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Beazley’s growth built on higher premiums and benign loss environment
Lloyd’s insurer Beazley has announced 2003 results in line with analysts’ forecasts.
29 March 2004
Hardy doubles profits and looks to strong future
Helicopter specialist Hardy Underwriting unveiled strong 2003 results last Wednesday (25 March), more than doubling pre-tax profits from £6.66mn to £14.35mn in the process.
29 March 2004
Hopes not dead for asbestos trust
Reports from the US suggest that hopes for meaningful reform to the asbestos litigation system may be alive and kicking, with a new bill based on proposals tabled last year to be put to the floor on 19 April.
29 March 2004
WTC update: Silverstein avoids contempt ruling; defence witnesses take the stand
WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
29 March 2004
High Court approves Stockholm Re portfolio transfer
In a judgment handed down on 22 March 2004, London's High Court has approved the transfer of Stockholm Re's UK portfolio to Swedish firm Wasa International Insurance.
29 March 2004
Swiss Re shows strength
Strong p/c performance could see Munich Re overtaken
29 March 2004
Omega 2001 profits boost
Independent Lloyd’s insurer Omega Underwriting Holdings Ltd revealed last week that it made a 6.2 percent profit on capacity in the loss ravaged 2001 underwriting year.
29 March 2004
Catlin toils to hit IPO target
Lloyd’s insurer Catlin refused to comment today on speculation that its impending 1 April flotation may value the company below its initial pricing estimates.
29 March 2004
Hiscox quadruples profits and looks to retail
Despite a forecast-beating quadrupling of profits, shares in the Lloyd’s insurer Hiscox plc remained steady today (22 March 2004).
23 March 2004
Allianz back in profit but fails to convince
A turnaround from 2002’s record EUR1.2bn loss to a healthy net profit of EUR1.6bn for 2003 failed to convince the markets as German insurer Allianz admitted it still had some way to go in the struggle to reverse the fortunes of its ailing banking arm Dres
23 March 2004
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