Toronto-based Fairfax Financial Holdings Limited announced that it earned US$271.1 million in 2003, the largest annual profit in its history,...
International & Reinsurance News
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Egypt’s Al Chark Insurance...
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has completed a review...
The U.K’s largest insurer, Aviva plc, announced that intends to close down its insurance brokerage operation, Hill House Hammond. The...
Electricité de France (EDF), the government owned-electric utility, has joined the Bermuda-based mutual energy insurance group Oil Insurance Limited (OIL)...
ACE Limited reported that net income for the quarter ended December 31, 2003 was $421 million or $1.45 per share,...
Willis Group Holdings Limited announced fourth quarter net earnings of $118 million, or $0.69 per diluted share, compared with $118...
Bermuda’s XL Capital Ltd. announced that its global Property and Casualty insurance subsidiary, XL Insurance Switzerland (XLIS), is to fund...
Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well...
Lloyd’s Chairman Lord Peter Levene does not mince words. So, while he reflected on 2003 as a relatively benign, and...