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There are 68,813 results that match your search.68,813 results
  • Katrina update: Some Bermudians hit hard; Lloyd’s continues to release loss estimates
    Following a mandated 12 September deadline to provide loss estimates, Lloyd's vehicles have continued paint a picture of the scale of the claims they are facing. Meanwhile other (re)insurers, led by those based in Bermuda, have begun to release...
    19 September 2005
  • Ratings agencies react to Katrina
    AM Best has become the latest ratings agency to reassess its stance on (re)insurers affected by Hurricane Katrina. Its most significant move was to downgrade the financial strength of Olympus Re to B+ (Very Good) from A- (Excellent), while...
    19 September 2005
  • Hank Greenberg hints at China return
    Industry legend Maurice “Hank” Greenberg gave his strongest hint yet that he plans to return following his ousting from insurance giant American International Group Inc in March. In an interview with Reuters last week, the 80-year old said...
    19 September 2005
  • Retro loss warranty buyers face post Katrina price hike
    As the reinsurance industry converged on Monte Carlo for the annual reinsurance Rendez-Vous last week, conversations seldom strayed far from Hurricane Katrina. But amidst the champagne and conjecture, there was a general consensus that rates would...
    19 September 2005
  • Ophelia’s impact limited; but Rita rings alarm bells
    But hurricane season far from over... Hurricane Ophelia will create insured losses of no larger than $800mn, according to the latest estimates from catastrophe modelling firm AIR.
    19 September 2005
  • Way lambasts early post-Katrina numbers
    Stephen Way, CEO of HCC Insurance Holdings, has hit out at (re)insurers for publishing inaccurate loss estimates in the wake of Hurricane Katrina. Speaking to Insider Week, Way said it was a “cop out” for certain companies to report their market...
    19 September 2005
  • Montpelier Re restores battered balance sheet with $600mn capital raising
    Bermudian reinsurer Montpelier Re acted swiftly to restore its Hurricane Katrina battered balance sheet by raising some $600mn from selling its stock at $24 per share. The “class of 2001” reinsurer saw its share price plummet 17 percent...
    19 September 2005
  • Katrina litigation begins as Mississippi AG sues insurers
    First hints of Katrina litigation and political pressure on insurers The first evidence of the likely upcoming political pressure against insurers to pay claims in the wake of Hurricane Katrina became evident last week when Democrat Mississippi...
    19 September 2005
  • Correction: Insider Week 190
    Margins up at Equitas On 12 September, Insider Week stated that Equitas’ insolvency margin had increased. This was incorrect. The opening paragraph of the story should have read: Equitas announced its annual results for the year ended 31 March 2005...
    19 September 2005
  • Former Marsh execs indicted
    New York attorney general Eliot Spitzer has formally charged eight former Marsh & McLennan executives after an investigation into bid rigging and price fixing. William Gilman-executive marketing director and enforcer of Marsh’s placement service...
    19 September 2005
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