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  • Insurer St Paul Companies Inc reported Q3 earnings per share of 95 cents up on 52 cents for the same period in 2002.
  • With investors still spooked by CIGNA’s $1bn mea culpa over its variable annuity death benefit losses last year, Converium addressed its guaranteed minimum death benefit (GMDB) exposures while revealing its third quarter results last week.
  • GoshawK's Syndicate 102 has been placed in run-off following discussions with Lloyd's and the Financial Services Authority.
  • Catlin looks set to continue the trend for preferring London to New York for insurance IPOs, according to sources.
  • For several years now the Russian reinsurance sector has been expecting a major storm to blow the Russian reinsurers away. To their relief, the reinsurers say it hasn't happened. Even better, they add, the growth rate last year for the domestic reinsurer
  • Litigation over the collapsed Aon 77 energy lineslip has been adjourned for four weeks because of last-minute amendments to the reinsurers’ case. The legal battle had been scheduled for early November but is now due to be heard in court 21 on 1 Decembe
  • Munich Re misses analyst expectations by EUR277mn Munich Re missed analysts' expectations by a significant margin in its third quarter results for 2003. The world's largest reinsurer said on 25 November that it had made Q3 net profit of EUR152mn - w
  • ACE shows solid performance Bermudian giant ACE announced a solid set of third quarter results, returning earnings per share (EPS) of $1.04, almost double the same period last year and topping analysts' projections by 2 cents. Income of $304mn was g
  • JLT, the world's fifth largest insurance broking group, are in advanced talks to acquire rival HLF's aviation team, The Insider can reveal. HLF's well regarded aviation team is led by Nigel Weyman. Sources suggest he is set to join JLT together with a
  • But Everest Re stop loss exhausted on further US casualty deterioration Quoted Lloyd's insurer SVB announced a £50mn convertible bond issue in November to support a 2004 capacity expansion to £500mn. A further fund raising was not unexpected follow