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There are 68,405 results that match your search.68,405 results
  • London News Digest - March 2004
    In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
    01 March 2004
  • Euclidian considers float...
    Berkshire Hathaway backed Lloyd's insurer Euclidian is considering an IPO that could value the firm at between £100mn-£150mn. The insurer, which underwrites via its Lloyd's Syndicate 1243 and a personal lines, Gibraltar based subsidiary, has approached
    01 March 2004
  • Wall Street exposures create alarm
    Swiss Re withdraws controversial London market letter but concerns grow over industry's exposures to US investment banks; Lloyd's sees further deterioration; Enron to cost $30bn? Cracks are appearing in the insurance industry's resolve to cope with th
    01 March 2004
  • Munich Re’s unravelling applauded
    Analysts applauded Munich Re’s announcement last week (26 February 2004) that it would effectively dilute its shareholding in HypoVereinsbank (HVB) by not participating in the bank’s current equity issue.
    01 March 2004
  • Axa outpaces forecasts
    French giant Axa saw its earnings outpace projections on the back of strong performance from its property casualty arm as it announced net income of €1bn for 2003, up 6 percent on 2002.
    01 March 2004
  • WTC: Silverstein case tested under examination
    Insurers are pleased with initial developments as faults appear in arguments of WTC leaseholder Silverstein and broker Willis WTC leaseholder Silverstein Properties and reinsurer Swiss Re finally made it to court last month to decide whether the 9/11 a
    01 March 2004
  • BP battles insurers over £300mn+ energy losses
    Swiss Re, AIG and others win battle against summary judgment A period of frenetic litigation came to a head last month in a court case brought by oil giant BP against Swiss Re, AIG, AXA, ACE, Aegis and other international insurers for their refusal to
    01 March 2004
  • First Europeans paint mixed picture
    ZFS impresses, but rating agencies reserve judgment A year after booking a record $3.36bn loss blighted by equity write-downs, restructuring costs and reserve charges, Swiss giant Zurich Financial Services (ZFS) announced a return to a healthy $2.12bn ne
    01 March 2004
  • Willis concludes another 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. Net income for the final quarter was static at $118mn with 2002 but overall earnings almost doubled for t
    01 March 2004
  • US cash in - but legacy drag remains
    AIG storms back The world's most valuable insurer AIG posted fourth quarter profits of $2.71bn, or $1.03 per share, with higher general insurance premiums and revenues contributing to the bottom line. Net income for the full year rocketed 68 percent t
    01 March 2004
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