All News articles – Page 381
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SCOR increases net income
Results show combination of Converium with SCOR. GPW slightly down on a pro forma and currency-corrected basis.
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Could Gustav be another Hazel?
Comparisons drawn with 1954, as hurricane threatens Haiti. Forecasters puzzle how Haiti's mountains will disrupt the system.
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Gustav shapes up as serious threat
"Not unreasonable to expect Gustav to become a major hurricane" - Dr. Steve Smith
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Gustav threatens U.S. oil production
Hurricane on track for Gulf of Mexico. Currently CAT 1, could strengthen to CAT 3.
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XL Capital ratings back to stable
AM Best revises outlook following discussions with company’s management board
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AM Best comments on Flagstone Re move
Reinsurer’s rating unaffected by move to Switzerland
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Aon to buy Benfield for 350p per share
Benfield shares soar. Benfield to become part of Aon Re Global.
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QBE struggles in home market
Profits down 7% at Australia's biggest insurer. Could go shopping for an acquisition in the U.S.
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Buffett supports anti-debt film
U.S. faces $53 trillion bill as population grows older on average.
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Madrid crash MD-82 aircraft had history of problems
Crash blamed on left engine, made by Pratt & Whitney, catching fire. Other MD-82s had engine failure on 4 August, and hydraulics problems on 9 August.
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Sale of Scottish Re’s Asian life re division complete
Pacific Life Re finalises purchase. HQ to remain in London.
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Benfield restructures space brokers
Changes at subsidiary ISB include several new management appointments
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Hannover Life Re Bermuda rated ‘A’
AM Best describes new entity as ‘natural extension’ of parent company’s life re network
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Brown & Brown buys rivals
US broker acquires Advanced Insurance Concepts and Reed Brothers in the same week
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Fay moves toward central Florida
Storm does not reach hurricane strength. Reports of over 50 dead in Caribbean.
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Flagstone Re to merge Bermuda and Swiss operations
Decision is 'part of global restructuring'
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IUA reappoints chairman
Stephen Riley will serve a further year after carrying out strategic review
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Hiscox reports record profits
Disciplined underwriting has reduced exposure, says chairman