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There are 68,964 results that match your search.68,964 results
  • Leverage a growing problem for Katrina exposed carriers
    Uncertainty over the ceiling for insured losses arising from Hurricane Katrina remains, as (re)insurers continue to revise estimates upwards. On Friday (7 October), shares in Bermuda-headquartered GoshawK tumbled after it revealed its gross losses...
    10 October 2005
  • Ex GoshawK chief executive to buy Bermudian reinsurer
    The former GoshawK chief executive Chris Fagan is set to acquire the run-off Bermudian reinsurer Overseas Partners Re Ltd (OP Re) with backing from Japanese private equity house Nikko Principal Investments Ltd.
    10 October 2005
  • Solvent schemes boosted by DAP and Reliance decisions
    Supporters of solvent schemes of arrangement have received a series of welcome boosts following July’s High Court refusal to approve the British Aviation Insurance Company (BAIC) scheme, citing concerns that some policyholders were not being given...
    10 October 2005
  • Alleged Pender fraud laid bare
    Cable & Wireless captive was ‘surrounded in secrecy and protected by lies’ Allegations of fraud, conspiracy and obfuscation were laid out in the Royal Courts of Justice earlier this month with opening submissions by telecommunications firm...
    10 October 2005
  • Kiln withdraws from Gulf of Mexico hurricane risks for 2005
    Kiln Underwriting has confirmed that it will write no further wind-exposed Gulf of Mexico (GOM) risks for the remainder of the 2005 hurricane season. In an interview with The Insurance Insider, Charles Franks, active underwriter on Syndicate 510...
    10 October 2005
  • Lloyd's broker in multi-million Pound fraud allegation
    The City of London police are conducting an investigation into allegations of fraud at Lloyd’s broker Besso Ltd after the company discovered irregularities in some client funds’ accounts, The Insurance Insider can reveal.
    10 October 2005
  • Price Forbes in MBO talks
    MMC’s London based wholesale arm Price Forbes is in advanced management buy-out talks, The Insurance Insider can reveal. The move follows New York attorney general Eliot Spitzer’s investigations into the industry which have led to MMC’s rivals Aon...
    10 October 2005
  • CBS restructures novel investment fund after capital raising short-fall
    Lloyd’s members’ agency CBS Private Capital has decided to restructure its new investment fund Insurance Capital Partners (ICP) after failing to excite sufficient investor interest. Launched with much fanfair this summer, Insurance Capital Partners...
    10 October 2005
  • Chubb’s Q3 cat loss at $600mn before tax
    US insurer the Chubb Corporation has placed its 2005 third quarter catastrophe loss estimate at roughly $600mn gross and $390mn post-tax.
    10 October 2005
  • Converium commutes liabilities
    Swiss reinsurer Converium has commuted net reserves of almost $250mn relating to the liabilities of Converium Reinsurance (North America) Inc during the third quarter of this year.
    10 October 2005
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