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There are 68,813 results that match your search.68,813 results
  • Lloyd's broker in multi-million Pound fraud allegation
    The City of London police are conducting an investigation into allegations of fraud at Lloyd’s broker Besso Ltd after the company discovered irregularities in some client funds’ accounts, The Insurance Insider can reveal.
    10 October 2005
  • Troubled GoshawK doubles Katrina loss estimates
    Shares in Bermuda headquartered GoshawK slumped 18 percent to a low of 19.5 pence this morning (7 October) after the troubled reinsurer more than doubled its estimate of net losses stemming from Hurricane Katrina and said it would have difficulty...
    07 October 2005
  • Goshawk share price plummets
    Shares in Bermudian insurer have dropped alarmingly by over 30 percent this month in the wake of substantial Katrina losses and poor results from the first-half of 2005. At the beginning of September shares in Goshawk were trading at over 36p on the...
    07 October 2005
  • Lloyd’s unveils £1.38bn 2005 first half profit
    Despite the estimated £1.4bn ($2.5bn) blow from Hurricane Katrina, Lloyd’s still expects to make a full year profit in 2005. This was one of the messages from Lloyd’s first ever interim results published this morning (6 October) which show a profit...
    06 October 2005
  • AON UK to cut up to 750 jobs
    Aon UK has confirmed that it is to lose up to 750 jobs in a major restructuring of its Risk Services and Specialty divisions. As revealed by Insider Week on the 26 September, the broker is to place its employees into “consultation” which is expected...
    05 October 2005
  • AM Best: Aspen, Quanta under review
    Ratings agency AM Best has placed the financial strength rating of “A-” (Excellent) and issuer credit rating of “a-” of Bermudian reinsurer Aspen Insurance Limited under review with negative implications.
    05 October 2005
  • Wellington increases Katrina loss estimates to $125mn
    Lloyd’s insurer Wellington Underwriting plc has become the latest company to increase its estimated loss exposures from Hurricane Katrina.
    05 October 2005
  • QBE buys marine insurer
    Australian insurer QBE signed an agreement on 27 September for the acquisition of specialist insurer British Marine for an expected purchase price of $204mn. The purchase price will be close to 1.7 times the firm’s net tangible assets, which are...
    03 October 2005
  • Sentencing postponed in Spitzer guilty pleas
    Three US insurance executives who pleaded guilty to charges arising from New York attorney general Eliot Spitzer’s investigations into the industry will not be sentenced until next year after the presiding judge postponed his decision. Former Marsh...
    03 October 2005
  • Omega strengthened by flotation
    After floating on the Alternative Investment Market for £20mn in April this year Omega has increased its net tangible assets to £26mn. And net tangible assets per share are up to 69.8 pence per share the group reported in its first-half results on...
    03 October 2005
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