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There are 68,821 results that match your search.68,821 results
  • JLT Re to go live in 2006
    Jardine Lloyd Thompson group plc plans to separate its reinsurance division into a new trading operation, JLT Re, that will begin trading next year as the broking group continues its drive to grow its reinsurance market share.
    01 August 2005
  • CNA suffers losses
    CNA Surety Corporation has announced that it made a net loss for the second quarter of 2005. The loss of $11.9mn, or 28 cents a share, compared to net income of $10.2mn, or 24 cents a share, for the same period last year.
    01 August 2005
  • PartnerRe profits up, premiums down
    Bermudian reinsurer PartnerRe said it expects to write 5-10 percent less business in this year than in 2004, as it reported second quarter 2005 net income of $159.9mn or $2.72 a share, up from $119.8mn or $2.12 a share in the same period last year.
    01 August 2005
  • IPC Re optimistic on cat conditions
    Property catastrophe specialist IPC Re last week (26 July) reported net income of $64.1mn or $1.32 a share, down on the $74.1mn or $1.53 a share booked in the second quarter of 2004.
    01 August 2005
  • Endurance shows staying power
    Bermudian post-9/11 start-up Endurance last week (26 July) announced second quarter net profit of $110.0mn, or $1.67 a share – marginally down on the $114.8mn or $1.69 a share earned in the prior-year period.
    01 August 2005
  • RenRe reserve release boosts result
    On the face of it, the scrutiny surrounding RenaissanceRe and its chairman and CEO Jim Stanard failed to halt the Bermudian’s progress in the second quarter of 2005 as it reported $172.0mn net income and $170.4mn operating income –up on the $148.1mn and..
    01 August 2005
  • Reserve charge hits XL earnings
    As expected, Bermudian giant XL Capital last week (27 July) reported a 68 percent drop in second quarter earnings as the $191mn pre-tax reserve charge revealed earlier in the month fed through to the bottom line.
    01 August 2005
  • Cherkasky in $3.5mn salary deal
    World's largest insurance broker Marsh & McLennan has announced that it will pay its new chief executive Michael Cherkasky at least $3.5mn in salary and bonus for 2005 under a new three-year employment contract.
    01 August 2005
  • QBE acquires American insurer
    Australian reinsurer QBE has bought National Farmers Union Property and Casualty Co (NFU), a small US insurer, for about $140mn in order to boost premium income.
    01 August 2005
  • Omega mothballs Hardy bid
    Omega has walked away from a possible bid for fellow Lloyd’s insurer Hardy.
    01 August 2005
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