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There are 68,868 results that match your search.68,868 results
  • CNA’s $1.5bn reserve boost
    Insurer CNA announced a massive $1.5bn post-tax reserve boost in its third quarter results last Wednesday (November 12). The increase in reserves pushed the company into the red, with third quarter losses of $1.76bn, or $7.94 a share, compared with a pro
    17 November 2003
  • SVB £50mn bond boosts capacity to £0.5bn
    Quoted Lloyd’s insurer SVB announced this morning (17 November) a £50mn capital raise to fund an increase in capacity to £502mn, backing a new team of former PRI underwriters recently recruited from Brit.
    17 November 2003
  • Under-reserving ‘cheapest form of gearing’, says Brit’s Douetil
    Brit chief executive Dane Douetil has called for more honesty in the way underwriters and regulators calculate reserve strengths.
    17 November 2003
  • Fitch database launch
    Ratings agency Fitch has launched a new database listing report and account information on over 6000 insurance companies across 100 countries.
    17 November 2003
  • Gates launches legal practice
    Aviation lawyer Sean Gates has launched a new legal practice specialising in aerospace, commercial and private equity law. Gates and Partners will include Dan Soffin, and Adosh Chatrath, both former partners with Gates’ former practice Beaumont and Son.
    11 November 2003
  • Putnam crisis deepens
    Mutual fund hit by lawsuits, client withdrawals, ratings downgrades
    11 November 2003
  • Rampant Berkshire roars ahead
    Berkshire Hathaway posted a 58 percent increase in third-quarter earnings including investment gains last Friday (7 November).
    11 November 2003
  • Axis earnings up on strong premium growth
    Bermudan specialty lines insurer Axis Capital Holdings reported a 60 percent increase in Q3 earnings, helped by a more than doubling of gross written premiums.
    11 November 2003
  • Ailing SCOR limps on with loss and rights issue
    Last Thursday (6 November 2003), troubled French reinsurer SCOR announced a loss of EUR349mn for the first nine months of the year as it struggles to cope with prior year adverse development and flagging attempts to commute liabilities from its Bermudian
    11 November 2003
  • Raised capital rebuilds balance sheets not future growth, says ‘cynical’ Fitch
    Fitch Ratings upped the stakes in its robust stance with reinsurers last week when it questioned the motives behind the latest round of capital raising.
    11 November 2003
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