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Investment gains boost PartnerRe bottom line
Bermuda headquartered (re)insurer PartnerRe has reported net income of $143.7mn, or $2.54 per share on a fully diluted basis, for the fourth quarter of 2004.
14 February 2005
SCOR falters in 2004; but strengthens at renewals
French reinsurer SCOR has revealed the extent to which its business declined in 2004. In its full year earnings release the company unveiled a litany of decreases in the amount of business written since its financial strength ratings were slashed in 20
14 February 2005
CNA returns to the black
US insurer CNA surprised its cassandras with an upbeat fourth quarter which included a 75 percent rise in profits.
14 February 2005
Guy Carpenter reshuffles UK management
David Priebe, the president of Guy Carpenter Europe, has replaced Keith Fenwick as the chief executive of Guy Carpenter’s UK operations.
14 February 2005
Market awaits news on Converium renewals
Later this week, the reinsurance industry will finally discover the impact last year’s reserving woes have had on Converium’s business.
14 February 2005
Hiscox acquires Insurex Expo-Sure
Lloyd’s insurer Hiscox plc has acquired the UK event cancellation provider Insurex Expo-Sure from Alexander Forbes.
07 February 2005
Willis Re appoints new CEO
Willis Re has announced the appointment of Peter C Hearn as head of its US operations following the promotion of his predecessor George Reeth to the position of president of Willis North America.
07 February 2005
Carnegie-Brown role grows
Bruce Carnegie-Brown, CEO of Marsh’s UK operations has been promoted to the position of president and CEO of the broker’s Europe and Middle East Operations.
07 February 2005
ACE positive on Connecticut law-suit
ACE Ltd is confident that it can rebuff the lawsuit brought by Connecticut’s attorney general Richard Blumenthal alleging the Bermudian giant paid “kickbacks” to secure a workers’ compensation contract, according to its president and chief executive Evan
07 February 2005
Mitsui Sumitomo gains AA- financial guarantee rating
London market insurer Mitsui Sumitomo Insurance (London) Ltd (MSIL) has been awarded an AA- financial enhancement rating (FER) by the rating agency Standard & Poor’s.
07 February 2005
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