 results
  • Swiss Re sells Fox-Pitt, Kelton
    World’s largest reinsurer Swiss Re confirmed last week that it has agreed to sell most of its stake in specialist financial services investment bank Fox-Pitt, Kelton (FPK) to its employees and a consortium led by hedge fund investor J.C. Flowers & Co.
    13 February 2006
  • Court of Appeal restores normality in GoshawK decision
    The UK Court of Appeal sent a sigh of relief among London market insurers last week after over-turning last year’s controversial GoshawK vs Tyser decision which ruled brokers were not obliged to produce documents previously shown to underwriters.
    13 February 2006
  • SVB unveils plan to form a new UK insurer
    SVB, the Lloyd’s based insurer wrestling with its legacy of US professional liability (re)insurance losses, revealed bold plans on the 10 February to form a new UK-based insurance company while finally dealing with its back-year losses.
    13 February 2006
  • Hurricanes hit Fairfax hard
    Canadian combine Fairfax Financial Holdings announced heavy losses as a result of a hurricane-hit year of $497.9mn for 2005 and $318.1mn for the final quarter. The adverse affect of hurricanes Katrina, Rita and Wilma on Fairfax...
    13 February 2006
  • Hannover renewals call divides analysts
    Analysts were divided in their reaction to the January renewal season advice that Hannover Re released last Tuesday (7 February) with a EUR11 difference in price targets set on its stock. The German reinsurer summed up this year’s renewal season...
    13 February 2006
  • AIG looks forward following $1.64bn settlement
    Martin Sullivan, the chief executive of insurance giant American International Group (AIG) heralded last week’s $1.64bn regulatory settlement as “a major step forward in resolving the legal and regulatory issues facing AIG”.
    13 February 2006
  • AIG overhauls aviation management following Starr migrations
    Following the weeks of turmoil between American International Group (AIG) and the Hank Greenberg controlled Starr agencies, AIG has overhauled the management team of its aviation unit. Long-serving AIG executive David Hupp has replaced...
    13 February 2006
  • Lloyd’s head of strategy exits
    Only a month after Lloyd’s unveiled an ambitious three-year strategic plan, the Corporation has parted company with its head of business strategy as of last week. Since joining Lloyd’s in 2003, Stuart Degg led the development of Lloyd’s...
    13 February 2006
  • Hanson plc part-settles asbestos litigation
    The former British conglomerate Hanson plc revealed today (13 February) that an asbestos-hit US subsidiary has reached a settlement with its liability insurers. According to the group, the settlement is effective from January 2006 and resolves...
    13 February 2006
  • Wilma hits RenRe results
    A $313.9mn net negative impact from Hurricane Wilma hit Renaissance Re’s fourth quarter results with the Bermudian reinsurer reporting a $206.9mn operating loss. For the full year RenRe announced an operating loss of $274.5mn, down from an income...
    13 February 2006
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