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There are 68,813 results that match your search.68,813 results
  • 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
  • Transatlantic Re: industry needs cat management rethink after hurricane losses
    Bermuda headquartered Transatlantic Re has reported a large increase in 3Q net losses to $144.2mn, against net losses of $21.8mn for the same period a year earlier. The company reported net income of $24.4mn for the first nine months of the year...
    31 October 2005
  • St Paul stays in the black for Q3
    US property and casualty giant St Paul Travelers reported net income for the last quarter of $162mn compared to net income of $340mn in the same period last year. Catastrophe losses related to Hurricanes Katrina and Rita in the current quarter were...
    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
  • 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
  • 3Q losses mount for Bermudian (re)insurers
    Bermudian multi-line (re)insurers Arch and Endurance reported third quarter losses last week reflecting the impact of Hurricanes Katrina and Rita. Arch suffered relatively lightly from the record industry catastrophe losses, with a net loss of...
    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
  • 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.
    28 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 this morning (27 October), Quanta said it now believed its...
    27 October 2005
  • XL shares fall sharply on $1.47bn cat losses
    Bermudian based insurance giant XL Capital has seen its shares fall sharply after estimating a third quarter post-tax catastrophe loss of $1.47bn.
    26 October 2005
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