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There are 68,813 results that match your search.68,813 results
  • Heritage predicts 2005 loss
    Heritage Underwriting Agency has forecast a loss for the full year with its net asset value per share dropping by 15 percent as a result. The group’s estimate for hurricanes Katrina, Rita and Wilma net losses on Syndicate 1245 is £3.7mn. This has...
    05 December 2005
  • Atrium updates forecasts and storm losses
    Atrium Underwriting today (5 December) reported its latest forecasts for 2003 and 2004 years of account on syndicates 570 and 609 and updated its hurricane losses for this year. The account year forecasts for managed syndicates are materially...
    05 December 2005
  • Canopius expands in US; Alea London falls into run-off
    Canopius has agreed to buy the renewal rights to Alea’s North American facilities (re)insurance business, which will now be written through its Syndicate 4444. Under the agreement Alea will get 5 percent of gross written premiums over the next two...
    05 December 2005
  • S&P downgrades Wellington following Katrina increase
    Standard & Poor’s (S&P) has reduced its stance on Wellington Underwriting Agency’s Syndicate 2020 following the sudden increase in its estimates to Hurricane Katrina. “The downgrade follows the Nov. 24, 2005 announcement of a 69 percent increase to...
    05 December 2005
  • Lloyd’s hurricane losses top $5bn - Chances of 2005 profit slim, as 2006 capacity up 7 percent to £14.7bn
    Losses to the Lloyd’s market from the trio of devastating hurricanes this year will top $5bn, according to latest estimates revealed last Wednesday (30 November). The Society also admitted that the likelihood of turning a 2005 profit was now...
    05 December 2005
  • Former Benfield brokers out for two years
    Two former Benfield brokers have given undertakings to the Financial Services Authority (FSA) that they will not carry out any regulated activity for two years. The two brokers, Robert Phillips and Isabel Rawlence, helped design and place a Loss...
    05 December 2005
  • Willis expands Swedish operation with acquisition
    World’s third largest broker Willis announced Friday (2 December) that it had agreed to buy Swedish regional property casualty broker Nicon Försäkringsmäklarna AB. The acquisition is expected to yield annual revenue of $1.5mn.
    05 December 2005
  • Positive outlook for Marsh
    Brokers Marsh & McLennan has “restructured, refinanced and refocused its sales force” and is ready to grow again after suffering a rough year post-Spitzer, according to an analyst. Morgan Stanley analyst William Wilt said he sees the company as a...
    05 December 2005
  • XL announces $2.8bn capital raise
    Bermudian (re)insurer XL Capital today (1 December) announced mammoth capital raising plans which will see it sell $2.15bn in ordinary shares along with $650mn from an offering of equity security units.
    01 December 2005
  • JLT ends CEO search with Burke appointment
    UK listed broker Jardine Lloyd Thompson Group plc (JLT) has ended its year-long search for a new group chief executive with the internal appointment of Dominic Burke to the position. In an announcement this morning (1 December), the company also...
    01 December 2005
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