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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 last week, revealing...
14 September 2005
Katrina update: Some Bermudians hit hard; Lloyd’s continues to release loss estimates
Bermudian (re)insurers have begun to release their estimates of the financial impact of Hurricane Katrina. Meanwhile, following a mandated 12 September deadline to provide loss estimates, Lloyd's vehicles have continued paint a picture of the scale of th
14 September 2005
Margins up at Equitas
Equitas announced its annual results for the year ended 31 March 2005 last week, revealing a rise of 2.4 percent in its insolvency margin.
12 September 2005
Benfield see profits drop
Reinsurance broker Benfield announced a 10.5 percent drop in pre-tax profits when it revealed its first-half results last Thursday (8 September).
12 September 2005
SCOR receive ratings boost
French reinsurer SCOR group received a welcome boost on 9 September when international rating agency Fitch Ratings upgraded its Insurer Financial Strength (IFS) from ‘BBB’ to ‘BBB+’.
12 September 2005
Booth leaves Aon for Allianz
Clement Booth has joined the management board of Allianz AG where he will be responsible for the UK insurance markets on the board.
12 September 2005
ZFS releases European flooding loss estimates, comments on Katrina
Swiss insurer Zurich Financial Services (ZFS) has released its preliminary estimates of losses resulting from the recent flooding in Switzerland, southern Germany and Austria.
12 September 2005
Alea crippled by S&P downgrade; put up for sale
On the eve of the key Monte Carlo reinsurance Rendez-Vous event, Standard & Poor’s (S&P) again downgraded a troubled reinsurer below its pivotal ‘A-’ rating.
12 September 2005
Katrina: an overview
As Monte Carlo gets underway, a consensus is beginning to emerge that Hurricane Katrina is an industry changing event, with profound implications for balance sheets, rates and capitalization.
12 September 2005
Plumeri calls for hurricane heroes
Joe Plumeri has called on the insurance industry to be heroic in the wake of Hurricane Katrina. The Willis chairman and CEO was speaking at this year's PricewaterhouseCoopers Breakfast Briefing at the Reinsurance Rendezvous in Monte Carlo.
12 September 2005
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