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'Healthy market' bolsters IPC results
IPC Holdings last week reported net income of $62.1mn for the quarter ended September 30, or $1.29 per share, compared to $45.8mn, or $0.95 per share, for the third quarter of 2002.
27 October 2003
Brit’s capital position contrasts with 'over-geared' rivals
Although Brit Insurance Holding’s relatively low return on equity was criticised recently, the company’s strong capital base will stand the Lloyd’s based insurer in good stead against some of its more over-geared rivals, predicted the company’s house brok
27 October 2003
AIG posts solid results despite CAT losses and higher reserves
American International Group (AIG) posted record profits for the third quarter of 2003 last week despite higher catastrophe losses and a $2bn increase in reserves.
27 October 2003
Last-minute reprieve for Credit Lyonnais
The US Justice Department has offered the French government more time to renegotiate a settlement in a long running fraud case, the Wall Street Journal reported this week.
27 October 2003
Markel reserve boost
US insurer Markel Corporation is set to unveil a third quarter loss of up to $20mn later this week as it joined a list of (re)insurers announcing reserve increases in the third quarter.
27 October 2003
Willis acquires Ital Re
Willis Group Holdings announced today that it has agreed to acquire the Italian reinsurance broker Ital Re SpA, for an undisclosed sum.
27 October 2003
MMC share price falls on Putnam fears
Marsh and McLennan, the parent of the world's largest insurance broker Marsh, saw its share price fall this week despite the company posting a 19 percent rise in quarterly profits on the 21 October.
27 October 2003
Odyssey Re upbeat on 3Qs
Odyssey Re will surpass analysts’ expectations when publishing its third quarter results on Thursday (30 October), the company revealed last week.
27 October 2003
Catlin bolsters management
Catlin Group Ltd, the Bermudian parent of blue-chip Lloyd’s insurer Catlin Underwriting Agencies, continued to bolster its management team last week with three new non-executives appointed to the board.
27 October 2003
Organic growth boosts Willis results
Broker Willis announced record 2003 third-quarter results last week on the back of strong revenue growth.
27 October 2003
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