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There are 68,963 results that match your search.68,963 results
  • Lloyd’s insurers plan capital raising initiatives
    Lloyd’s insurers are set to follow their Bermudian rivals by going to the capital markets to raise funds, Insider Week can reveal. But in contrast to many of the specialist Bermudian based property catastrophe reinsurers, most of the Lloyd’s...
    31 October 2005
  • Former America Re exec to head start-up Bermudian reinsurer Validus
    Ed Noonan, the former chief executive of America Re, is to head the latest reinsurer set to establish itself on Bermuda. Validus Holdings Ltd is currently raising funds via a US private placement and, according to well placed sources, is being...
    31 October 2005
  • 3Qs reveal hurricane pain for Bermuda cat specialists
    The pain inflicted by Hurricanes Katrina and Rita is clearly reflected in the third quarter reporting of cat specialists Partner Re, PXRE and IPC Re, three of the island’s older guard of (re)insurers. Last week, the trio announced heavy losses for...
    31 October 2005
  • Hiscox upbeat despite rising Katrina losses
    Lloyd’s insurer Hiscox plc painted an upbeat picture of the company’s prospects despite increasing its net loss estimates by $10mn on Hurricane Katrina. In an announcement to the London Stock Exchange this morning (31 October), the company said it...
    31 October 2005
  • Delphi withdraws from reinsurance following Katrina
    US employee benefits services company Delphi Financial Group said it will withdraw from property reinsurance following this year’s severe storm losses.
    31 October 2005
  • HSBC expands PI division with appointment
    HSBC Insurance Brokers has expanded its professional indemnity arm with the appointment of Edward Donne as division director.
    31 October 2005
  • AM Best affirms Converium
    Ratings agency AM Best affirmed its B++ (Very Good) financial strength rating on Swiss reinsurer Converium and its main subsidiaries with a stable outlook last week. It said the affirmation reflected Converium’s “very good risk-adjusted...
    31 October 2005
  • Lloyd’s based broker goes into liquidation
    Lloyd’s based broker Fabien Risk Services Ltd has gone into liquidation with debts of over £700,000 and questions over the behaviour of some of its former directors. The company, which was formed in 2001 and traded from offices in Romford, Essex and...
    31 October 2005
  • Chubb to back $1.5bn Bermudian reinsurer start-up
    Post-Katrina start-up activity is gaining momentum with news that US insurer Chubb Corp is set to help launch a new Bermudian reinsurer, Harbor Point Ltd. Chubb will own 16.25 percent of the new company, which will begin writing business from...
    31 October 2005
  • HCC buys Lloyd’s insurer
    HCC Insurance Holdings has acquired the Lloyd’s based liability insurer Illium Insurance Group Ltd. HCC, which has provided capital to Illium since it began underwriting in 2004, has acquired the remaining 80 percent of the outstanding shares in the...
    31 October 2005
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