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There are 68,988 results that match your search.68,988 results
  • RenRe disappoints as earnings slump
    Bermuda-headquartered RenaissanceRe last week (3 May) reported a disappointing set of first quarter results, as losses from Windstorm Erwin battered the bottom line. The performance raises doubts over the reinsurer’s ability to meet 2005 earnings projecti
    09 May 2005
  • SEC serves Wells notice on Gen Re executive
    The US Securities and Exchange Commission (SEC) is considering filing a civil securities-fraud complaint against Rick Napier, an executive at Berkshire Hathaway subsidiary General Re, according to the Wall Street Journal.
    09 May 2005
  • Plumeri’s $82mn share sale
    Willis chairman and chief executive Joe Plumeri will sell 2,350,000 shares of the company’s common stock beginning in June, the broker announced last week. As at noon on 9 May, 2005, Willis shares were trading at $35.24 so barring any significant...
    09 May 2005
  • JLT may be forced to cut dividend, says analyst
    UK broker Jardine Lloyd Thompson Group plc may be forced to cut its dividends to shore up its balance sheet in a declining rating environment, according to a Merrill Lynch research report issued today (9 May).
    09 May 2005
  • AIG downgraded to A+
    The financial strength ratings of world’s largest insurer AIG have been downgraded to A+ (Superior) from A++ (Superior) with negative implications by AM Best. In a statement the ratings agency said the downgrade came about because of further disclosure
    09 May 2005
  • HCC maintains strength
    US insurer HCC Insurance Holdings released another set of record quarterly results last Tuesday (3 May) as net profits increased 29 percent to $57.3mn or $0.81 a share against the $44.6mn or $0.68 a share recorded by the company in the first three months
    09 May 2005
  • Platinum profits up
    Bermuda-based Platinum Underwriters has reported net profits up by a third to $73.1mn for the first quarter of 2005, generated from net earned premiums up from $321.04mn to $411.04mn.
    09 May 2005
  • Endurance stabilises
    Post-9/11 start-up Endurance Specialty has reported first quarter net profits of $96.3mn or $1.45 a share, fractionally down on the prior-year figure of $100.9mn or $1.47 a share. But operating income, which excludes realised gains and losses, rose from $
    09 May 2005
  • ‘On track’ Allianz targets retail savings growth
    German giant insurer Allianz announced that its first quarter result and growth are “on track” as it pre-empted the release of its full financials for the period this Friday (13 May).
    09 May 2005
  • Berkshire buys Medical Protective
    Less than a week after revealing it was close to an insurance acquisition, Berkshire Hathaway confirmed that it has agreed to purchasing General Electric’s medical professional liability insurer, Medical Protective Corporation.
    09 May 2005
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