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There are 68,813 results that match your search.68,813 results
  • AIG sues Greenberg over control of $20bn shares
    Giant insurer American International Group (AIG) has taken legal action in an effort to seize $20bn of its own shares from the control of ousted former chief executive Maurice “Hank” Greenberg, according to reports last week (29 September) in the Wall...
    03 October 2005
  • Kinnect confirms another senior departure
    Lloyd’s press office has confirmed the resignation of head of application development Brian Goode from Kinnect. Goode’s departure comes less than a month after the high profile resignations of executive chairman Iain Saville and CEO Toby Davies.
    03 October 2005
  • Rating agencies could precipitate liquidity crisis through downgrades
    The threat of a Post-Katrina liquidity crunch has grown as the rating agencies have become more aggressive in responding to the industry’s exposures to the loss. Initially, rating agencies such as Standard & Poor’s (S&P) and AM Best appeared...
    03 October 2005
  • HCC commutes outstanding A&H reinsurance contracts
    HCC Insurance Holdings revealed last week that it will take a third quarter charge of $17mn – the equivalent of 16 cents a share – after commuting around $145mn of reinsurance recoverables.
    03 October 2005
  • MMC sees significant client take-up of $850mn restitution fund
    More than 90 percent of Marsh’s largest US policyholders have signed up to the restitution fund created by MMC as part of its settlement with New York attorney general Eliot Spitzer.
    03 October 2005
  • Assets grow as profits fall at Atrium
    Atrium’s pre-tax profits fell to £13.4mn the company reported in its first-half results for 2005, down from a restated figure of £15.7mn for the same period in 2004. The Lloyd’s underwriter reported its interim results on 28 September with net...
    03 October 2005
  • Converium renews GUAM fronting arrangement
    Converium has renewed its fronting arrangement with Berkshire Hathaway’s National Indemnity Company and Munich Re which enables the Swiss Reinsurer to continue as a member of the aviation pool Global Aerospace Underwriting Managers Ltd until...
    03 October 2005
  • PXRE answers back with capital initiatives
    Bermudian reinsurer PXRE has expressed its disappointment at being downgraded by leading rating agencies Standard & Poor’s (S&P) and AM Best as it strives to get away a $475mn capital raising initiative to bolster a capital base decimated by Hurricanes...
    03 October 2005
  • S&P assigns CreditWatch to Aspen as Katrina estimates rocket
    Bermuda-based Aspen Insurance Holdings has become the latest company to face the prospect of a downgrade by Standard & Poor’s (S&P) in the wake of Hurricane Katrina, after it today (3 October) revealed its estimated net losses from the hurricane and...
    03 October 2005
  • Hurricane update: AIR releases flooding loss estimates
    Catastrophe modelling firm AIR has for the first time released detailed loss estimates for storm surge and flood damage as a result of Hurricane Katrina. On 29 September the company said damage by water would likely reach $44bn.
    03 October 2005
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