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There are 68,963 results that match your search.68,963 results
  • Upbeat Amlin faces $52mn Wilma bill
    Lloyd’s insurer Amlin plc revealed it expects a $52mn bill from Hurricane Wilma but cheered shareholders with an increased profit forecast on its 2003 trading year. In a trading statement to the London Stock Exchange this morning (21 November), the...
    21 November 2005
  • Rating agencies react to Swiss Re GE acquisition
    If Swiss Re successfully completes its acquisition of GE’s (re)insurance operations next year, it seems likely it will come at a price, after the four leading rating agencies announced they may downgrade the reinsurance giant.
    21 November 2005
  • Omni Whittington demerges
    Omni Whittington is set to demerge its insurance and debt divisions enabling its insurance operations to grow internationally. A holding company, Whittington Group Pte, has been set up in Singapore with net assets of $80mn. The majority of the new...
    21 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
  • Premiums decline in London
    Gross premiums fell by 15 percent in the London market during 2004, reversing five years of rises. A report into insurance by International Financial Services London recorded gross premiums of £21.7bn for last year with Lloyd’s producing 54 percent...
    21 November 2005
  • Dawson parachuted in to head GoshawK
    Defunct insurer GoshawK Insurance Holdings plc has parachuted in a new management team and floated the possibility of a $15-20mn fund raising as it plans an orderly run-off. Michael Dawson – the former chief executive of Cox Insurance – has become...
    21 November 2005
  • Montpelier Re agrees $1bn LOC
    Montpelier Re – the Bermudian catastrophe specialist devastated by losses from the trio of US storms – said at the end of last week that it has entered into a 364-day $1bn letter of credit agreement with Bank of America.
    21 November 2005
  • HCC sells shares in capital raising
    HCC Insurance Holdings became the latest insurer to raise capital in the post-storms environment when it announced last week that it had agreed to sell 4,687,500 of common stock shares to Citigroup. The Houston headquartered insurance group also...
    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
  • Q3 profits down at AIG
    American International Group (AIG) reported a 36.1 percent drop in income when it announced its restated third quarter results on 14 November. Net income was down to $1.71bn, or $0.65 per diluted share, during the quarter from $2.68bn, or $1.02 per...
    21 November 2005
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