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There are 68,813 results that match your search.68,813 results
  • PXRE paves way for $150mn offering
    Bermudian (re)insurer PXRE announced last Wednesday that it has filed a shelf registration statement with the Securities and Exchange Commission, paving the way for its planned offering of up to $150mn of securities.
    02 June 2003
  • Endurance gains Best endorsement
    A good start to the year for Bermuda’s Endurance has registered with ratings agency A.M. Best. Last Wednesday, the group’s holding company announced that its subsidiaries Endurance Specialty Insurance Ltd, Endurance Reinsurance Corporation of America, and
    02 June 2003
  • Aspen Re plans £800mn IPO
    Aspen Re, the London market reinsurer spun-out of the Lloyd’s insurer Wellington Underwriting last year, is planning to reward its private equity backers by floating in the US later this year.
    02 June 2003
  • Reinsurers’ reluctant to absorb US terrorism risks
    Despite US legislation last year mandating insurers to provide compulsory terrorism cover, reinsurance companies appear reluctant to assume any of the new exposure. This was one of the many findings of the ratings agency Moody’s survey into the implementa
    02 June 2003
  • Munich Re reports lower loss, but further writedowns likely
    Munich Re – the world’s largest reinsurer by premium – released first quarter results showing an improvement on the final quarter of last year, but massive deterioration on the comparable first three months of 2002. The German group conceded that results
    02 June 2003
  • Swiss Re: Storms greater industry threat than terror
    Despite the perceived threat of another terrorist attack on the scale of 9/11 and initiatives like the TRIA to encourage cover for property and business interruption losses, it is the natural world that still poses the greatest single danger to industry f
    02 June 2003
  • California blues as State Fund sues Commissioner
    The long-running acrimony between California’s insurance regulators and the State Compensation Insurance Fund (SCIF) took a turn for the worse last week when the Fund filed a lawsuit against the newly elected Commissioner John Garamendi to prevent his “il
    02 June 2003
  • Heritage to launch new liability syndicate
    Heritage is set to capitalise on the improved rating environment for UK liability by spinning off a new Lloyd’s Syndicate from their existing operations, Insider Week can reveal.
    02 June 2003
  • …And Montpelier Re upgraded too
    Montpelier Re, who floated last autumn on the New York Stock Exchange, joined fellow post 9/11 start-up Endurance Specialty as an A (excellent) company last Wednesday as the pair were upgraded by A.M. Best.
    02 June 2003
  • 2002 bright for Brit, 2003 better
    Lloyd’s insurer Brit expects to write upwards of £1.15bn total gross premium income in 2003 after strong 2003 renewals and new business flow in the first few months of the year. This projection is based largely on its recent acquisition of PRI (see Inside
    02 June 2003
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