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There are 67,428 results that match your search.67,428 results
  • Lloyd’s insurer Ascot has reacted swiftly to the loss of former non-executive Richard Brindle to Bermudian start-up Lancashire with the appointment of two new non-execs, Ian Martin and Martyn Hedley. Former broker Hedley is a veteran of 40 years in...
  • Ratings agency Moody's has downgraded the performance rating of property catastrophe insurer RJ Kiln Syndicate 557 from "A" Very Good to "A-" Good with a stable outlook. Moody's said the downgrade was because of management proposals to reduce the syndi
  • World's largest insurer AIG confirmed on 29 September that one of its business units was now under criminal investigation by the US Department of Justice for alleged violations of federal securities laws.
  • Lloyd’s insurer Amlin is to form a $1bn capitalised Bermudian reinsurance company to take advantage of the post-storms rating environment.
  • Run-off (re)insurer Alea Group turned around its 2007 post-tax loss of $78.2mn with a 22.5 percent reduction in its liabilities from $1.5bn to $1.2bn and a profit of $3.9mn.
  • Lloyd’s insurer Illium has reached a provisional agreement to expand its 2006 capacity through a coinsurance arrangement with Great Lakes UK, a subsidiary of world’s largest reinsurer Munich Re.
  • Amlin plc became the first Lloyd’s insurer to publicly estimate its exposures to Katrina, as it projected $110mn net of reinsurance – but shares in the group rose almost 3 percent on strong first half figures.
  • American International Group (AIG) announced last week that it had agreed to buy a 9.9 percent stake of Chinese insurer PICC Property & Casualty for between $200mn and $300mn.
  • Philip Grant, chairman of The Association of Run-Off Companies (ARC), is behind a new run-off service provider in London.
  • A trend of expensive P&I (protection & indemnity) pool claims is set to feed through to further rate increases for shipowners, according to the latest report by broker Aon on the sector.