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There are 68,813 results that match your search.68,813 results
  • 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
  • Equitas settles General Motor liabilities
    Lloyd’s run-off vehicle Equitas has settled its liabilities with the General Motors Corporation, including all North American third-party asbestos and pollution-related liabilities dating from as far back as the mid-1950s.
    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
  • Everest Re sees $438.9mn 3Q operating loss
    Catastrophe losses were the driving force behind third-quarter 2005 losses at Bermuda-based reinsurer Everest Re Group, according to the company’s latest earnings release.
    31 October 2005
  • Lloyd’s insurers plan capital raising initiatives
    Lloyd’s insurers are set to follow their Bermudian rivals by going to the capital markets to raise funds, Insider Week can reveal. But in contrast to many of the specialist Bermudian based property catastrophe reinsurers, most of the Lloyd’s...
    31 October 2005
  • ACE optimistic despite $742mn post-tax hurricane bill
    In contrast to its rival XL Capital, shares in Bermudian giant ACE climbed last week despite the company revealing the extent of its hurricane exposures. The (re)insurer said third quarter earnings had fallen to a $112mn net loss after the third...
    31 October 2005
  • 3Qs reveal hurricane pain for Bermuda cat specialists
    The pain inflicted by Hurricanes Katrina and Rita is clearly reflected in the third quarter reporting of cat specialists Partner Re, PXRE and IPC Re, three of the island’s older guard of (re)insurers. Last week, the trio announced heavy losses for...
    31 October 2005
  • HCC buys Lloyd’s insurer
    HCC Insurance Holdings has acquired the Lloyd’s based liability insurer Illium Insurance Group Ltd. HCC, which has provided capital to Illium since it began underwriting in 2004, has acquired the remaining 80 percent of the outstanding shares in the...
    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
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