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There are 69,237 results that match your search.69,237 results
  • Converium reserves still short; increased capital raise approved
    Crisis-hit Converium today (31 August) announced plans to raise $420mn in a share issue after an independent actuarial review revealed the reinsurer’s reserves were $212.9mn short – even after its shock $385mn second quarter reserve charge.
    31 August 2004
  • AWAC Re opens London office
    Allied World Assurance Holdings revealed that its Dublin based reinsurance subsidiary AWAC Re has opened a London branch office.
    31 August 2004
  • ISO estimates $6.8bn Charley bill
    An authoritative estimate of insured property losses from Hurricane Charley emerged last week (25 August) with the ISO’s Property Claim Services (PCS) unit releasing a preliminary estimate of $6.8bn.
    31 August 2004
  • Munich Re gets AM Best affirmation
    Bavarian behemoth Munich Re had its AA rating affirmed by Fitch Ratings last week (26 August) following strong half-year results, but the agency warned of lingering concerns over US reserving and earnings still below par as it held its outlook at Negative
    31 August 2004
  • GoshawK appointment applauded by analyst
    Despite the collapse of its Lloyd’s parent last year and uncertainty over its future ownership, Bermudian based Rosemont Re can still attract talented underwriters, notes Shore Capital insurance analyst Eamonn Flanagan.
    23 August 2004
  • Converium on track to announce capital plans
    Swiss reinsurer in crisis Converium confirmed last week (20 August) that it is on track for a 31 August announcement detailing actions it will take to shore up its capital base in the aftermath of last month’s shock $385mn reserve charge and profits warni
    23 August 2004
  • Insurers to pass ‘storm test’ with flying colours
    Despite its status as the second largest hurricane loss in US history, reports suggest that Hurricane Charley will have less impact on insurers than initially expected.
    23 August 2004
  • Amlin boost on rate fears
    Amlin smoothed fears over falling rates last week by providing a reassuring assessment of market conditions, while also improving slightly the forecasts on its 2002 and 2003 underwriting forecasts.
    23 August 2004
  • Metcalf to join Arch Insurance
    Nick Metcalf, the former head of XL Capital’s London market operations, is set to return to underwriting by joining the fast expanding (re)insurer Arch Capital Group Ltd.
    23 August 2004
  • Scream theft exposes insurance howler
    The theft of iconic Edvard Munch’s paintings The Scream and Madonna from Oslo gallery, Norway over the weekend will not lead to an insurance loss because they were not covered.
    23 August 2004
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