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There are 68,964 results that match your search.68,964 results
  • AIG sues Greenberg over control of $20bn shares
    Giant insurer American International Group (AIG) has taken legal action in an effort to seize $20bn of its own shares from the control of ousted former chief executive Maurice “Hank” Greenberg, according to reports last week (29 September) in the Wall...
    03 October 2005
  • RenaissanceRe under ratings watch
    AM Best has placed Bermudian reinsurer RenaissanceRe and its subsidiaries under review with negative implications for financial strength and debt ratings. The rating review follows the company’s receipt of a Wells Notice from the Securities and...
    03 October 2005
  • S&P assigns CreditWatch to Aspen as Katrina estimates rocket
    Bermuda-based Aspen Insurance Holdings has become the latest company to face the prospect of a downgrade by Standard & Poor’s (S&P) in the wake of Hurricane Katrina, after it today (3 October) revealed its estimated net losses from the hurricane and...
    03 October 2005
  • Post Katrina capital surge gathers pace - Total raised tops $3.2bn; more on the way
    ACE has today (3 October) become the latest (re)insurer to announce capital raising plans in the wake of Hurricanes Katrina and Rita, as the industry responds to plug balance sheet gaps and prepare for the underwriting opportunities ahead.
    03 October 2005
  • QBE buys marine insurer
    Australian insurer QBE signed an agreement on 27 September for the acquisition of specialist insurer British Marine for an expected purchase price of $204mn. The purchase price will be close to 1.7 times the firm’s net tangible assets, which are...
    03 October 2005
  • Assets grow as profits fall at Atrium
    Atrium’s pre-tax profits fell to £13.4mn the company reported in its first-half results for 2005, down from a restated figure of £15.7mn for the same period in 2004. The Lloyd’s underwriter reported its interim results on 28 September with net...
    03 October 2005
  • Converium renews GUAM fronting arrangement
    Converium has renewed its fronting arrangement with Berkshire Hathaway’s National Indemnity Company and Munich Re which enables the Swiss Reinsurer to continue as a member of the aviation pool Global Aerospace Underwriting Managers Ltd until...
    03 October 2005
  • Hurricane update: AIR releases flooding loss estimates
    Catastrophe modelling firm AIR has for the first time released detailed loss estimates for storm surge and flood damage as a result of Hurricane Katrina. On 29 September the company said damage by water would likely reach $44bn.
    03 October 2005
  • Sentencing postponed in Spitzer guilty pleas
    Three US insurance executives who pleaded guilty to charges arising from New York attorney general Eliot Spitzer’s investigations into the industry will not be sentenced until next year after the presiding judge postponed his decision. Former Marsh...
    03 October 2005
  • Rita evacuation not an interruption of business
    Texan businesses that followed US government recommendation to flee from the advancing Hurricane Rita could now find they have no valid claim for Business Interruption.
    03 October 2005
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