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There are 68,875 results that match your search.68,875 results
  • Endurance continues growth path as capital management plan kicks in
    Fast growing post-9/11 start-up Endurance reported a 72 percent surge in second quarter net income last week (26 July), booking $114.8mn, or $1.69 a share, compared to $66.8mn or $0.99 a share in the second quarter of 2003.
    02 August 2004
  • R&SA sells UK life arm to Resolution
    Royal & Sun Alliance completed its exit of UK life business by selling its closed operations to the “vulture fund” Resolution Life for some £850mn.
    02 August 2004
  • Fitch ups outlook on global reinsurance
    Ratings agency Fitch has revised its rating outlook for the global reinsurance sector to Stable from Negative.
    02 August 2004
  • Pender litigation may be extended to include former Willis employee
    It was a litigation double whammy for telecom giant Cable & (C&W) last week with the opening skirmishes in London’s Royal Courts of Justice of two commercial actions relating to its former captive insurer Pender Ltd.
    02 August 2004
  • XL strides ahead, Winterthur doubts remain?
    Bermudian XL Capital delivered record first half results last Wednesday (28 July), with second quarter net income of $363.6mn, or $2.62 per share, also a record for the period, and the second most profitable quarter ever for the company, following on from
    02 August 2004
  • Interest rates hit fails to check White Mountains ascent
    Despite strong underwriting results, fast growing Bermudian-based (re)insurance group White Mountains saw its second quarter earnings hit by rising interest rates, as $139mn of after-tax unrealised losses on its fixed income portfolio contributed to a $38
    02 August 2004
  • Renaissance Re continues to outperform
    High performance Bermudian outfit Renaissance Re smashed analysts’ consensus estimates for the second quarter as it reported operating earnings per share of $2.00, against a projected $1.65, driven by strong underwriting results and favourable reserve dev
    02 August 2004
  • Capital withdraws Lloyd’s consolidation IPO
    The Lloyd’s consolidation vehicle Capital Insurance Holdings postponed its Alternative Investment Market float last week after failing to attract sufficient support from UK investors.
    02 August 2004
  • Green light for Aon lawsuit over PSAs
    A US court gave a green light last week for a class action lawsuit to proceed against the giant broker Aon over allegations that the firm breached its fiduciary duties by not disclosing hidden commissions.
    02 August 2004
  • Capital consolidator withdraws ambitious IPO
    Berkshire Hathaway backed Lloyd’s consolidation vehicle withdraws AIM float after failing to generate sufficient investor interest. The Insurance Insider analyses what went wrong... On a sticky Thursday afternoon in late July, the management and advis
    01 August 2004
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