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SCOR facing WTC blow
Resurgent French reinsurer SCOR is facing the threat of a sizable hit from the recent $2bn settlement between (re)insurers and the World Trade Center (WTC) developer Larry Silverstein.
11 June 2007
US Supreme Court gives heart to insurers
In a welcome reversal of type, the US Supreme court delivered a pro insurer judgement earlier this month restricting the scale of punitive damage awards. In State Farm Mutual vs Campbell et al, the US Supreme Court decided by a 6-3 majority that puniti
01 April 2003
AXIS powers ahead with rapid US growth
Hot on the heels of its successful float on the New York Stock Exchange, Bermudian AXIS Holdings has reported continued strong performance for the first six months of the year.
18 August 2003
White Mountains bucks buyback trend with $250mn share offer
Bermudian (re)insurer White Mountains Re Group Ltd (White Mountains) ploughed its own furrow in the insurance field with an announcement of a $250mn offer of fixed/floating perpetual non-cumulative preference shares.
21 May 2007
Willis concludes strong year
Willis Group finished 2003 with a healthy organic growth of 15 percent for the year as it revealed total revenues had grown 20 percent to $2076mn.
09 February 2004
Rating agencies down on Royal
Standard & Poor’s (S&P) has echoed rating agency rival Moody’s concerns over the capital adequacy of Royal &Sun Alliance’s (R&SA) US operations.
14 July 2003
Bromley leaves Guy Carpenter
Geoff Bromley has left the global reinsurance broker, Guy Carpenter & Co, where he was chairman of the company’s non-Americas operations in Europe and Asia-Pacific, The Insurance Insider can reveal.
01 August 2007
Senator Hatch’s bipartisan plans
As widely expected and reported in issue 70 of Insider Week, Republican Senator Orrin Hatch introduced his much anticipated bipartisan bill last Thursday to establish a $108bn trust fund to provide compensation to asbestos victims. The Senator announced h
27 May 2003
AXIS set to IPO this week
Axis Capital Holdings, the specialty (re)insurer formed in response to the post 9/11 capacity crunch, will float this week on the New York Stock Exchange valuing the firm at around $3.3bn.
30 June 2003
Amlin Bermuda looks to diversify with Wellington hire
Amlin Bermuda has picked up underwriter Richard Holden from Wellington Underwriting plc following the Lloyd’s insurer’s merger with rival Catlin.
19 March 2007
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