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There are 69,237 results that match your search.69,237 results
  • Hurricane Frances’ Florida rampage less savage than first feared
    Florida’s second major hurricane of the season, Hurricane Frances, caused less damage than predicted over the weekend after it weakened to a category 2 storm prior to making landfall 30 miles north of West Palm Beach near the town of Stuart at around 1am
    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
  • Pressure to reform US State regulation grows
    An attempt to overhaul the US’ state-by-state based insurance regulation is gaining pace with the publication of a discussion draft of an Act which will give insurers far more freedom to set their own rates.
    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
  • 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
  • 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
  • Arch Europe appoints Xchanging to run back office
    The London headquartered outsourcing firm Xchanging has been chosen by Arch Insurance Company (Europe) Ltd to run the company's back office requirements. Xchanging has signed a six-year deal with the firm which, earlier this year, received approval fro
    01 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
  • Weighing up the options at Lloyd's
    The long-established practice of issuing "Tonners" - policies that can pay out even though there is no insurable interest - was banned by legislation nearly 100 years ago. Now that the Lloyd’s market is more familiar with Alternative Risk Transfer techniq
    01 September 2004
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