Search Results

Lloyd's of London reported a profit increase of 39 percent for the first six months of this year, but warned that the ongoing effects of the recession and uncertainty over natural catastrophes could still adversely affect year-end results.

Lloyd's of London reported profit increased 39 percent for the first six months, but warned that recession effects and uncertainty over natural catastrophes could adversely affect year end results.

Kansas City, Mo.-based insurance broker Lockton said it has opened a second office in Brazil, in Rio de Janeiro, that will expand its energy and reinsurance capabilities in South America.

With the United States at the epicenter of a recession fueled by the mortgage and credit market crises, ripples are still being felt in the global reinsurance market.

Operators of oil rigs in the Gulf of Mexico may have breathed a big sigh of relief as they eyed the easterly track of Hurricane Bill recently because many drastically shrank their hurricane coverage programs, insurance executives reported late last month.

Risk Management Solutions (RMS) announced it has released 16 new and updated earthquake models for Latin America, focusing on countries with the highest seismic risk and exposure in the region.

White Mountains Insurance Group, Ltd., said it is reorganizing its reinsurance business, news that appeared not to dramatically affect the rating of the overall company as it also reported improved second-quarter financial results.

The chairman of Flagstone Reinsurance Holdings expects the board of IPC Holdings to decide by tomorrow whether it will endorse Flagstone's offer to acquire IPC in a deal valued at $1.8 billion.