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There are 68,963 results that match your search.68,963 results
  • Alea sells renewal rights to AAR unit
    Embattled (re)insurance group Alea Group Holdings has sold the renewal rights of its US primary programme business written by its Alea Alternative Risk (AAR) subsidiary to New York based AmTrust Group in a deal likely to be worth between $20mn-$40mn.
    22 November 2005
  • Businesses warned of need to prepare for avian flu pandemic
    Avian flu could cost insurers up to $200bn if the virus jumped from birds to humans sparking a global pandemic. A range of losses from $71.3bn to $200bn in insured losses is the worst-case scenario according to research from analysts...
    21 November 2005
  • Start-up Greenlight Re heads for the Cayman Islands
    Greenlight Re will become the twelfth new reinsurance start-up since Hurricane Katrina after being announced by Greenlight Capital boss, David Einhorn, at a New York conference last Tuesday (15 November). The new company has already received a...
    21 November 2005
  • AXIS announces further capital boost
    Bermudian (re)insurer AXIS Capital revealed today (21 November) further cash raising initiatives with the sale of £250mn in preference shares, less than a week after it announced the sale of 6.8 million common shares in a block trade and taking its...
    21 November 2005
  • ZFS posts record performance
    Swiss insurer Zurich Financial Services (ZFS) reported a record operating performance for the first nine months of 2005 when it released its interim results on 17 November. Net income was up by 21 percent to $2.26bn for the period with earnings per...
    21 November 2005
  • Munich Re issues EUR110mn of cat bonds
    Reinsurance giant Munich Re has bought EUR110mn of reinsurance protection for Western European windstorms with the private placement of catastrophe bonds called Aiolos. Based on a wind-speed trigger and with a term from 18 November 2005...
    21 November 2005
  • TRIA extension approved by Senate
    US politicians brought some relief to the (re)insurance industry on Friday (18 November) with the news that the US Senate had approved a bill to extend the Terrorism Risk Insurance Act (TRIA) for a further two years until the end of 2007.
    21 November 2005
  • Masojada demands fear from FSA over contract certainty
    The Lloyd’s deputy chairman has called on UK regulator the Financial Services Authority to strike fear into the London insurance market by outlining what it will do if the industry fails to drive through contract certainty next year.
    21 November 2005
  • Agnew Higgins wins International Group P&I contract from Benfield
    Benfield is to lose its role in helping place the world’s largest reinsurance contract because of its decision to expand into the primary insurance markets. Last week the broker was replaced by marine/energy specialists Agnew Higgins Pickering & Co...
    21 November 2005
  • Analysts boost R&SA
    Shares in Royal & Sun Alliance (R&SA) rose today after the firm received a welcome boost from analysts ahead of its third quarter results later this week. A note from Numis upgraded the outlook on R&SA shares from ‘HOLD’ to ‘ADD’ and increased its...
    21 November 2005
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