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There are 68,964 results that match your search.68,964 results
  • XL shares fall sharply on $1.47bn cat losses
    Bermudian based insurance giant XL Capital has seen its shares fall sharply after estimating a third quarter post-tax catastrophe loss of $1.47bn.
    26 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...
    26 October 2005
  • AM Best shows muscles with Montpelier Re downgrade
    AM Best’s decision to downgrade Montpelier Re despite the reinsurer raising $600mn in the aftermath of Katrina is the latest example of the get tough approach of the rating agencies. It is also good news for the proposed start-up reinsurers who are...
    25 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...
    25 October 2005
  • Loss estimates on Wilma reach to $10bn
    After equalling records by becoming the 21st named storm in a season, Hurricane Wilma this week ploughed its way across the Florida peninsula, flattening houses and businesses and leaving flooding in its wake.
    25 October 2005
  • AM Best: hurricanes not a solvency issue for US P&C industry
    Despite the depredations of the 2004 and 2005 hurricane seasons, the US property/casualty sector appears to be in rude health – at least for the time being, if the latest industry report from ratings agency AM Best is to be believed. In its report...
    24 October 2005
  • Nigerian plane crash kills 117
    The black boxes have been recovered from the site of Saturday (22 October) night’s plane crash in Nigeria. The Bellview Airlines Boeing 737 crashed minutes after take-off in Lagos on its way to the Nigerian capital Abuja killing all 117 crew and...
    24 October 2005
  • Greenberg’s Starr sues for independence from AIG
    Former American International Group (AIG) chief executive, Maurice "Hank" Greenberg, is countersuing his former company through Starr International Company (SICO) in a growing dispute over control of a 12 percent stake in AIG worth nearly $20bn.
    24 October 2005
  • CAT models under FSA microscope
    The Financial Services Authority (FSA) gave a stark warning against using CAT models with insufficient data as it announced it is to launch a review of the models place in risk management systems. Speaking at the ACORD Forum in London last Thursday...
    24 October 2005
  • Allstate reduces exposure to Gulf Coast homeowners’ risks
    America’s second largest personal line insurer Allstate has said it will reduce coverage of homeowners’ risks in the Gulf Coast region after being hit by a $1.55bn loss in the third quarter as a result of Hurricane Katrina. Speaking to analysts in a...
    24 October 2005
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