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There are 68,963 results that match your search.68,963 results
  • Ex-HIH finance chief faces criminal charges
    The former finance director of collapsed Australian insurer HIH was charged last month with the criminal offence of falsely authorising a prospectus with a material omission. Dominic Fodera – who faces six criminal charges under the Corporation Act...
    14 November 2005
  • KKR exits Willis
    Willis has announced a second offering for the sale of 6.1mn shares currently held by Kohlberg Kravis Roberts (KKR) and Fisher Capital. Willis is planning to purchase 1.5mn of the shares in a private transaction with the remaining shares being...
    14 November 2005
  • Talanx to buy Gerling’s insurance operations
    Talanx is reported to have trumped the aggressive US buy-out firm Cerberus Capital Management for the prize of fellow German insurer Gerling Group. Talanx – which is reducing its majority stake in reinsurer Hannover Re – has not revealed terms of...
    14 November 2005
  • Markel profits hit by hurricanes
    Markel suffered a poor third quarter with the insurer feeling the impact of hurricanes from the last two seasons. The American firm announced a net loss of $111mn or $11.31 per diluted share, compared to a profit of $13.8mn, or $1.40 a diluted...
    14 November 2005
  • Profitable Allianz prepares job cull
    Despite announcing third quarter net profits up 69.7 percent to EUR794mn on the prior-year period, German insurance giant Allianz is reportedly still preparing to slash thousands of jobs, as the company continues to restructure its operations.
    14 November 2005
  • Hannover profits blown out by storms
    Operating profit at Hannover Re has plummeted by 84.4 percent to EUR63.8mn for the year up to 30 September the company announced on 10 November. Profits at the reinsurer were hit by a third quarter catastrophe loss of EUR781.4mn, with losses for...
    14 November 2005
  • Kramer to name Bermudian start-up Ariel Re
    Industry veteran Don Kramer has again chosen Shakespearian inspiration for the name of his $750mn+ Bermudian start-up reinsurer. Kramer - who formed the Bermudian catastrophe reinsurer Tempest Re in 1993 - is to call his new reinsurer, Ariel Re...
    14 November 2005
  • Quanta loses executives to Bermudian start-ups
    Quanta Capital Holdings – a Bermudian headquartered (re)insurer established in 2003 – is believed to have lost two senior executives to the post-Katrina start-ups that are being formed on the island.
    11 November 2005
  • Kramer to name Bermudian start-up Ariel Re
    Industry veteran Don Kramer has again chosen Shakespearian inspiration for the name of his $750mn+ Bermudian start-up reinsurer.
    11 November 2005
  • PXRE enters into post-storms $300mn cat bond
    Hurricane hit Bermudian reinsurer PXRE Group has bought $300mnn of reinsurance protection via a catastrophe bond following the third quarter storms.
    09 November 2005
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