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There are 68,813 results that match your search.68,813 results
  • Aspen’s 3Q loss reaches $362mn
    In common with many of its fellow Bermudians, reinsurer Aspen has revealed dramatic third quarter 2005 losses after the recent spate of natural catastrophes. In its 27 October earnings release, the company said it was looking at a loss of $362mn for...
    31 October 2005
  • Cat losses hurt Odyssey Re
    US reinsurer Odyssey Re has reported a third-quarter net loss of $96.6mn after suffering a post-tax loss of $178.8mn due to hurricanes Katrina and Rita. The loss was a significant increase from Odyssey’s $18mn deficit for the same period 12 months...
    31 October 2005
  • Greenberg looks to friends for image boost
    Former American International Group (AIG) chief executive, Maurice “Hank” Greenberg, has sent a letter to friends and associates asking permission to use their names as part of a PR operation to repair his image, reports The Wall Street Journal.
    31 October 2005
  • Katrina hits hard at CNA
    CNA, the seventh biggest commercial insurer in the US, suffered a negative set of Q3 results after incurring a post-tax loss of $294mn from the impact of recent catastrophes, primarily Hurricane...
    31 October 2005
  • Integro hires Willis duo to head new risk management division
    Nascent broking group Integro has hired two former Willis executives to head a newly formed capital risk management division. Ralph D Kneisley and Joseph J Fusco have become the joint leaders of Integro’s Capital Project Risk group which will...
    31 October 2005
  • XL shares fall on $1.47bn cat losses
    Bermudian based insurance giant XL Capital saw its shares fall sharply last week after estimating a third quarter post-tax catastrophe loss of $1.47bn. XL – which had previously said it expects around 1.75 percent of the market-wide Katrina loss...
    31 October 2005
  • AM Best shows muscles with Montpelier Re downgrade
    AM Best’s decision to downgrade Montpelier Re despite the reinsurer raising $600mn in the aftermath of Katrina is the latest example of the get tough approach of the rating agencies. It is also good news for the proposed start-up reinsurers who are...
    31 October 2005
  • RMS raises worst case Wilma estimate to $12bn
    Catastrophe modelling firm Risk Management Services (RMS) has increased its estimate for insured losses caused by Hurricane Wilma to a range of $8bn to $12bn. The revised estimate covers onshore damage caused by windstorm and coastal surge as well...
    31 October 2005
  • Quanta increases Katrina and Rita loss estimates to $68.5mn
    Bermuda headquartered (re)insurer Quanta has joined the growing list of companies increasing their estimates of losses incurred as a result of hurricanes Katrina and Rita. In an announcement on 27 October, Quanta said it now believed its total...
    31 October 2005
  • Hiscox upbeat despite rising Katrina losses
    Lloyd’s insurer Hiscox plc painted an upbeat picture of the company’s prospects despite increasing its net loss estimates by $10mn on Hurricane Katrina. In an announcement to the London Stock Exchange this morning (31 October), the company said it...
    31 October 2005
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