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Swiss Re to lose 2,000 jobs
Swiss Re - the world's largest reinsurer - will lose 2,000 jobs following its acquisition of GE Insurance Solutions.
17 July 2006
JLT opens Dubai base
UK headquartered broker JLT Risk Solutions has opened an office in Dubai’s International Financial Centre.
18 October 2004
Arch profits rise
Quarterly profits were up to $137.8mn, compared to $126mn in the prior-year period, at Bermudian (re)insurer Arch Capital when it announced its results on 27 July.
31 July 2006
Lloyd’s sues Aon and Benfield over Central Fund insurance failure
Lloyd’s confirmed today (3 February) that it will pursue legal action against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract which failed to engage following an arbitration decision last year.
03 February 2006
Swiss Re to lose 2000 jobs
Swiss Re - the world's largest reinsurer - will lose 2000 jobs following its acquisition of GE Insurance Solutions. The reinsurer said it has already reduced 250 positions, many at “management level”.
11 July 2006
Converium woes continue with class actions and Insider trading probes
Swiss reinsurer Converium paid the price of getting its $420mn rescue rights issue package approved last week, with news that it faces at least four shareholder class actions following this summer’s revelations that it was significantly under-reserved.
11 October 2004
XL replaces Lusardi
XL Capital has replaced Rob Lusardi, the head of one of its three core business units, with Paul Giordano.
11 October 2004
R&SA continues de-risking US
UK general insurer Royal & Sun Alliance (R&SA) announced first quarter pre-tax profits of £122mn, unchanged from the corresponding period of 2005.
12 June 2006
AXIS bucks trend with strong top-line growth
AXIS Capital Holdings Ltd (AXIS) announced strong results for the first quarter 2007, citing new reinsurance business in the US and Europe as the main driver.
11 May 2007
AIG: American National a "disgrace"
AIG has lashed out at one of its reinsurers in a strongly worded complaint filed in the US District Court of the Southern District of New York.
01 March 2002
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