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  • Rating agency Standard & Poor’s last week revised its outlook to negative on Aon after the broker’s latest interims showed the firm’s margins continue to lag behind its peers.
  • The Chinese authorities are targeting illegal operations of foreign insurers, according to the official Xinhua News Agency.
  • Pension deficit deteriorates; film finance exposures could cost £200mn+ HLF Group plc was hit by a further wave of resignations last week as its 12 strong International Facilities and Binders team handed in their notices.
  • Lloyd’s franchise performance director Rolf Tolle wrote to Lloyd’s insurers last week explaining he will use his discretion in implementing the franchise performance guidelines.
  • Houston Casualty Company Insurance Holdings Inc, the US based specialty insurer, unveiled strong earnings for the second quarter with net earnings increasing 29 percent to $34.7mn.
  • US insurer C.N.A became the latest carrier to reveal sizable additions to loss developments last week when announcing a $308mn after-tax charge to second quarter earnings.
  • Hot on the heels of its successful float on the New York Stock Exchange, Bermudian AXIS Holdings has reported continued strong performance for the first six months of the year.
  • Ralph Jones, the newly recruited president and chief executive of Arch Insurance Group, is set to be reunited with former Chubb colleague Bob Van Gieson later this year.
  • In its first year as an independent entity, the London market broker Glencairn Ltd unveiled a 47 percent increase in operating income to £14.575mn for 2002.
  • US insurer Markel Corporation has reported strong second quarter results, returning net income of $5.97 per diluted share for the period, against $2.36 per share for the equivalent period last year.