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There are 68,964 results that match your search.68,964 results
  • Lloyd’s insurers announce record profits
    Chaucer announced record interim results today (19 September) with pre-tax profits up 79 percent to £35.8mn for the six months ending on 30 June 2005. The results were well ahead of forecasts and largely due to excellent performance in the motor...
    19 September 2005
  • Berkshire Hathaway to win race for $250mn Sompo run-off portfolio
    Berkshire Hathaway looks set to acquire Sompo Japan Insurance Inc’s run-off portfolio, Insider Week can reveal. According to sources, Berkshire Hathaway has trumped UK run-off acquisition specialists Ruxley Ventures who had tabled an alternative...
    19 September 2005
  • Way lambasts early post-Katrina numbers
    Stephen Way, CEO of HCC Insurance Holdings, has hit out at (re)insurers for publishing inaccurate loss estimates in the wake of Hurricane Katrina. Speaking to Insider Week, Way said it was a “cop out” for certain companies to report their market...
    19 September 2005
  • Montpelier Re restores battered balance sheet with $600mn capital raising
    Bermudian reinsurer Montpelier Re acted swiftly to restore its Hurricane Katrina battered balance sheet by raising some $600mn from selling its stock at $24 per share. The “class of 2001” reinsurer saw its share price plummet 17 percent...
    19 September 2005
  • Katrina update: Some Bermudians hit hard; Lloyd’s continues to release loss estimates
    Following a mandated 12 September deadline to provide loss estimates, Lloyd's vehicles have continued paint a picture of the scale of the claims they are facing. Meanwhile other (re)insurers, led by those based in Bermuda, have begun to release...
    19 September 2005
  • Ratings agencies react to Katrina
    AM Best has become the latest ratings agency to reassess its stance on (re)insurers affected by Hurricane Katrina. Its most significant move was to downgrade the financial strength of Olympus Re to B+ (Very Good) from A- (Excellent), while...
    19 September 2005
  • 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...
    19 September 2005
  • Morgan Stanley: trading volatile in near term
    Morgan Stanley analyst William Wilt has advised investors to remain selective as new capital opportunities arise with (re)insurers in the wake of Hurricane Katrina. In a research note released on 13 September Wilt warned that “trading on reinsurers...
    19 September 2005
  • Katrina litigation begins as Mississippi AG sues insurers
    First hints of Katrina litigation and political pressure on insurers The first evidence of the likely upcoming political pressure against insurers to pay claims in the wake of Hurricane Katrina became evident last week when Democrat Mississippi...
    19 September 2005
  • BMS appoints new chief executive of Asian operation
    London headquartered reinsurance specialist BMS Group has appointed Andrew Harrris as the new chief executive of its Singapore based operation, BMS Asia Intermediaries Pte Ltd.
    19 September 2005
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