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Logan snaps up Creechurch
Lloyd’s managing agent Creechurch has revealed more details of its takeover by The Logan Trust, a charitable organisation based in Gibraltar.
26 July 2004
Alea issues upbeat forecast
Bermuda based (re)insurer Alea Group has published a mid-year trading statement in which it reaffirms its positive outlook for 2004.
26 July 2004
AWAC veteran Morrison bows out with Bermuda tribute
Post-9/11 Bermudian start-up Allied World Assurance Holdings (AWAC) confirmed last Thursday (22 July) that veteran market figure and vice-chairman Michael Morrison will retire with effect from 1 October after half a century in the industry.
26 July 2004
Equitas in $118mn Enpro asbestos settlement
Environmental services company EnPro Industries has announced a $118mn “comprehensive agreement” with Lloyd’s reinsurer-of-last-resort Equitas in relation to its asbestos exposures.
26 July 2004
Safeco P&C profit more than trebles
US insurer Safeco has reported an increase in Q2 earnings to $247.5mn, or $1.77 per share, from $111.9mn, or 81 cents per share for the same period in 2003.
26 July 2004
IPC Re continues to impress
Bermudian (re)insurer IPC Re announced another set of strident results last Tuesday (20 July) as it booked net income of $72.1mn, or $1.49 a share for the second quarter, up from $63.2mn, or $1.31 a share in the same period last year.
26 July 2004
AIG shows strength as Greenberg rails against ill discipline
World’s largest insurer AIG reported strong second quarter results last Thursday (23 July) as it booked net income up 26 percent on the same period last year on the back of its general insurance and foreign life and pensions operations.
26 July 2004
Willis continues to flourish despite rate fears
Despite declining rates, the insurance broker Willis continued its remarkable renaissance by unveiling its eighteenth consecutive quarter of record results with second quarter net income up $16mn from last year to $96mn.
26 July 2004
Allianz embroiled in Spearmint spat
More details have emerged of the dispute between insurer Allianz and lap dancing venue Spearmint Rhino, which is suing the German company in the UK’s Royal Courts of Justice for non-payment of claims..
26 July 2004
Taranto talks straight as Everest maintains strong showing
Barbados-based (re)insurer Everest Re unveiled strong second quarter results last Monday (19 July), but listeners to the company’s conference call were treated to candid comments on rates and the state of the market, with softening across most lines of pr
26 July 2004
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