All Online only articles – Page 125
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Aspen reports $116m third quarter net loss
Compares with $117m profit for same period last year; CR of 123%.
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IIS programme invites research papers
International Insurance Society and the Geneva Association will award $10,000 to winning entries
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Willis in search for world’s best storm forecasts
Broker supports supercomputer project by National Center for Atmospheric Research
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Odyssey Re operating loss for Q3
Net income rises. Net realised gains more than double to $128m
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CII and Aus/NZ organisation to merge
Merger creates the largest global professional body in financial services
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The Hartford lost $2.6bn in Q3
Recent $2.5bn investment from Allianz has strengthened capital.
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Aon recruits M&A team leader
Mark Arian, formerly of Towers Perrin, joins as corporate transactions practice leader
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Flagstone Re Africa gains its first rating
AM Best points to strong support but also the risks of rapid growth
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ACE says soft rates are over
"Rates will begin to firm" - Evan Greenberg. ACE 3Q net income falls 92% after market losses.
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Canada makes life easier for segregated funds
Slackening of capital ratios that insurers need to maintain against future obligations
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AIG names officer for transition planning
Dick Booth will restructure the company and prepare for the sale of subsidiaries
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AIG appoints chief restructuring officer
Paula Reynolds will be lead liaison officer with Federal Reserve Bank of New York
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Navigators results hit by Gustav and Ike
Hurricanes Gustav and Ike cause $18m losses in third quarter. Net income of $1m for 3Q.
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Dutch government steps in to protect Aegon
Another Dutch insurer receives government help. 3bn euros to be injected.
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Hardy hurricane losses at $23m
Investment performance insulated by earlier disposal of equity portfolio
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Montpelier Re reports Q3 loss of $55m
Drop in operating income follows $130m impact of hurricanes
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Munich Re will ignore low-priced business
Giant says 10 biggest reinsurers have lost 25% of their market value
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AIG borrowings already at $72bn
Funds being used for collateral obligations under CDS portfolio
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Aon moves White Rock from Gibraltar to Malta
Low net tax and network of tax treaties ‘made the island attractive’
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Moody's reviews XL Capital for possible downgrade
Follows XL's announcement of an estimated $1.6bn to $1.7bn net loss