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There are 68,964 results that match your search.68,964 results
  • 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
  • HCC commutes outstanding A&H reinsurance contracts
    HCC Insurance Holdings revealed last week that it will take a third quarter charge of $17mn – the equivalent of 16 cents a share – after commuting around $145mn of reinsurance recoverables.
    03 October 2005
  • MMC sees significant client take-up of $850mn restitution fund
    More than 90 percent of Marsh’s largest US policyholders have signed up to the restitution fund created by MMC as part of its settlement with New York attorney general Eliot Spitzer.
    03 October 2005
  • Imagine Group acquires another Lloyd’s insurer
    Barbados headquartered reinsurer Imagine Group has entered an agreement to acquire its third Lloyd’s insurer after confirming that it is to add Abacus Syndicates Ltd to its stable.
    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
  • 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 today in the Wall Street Journal (WSJ).
    29 September 2005
  • S&P: industry outlook lowered on Katrina impact
    Ratings agency Standard & Poor's (S&P) has lowered its outlook on the reinsurance industry to negative from stable, suggesting that company downgrades will outnumber upgrades for the remainder of the year.
    28 September 2005
  • IFRS rules boost Hardy profits
    A good set of first-half year results for Hardy Underwriting Group was boosted by IFRS accounting rules which improved income by £1mn. The insurer released its interim results for the six months up to 30 June 2005 on 22 September and saw...
    26 September 2005
  • Connecticut A-G expands MMC complaint
    It was a bittersweet week for MMC in its negotiations with US regulators to settle the investigations and allegations into the firm’s past business practices. On the one hand, the broking giant entered into an agreement with the National Association...
    26 September 2005
  • Lloyd’s syndicates expand in anticipation of post-Katrina rate hikes
    One month ago it looked like overall capacity would be down at Lloyd’s next year, now with the market changed by Hurricane Katrina the reverse could be true. Although total industry losses and individual insurer losses caused by Hurricane Katrina...
    26 September 2005
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