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There are 68,963 results that match your search.68,963 results
  • XL abdicates from Sovereign venture
    Sovereign Risk Insurance Ltd – the political risk joint initiative between Bermudian giants ACE Ltd and XL Capital Ltd – will become wholly owned by ACE from 1 February. XL Capital explained the decision was part of the group’s...
    30 January 2006
  • Record payouts for property and casualty insurers in 2005
    Latest estimates from the Insurance Services Office’s (ISO) Property Claims Service (PCS) of $56.8bn in insured property losses would confirm 2005 as a record year for payouts. The figure is more than double the previous record, set in 2004...
    30 January 2006
  • Aon withdraws from Iran
    Broking giant Aon has said it intends to withdraw from business in Iran after concerns were raised by one of its major investors, New York City Pension Funds. The New York Comptroller William Thompson had questioned the broker’s...
    30 January 2006
  • Arch raises $200mn
    Bermudian Arch Capital announced on 26 January that it is to raise $200mn through a sale of Preferred Shares. The company stated that the purpose of the offering was to fund underwriting activities at its (re)insurance subsidiaries.
    30 January 2006
  • Allstate plans job cuts
    Hurricane-scarred US insurer Allstate plans to slash up to 700 jobs at its Northbrook headquarters as part of a cost-cutting exercise. The move comes in the aftermath of a record third quarter loss taken by the company as a result of...
    30 January 2006
  • The Hartford books record 2005 profits
    US insurer The Hartford announced record 2005 net income of $2.3bn, or $7.46 a share, despite the year’s record industry hurricane losses. The figures were up by 8 percent and 5 percent respectively on 2004 results of...
    30 January 2006
  • The Hartford in legal dispute with London reinsurers
    US insurer The Hartford is appealing a summary judgment in favour of London market reinsurers, including Lloyd’s syndicates, in an attempt to recover $117mn relating to claims it settled with bankrupt asbestos distributor MacArthur in a...
    30 January 2006
  • Big European freeze sets alarm bells ringing
    Freezing weather conditions in Europe have killed dozens from exposure, caused a building to collapse in Poland and wreaked havoc on roads over the last week. The extreme weather conditions hit the (re)insurance sector at its most nervous...
    30 January 2006
  • Porter takes Platinum Bermuda post
    Reinsurer Platinum Underwriters Holdings announced last Thursday (27 January) the appointment of Robert Porter as CEO of its Bermudian subsidiary Platinum Underwriters Ltd. Porter moves over from Platinum’s UK reinsurance operation...
    30 January 2006
  • Kinnect closure leaves potential vacuum
    The decision last week by Lloyd’s to close its electronic trading platform Kinnect after spending £70mn+, and almost five years of development time, was not entirely unexpected, but has left a vacuum in terms of driving process...
    30 January 2006
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