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Typhoon Fitow hits Japan, but insured losses under $1bn
Typhoon Fitow, this year’s ninth named storm in the western Pacific, made landfall in Kanagawa state southwest of Tokyo on 7 September, with maximum sustained winds of 86 mph.
10 September 2007
Restatements to cost Max Re $18.3mn; Q1 results avert delisting threat
Bermudian reinsurer Max Re has today filed its first quarter results, a move that should avert its delisting from the Nasdaq trading exchange.
01 June 2006
Wellington predicts strong 2003 result
Lloyd’s insurer Wellington Underwriting plc provided evidence that 2003 will be an excellent underwriting year for the Society when revealing last week that its Syndicate 2020 should make a profit of between 11 and 18 percent of capacity.
16 February 2004
Xchanging to launch Deutsche Bank joint venture
Claims management and outsourcing firm Xchanging is in negotiations with Deutsche Bank to take over the handling of its back office securities clearing processes.
19 April 2004
Swiss Re structures $400mn life securitisation deal
Swiss Re has launched Vita Capital Ltd, the first ever bond securitising life reinsurance risk instead of retrocessional cover.
08 December 2003
Hammond joins Alexander Forbes
Alexander Forbes has appointed Mike Hammond, the former Marsh UK chief executive and JLT Risk Solutions chief executive, as the deputy chairman of its International Risk Services business.
30 May 2006
Willis Italian team sees further Aon migrations
Willis Group Ltd has seen further migrations from its Italian team to rival Aon Ltd following the recent resignation of the unit head, Alberto Carrara.
30 May 2006
Converium back in black from declining income
Swiss reinsurer Converium reported its net income of $61.6mn in its first quarter results, taking the company back to a profit after a $5.5mn loss in the prior-year period.
30 May 2006
Alexander Forbes in R380mn "bulking" settlement
Alexander Forbes Group Ltd has announced a Rand380mn (£31mn) settlement with South African regulators over its practice of "bulking" pension funds and said the package will reduce its 2005 earnings by 20 percent.
30 May 2006
Greenberg Jr ascends to ACE throne
Bermudian insurer ACE last week announced that Evan Greenberg would assume the role of CEO as of 27 May 2004. The move will see the replacement of current ACE chief Brian Duperreault, who, ACE said, will remain as chairman.
15 March 2004
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