2488 results returned for search: "" category "Other" author Scott Neil
XL executives remain on alert to any further deterioration within the US subprime mortgage sector, but for now are confident the company's $1.2 billion of exposure remains a sturdy segment of its multi-billion business.
That view was underlined durin...
DATE: Jul 27, 2007
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AUTHOR:
Scott Neil
Two teenagers are about to embark on university and college education courses in North America with the help of an equal share in a $15,000 scholarship from the HWP Group.
Elkeisha Caisey and Cyniqua Anderson, both 18, have been given the perfect sta...
DATE: Jul 27, 2007
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Other
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AUTHOR:
Scott Neil
IPC Re expects to be hit by a further $60 million of losses as a result of the latest UK flooding events, which occurred last weekend in central and southern parts of England. That figure matches exposed losses the company estimates from flooding of ...
DATE: Jul 27, 2007
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AUTHOR:
Scott Neil
Devastating losses from the floods in England and Australia during June have reduced IPC Holdings' second quarter profits by 75 percent.
The company, which is the sole owner of IPC Re, took a hefty financial hit during the second three months of the ...
DATE: Jul 26, 2007
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Other
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AUTHOR:
Scott Neil
XL Capital's second-quarter profits jumped $177 million year-on-year to $544.5m, with the impact of flooding in England during June and in Australia presenting relatively low pre-tax net losses of around $30m.
There was also a $81.3m fillip from the ...
DATE: Jul 25, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Everest Re's improved second-quarter profits of $282.9m came despite the company suffering catastrophe losses of $70.4m, with the bulk resulting from flooding in England and Australia.
The company is expecting to pay out $25m in relation to floods th...
DATE: Jul 25, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Bermuda's insurance and reinsurance giant Ace Ltd. has recorded a 13 percent rise in its second quarter profits to $649 million, despite suffering catastrophe losses of $88m as a result of floods in the UK, US and Australia.
The catastrophe losses ar...
DATE: Jul 25, 2007
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Other
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AUTHOR:
Scott Neil
Profits fell almost $7 million at Montpelier Re during the second quarter of the year to $50.7m, with gross written premiums down $108m year-on-year.
The company did however improve its combined ratio from 72.9 to 70 percent.
A massive $65m was spent...
DATE: Jul 25, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
Ariel Re is the latest Bermuda reinsurer to jump into the Lloyd's of London market, announcing it has reached an agreement to buy Atrium Underwriting for $396 million ($193.2m).
Don Kramer, president and CEO of the "Class of 2005" start-up, is adaman...
DATE: Jul 24, 2007
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Other
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AUTHOR:
Scott Neil
PartnerRe bounced back from a tough first quarter, where it suffered losses as a result of the windstorm Kyrill in Europe, to record a year-on-year 35 percent increase in profits for the second quarter totalling $105.02 million.
The second three mont...
DATE: Jul 24, 2007
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CATEGORY:
Other
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AUTHOR:
Scott Neil
