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There are 68,317 results that match your search.68,317 results
  • St Paul disappoints analysts, looks to better 2004
    US insurer St Paul disappointed investors last Wednesday (30 July) with earnings below a revised analysts’ consensus, and considerably down on previous projections.
    04 August 2003
  • Omega to launch new Syndicate
    Omega Underwriting Agents Ltd is also set to launch a new syndicate as it puts the finishing touches to a capital raising initiative that will almost double its capacity.
    04 August 2003
  • US results mixed as past returns to haunt
    C.N.A. boosts reserves by $308mn US insurer C.N.A became the latest carrier to reveal sizable additions to loss developments when announcing a $308mn after-tax charge to second quarter earnings. According to the firm, the reserve boost was due to "u
    01 August 2003
  • Europeans not out of the woods - Ratings agencies cop flak as downgrade woes continue
    Munich Re fights back at S&P downgrade Giant German reinsurer Munich Re has rallied against rating agency Standard & Poor’s (S&P) after being downgraded from AA- to A+ with a stable outlook. In a statement, the world’s largest reinsurer by premium desc
    01 August 2003
  • Liberty set for European expansion
    Liberty Syndicates, the Lloyd’s arm of US giant Liberty Mutual, is set to announce the formation of a Paris office as it gears up to expand its Continental business. According to sources, the managing agent of Syndicates 190 and 282 will soon open a Pa
    01 August 2003
  • Trenwick MBO plans new identity
    Trenwick Managing Agency (TMA) is set to rebrand following its August management buy-out from distressed parent, Trenwick Group Ltd. TMA was the last remaining underwriting operation of the Bermudian based insurer, Trenwick Group, and was finally spun
    01 August 2003
  • Hiscox resolves WTC cloud
    Quoted Lloyd's insurer Hiscox plc announced bullish trading figures on 21 August and took the opportunity to resolve the growing uncertainty over its World Trade Center provisions. The insurer announced it was increasing its WTC loss reserves for the s
    01 August 2003
  • Syndicates reaping rewards but 2001 deteriorates
    SQRs suggest a bumper 2002 result but US casualty causes deterioration on 2001 The full extent of the current benign trading conditions within the London market were reflected by the updated forecasts from the Lloyd’s managing agents. According to
    01 August 2003
  • Spirals on trial - Sphere Drake's victory in the UK High Court this summer has significant ramifications for industry practices
    Set deep within the gothic splendours of the Royal Courts of Justice, Court room 21 was the stage for a London revival last year - the unravelling of an elaborate insurance fraud. After a year-long trial, including an exhausting 110 days in court, the jud
    01 August 2003
  • Bermudians continue to climb - Established set solid standards; start-ups catching up with soaring growth
    ACE performs within expectations ACE reported $371mn of net income for the second quarter, dwarfing the $104mn figure for the same period last year. However, excluding net realised gains (losses), the figure was $286mn against $229mn last year. This
    01 August 2003
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