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There are 68,878 results that match your search.68,878 results
  • Benfield: Bermuda builds capital nest egg
    Bermuda’s (re)insurers continued to build their balance sheets in the second quarter on the back of another strong earnings period.
    06 September 2004
  • Imagine expands with $100mn fund raising
    The Barbados headquartered reinsurer Imagine Group has increased its capital base to over $500mn with a $100mn private placement to institutional investors.
    06 September 2004
  • SVB shares fall 25 percent on prior-year deterioration; builds £103mn legacy fund
    Lloyd’s insurer SVB saw its share price fall by 25 percent last week as it revealed further deterioration from its run-off US legacy exposures.
    06 September 2004
  • New Spitzer subpoena adds to PSA tally
    The investigation by New York attorney general Eliot Spitzer into the use of Placement Service Agreements (PSAs) shows no sign of coming to an end, with the latest development being a subpoena issued against Bermuda based AXIS Capital Holdings Limited on
    06 September 2004
  • Charman applauds Xchanging after AXIS outsourcing initiative
    John Charman, the former Lloyd’s deputy chairman and founding president of fast expanding Bermudian (re)insurer AXIS Capital, has praised the UK outsourcing firm Xchanging after agreeing a five year deal to manage AXIS’ back office functions in the United
    06 September 2004
  • Ratings woe for Converium
    Ratings agencies wasted little time in responding to last Tuesday’s (31 August) announcement by Converium of further reserving deficiencies following an independent actuarial review, casting a further shadow over the troubled reinsurer as it heads into th
    06 September 2004
  • Lloyd’s stocks “undervalued” by exiting investors
    On the eve of the Lloyd’s insurers’ interim financial results, a leading insurance analyst has reminded investors that there is still merit in investing in the stocks for both capital gains and income.
    06 September 2004
  • Amlin’s strong posting kicks off Lloyd’s reporting season
    Lloyd’s vehicle Amlin revealed healthy results for the first half of the year in its latest interims. Among the highlights was a 17.2 percent increase in pre-tax profits to £74.2mn; a 10-point combined ratio improvement to just 73 percent and gross premiu
    06 September 2004
  • Mitsui warns of alleged fraud
    Japanese insurance giant Mitsui Sumitomo has issued a warning that it has no connection with obscure UK managing agency AP Underwriting Ltd after discovering the company was allegedly offering false Mitsui security. On 26 August, Mitsui announced that
    01 September 2004
  • SVB stock slips as legacy bites
    Lloyd's insurer SVB suffered a 25 percent share price fall as it revealed further deterioration from its US legacy exposures. But the company responded by creating a £103mn plc level reserve fund which, it hopes, will reassure the City of its reserve a
    01 September 2004
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