News
Everest $218m into red in 2005
Hurricanes and 12.3% premium drop plunge
Advent sees US property/catastrophe rates double
In a bullish trading statement, Lloyd's property/catastrophe specialist Advent has pointed to rate i...
PartnerRe takes $900m 2005 catastrophe losses in its stride
Bermudian (re)insurer PartnerRe has reported an operating loss of $242.6m for the year ended 31 Dece...
Ace survives 2005 with healthy profit
Ace has posted a profit of $1bn in net income for the year 2005, despite the fact that it was hit by...
Marsh launches avian flu survey
Broker Marsh and its sister company Kroll, the risk-consulting company, has launched an online globa...
Lloyd's pulls plug on multi-million Kinnect deal
Lloyd's has decided to withdraw funding for the Kinnect programme after a review.In a statement, the...
Gallagher hit by continued contingent commission issues
Brokerage company Arthur J Gallagher has seen its profits slump over 2005 in the wake of the backlas...
Validus Re hits the ground running
New Bermudian reinsurer Validus Re has announced that it has bound business representing gross writt...
Axis Capital sees profits fall
Axis Capital Holdings has reported a net income of $90.1m for the year ended 31 December 2005, compa...
Asian focus for new Lloyd's report
Lloyd's has released new research giving the insurance industry clear guidance on key developments i...
Misconduct investigations agreement
AIG settles with Spitzer, US Department of Justice and the SEC
Fitch issues revised AIG ratings in light of settlement
Fitch Ratings has said that its ratings on AIG and AIG subsidiaries, including American General Fina...
TRIA renewal is not a long-term solution, claims panel
The recent move by Congress to extend the Terrorism Risk Insurance Act (TRIA) did not provide the in...
US Grand Jury indicts ex-AIG executives by
A federal grand jury in Norfolk, Virginia, US has indicted three former senior executives of General...
Lloyd's in Central Fund legal action against brokers
Lloyd's has commenced legal action against brokers Aon and Benfield
XL Capital results hit by 2005 windstorms
XL Capital has reported a net loss of $821.9m for the quarter ended 31 December 2005, compared with ...
2005 hurricane season strengthens US property market
US property insurance rates increased sharply in the fourth quarter of 2005 following the devastatin...
Massive Wilma hit pushes RenRe to first-ever loss
Bermudian (re)insurer RenaissanceRe has reported a fourth-quarter net operating loss of $206.9m, due...
Why this 'weatherproof' market will be all-out soft before the year's end
Mark Geoghegan explains why he sees a soft market re-forming and accelerating beyond 2006
Converium restates past profits
Converium has announced that it has published restated financial information for the years between 1998 and 2004.
Flagstone finalises start-up capital at $715m
Class of 2005 Bermudian start-up reinsurer Flagstone Re has announced today that it has completed its initial capitalisation of more than $715m through a private placement of equity.
Axa GI revenues stuck at 2004 levels
AXA UK has reported 23% growth in underlying earnings to £266m in 2005 for its combined life, health and general insurance business.
Willis recruits Clegg Gifford to network
The Willis Commercial Network has recruited another member, Clegg Gifford and Co of Romford, Essex.
RBSI reports NIG up 10% in SME in 2005
Royal Bank of Scotland Insurance saw its income increase 8% to 5489m pounds in 2005, with a 1% drop in household policies countered by a 4%increase in motor and 10% in SME commercial.