| Date | Time | Source | | | 03/28/2012 | 6:13AM | DJN | UPDATE: Lloyd's Of London Posts GBP516 Million Pretax Loss On Disasters
Lloyd's of London, the U.K.'s 324-year-old insurance and reinsurance market, Wednesday posted its first pretax loss in six years after being hit by lower investment returns and major catastrophes, in what industry experts call the second-costliest year on record in terms of insured disaster claims. Lloyd's also said 2012... More...>> |
| 03/11/2011 | 4:59AM | DJN | UPDATE: European Reinsurers Plunge On Japan quake
European reinsurance company stocks plunged early Friday on the prospect of them being hit by big losses after a powerful earthquake with a magnitude of 8.9 struck Japan, causing damage in Tokyo, and sending a tsunami hurtling toward the country's northeastern coast. In Frankfurt at 0850 GMT, shares in Munich Re (MUV2.XE... More...>> |
| 12/09/2010 | 10:42AM | DJN | UK ABI: Tax Proposals Must Encourage Insurers To Stay In UK
The Association of British Insurers said Thursday that the U.K. government must be careful in detailing its proposed changes in the taxation of foreign branches of U.K. companies, warning that the changes may not put into effect its desired outcome. In recent years, the ABI has been advocating a lower corporate tax environment... More...>> |
| 06/03/2010 | 8:02AM | DJN | AT A GLANCE: BP Gulf of Mexico Oil Spill Hits Insurers
THE EVENT: On April 22, the drilling rig Deepwater Horizon, owned by Transocean Ltd. (RIG) and leased to BP PLC (BP.LN), sank off the coast of Louisiana in the Gulf of Mexico after an explosion and fire onboard the rig. Eleven people died from the event. Efforts to stop the oil spill have so far been unsuccessful. More... More...>> |
|
