Lloyd's of London saw profits halve and investment returns collapse last year as hurricanes battered the balance sheet and the global financial turmoil took its toll... more
Insurance: Bermuda-based Lloyd’s of London insurer Hardy enjoyed a double whammy of good news as they were one of the few insurers not to have lost money in the stock market last year
... more
It is tempting to think of the Madoff fraud as one where the victims almost selected themselves, because of their willingness to go into a fund that failed even to have the most basic separation between front and back office, between managing the money and controlling it.... more
Zurich Financial, the world's fifth-largest insurer, saw operating profits fall 15% to $4.2bn in the first nine months, amid a double hit by hurricanes and the financial markets slump... more
Investors are missing a trick because they have not factored in the huge business opportunity for those insurance companies still standing brought about by the near-collapse of American Insurance Group... more
Insurance: Insurers will have to pay out many billions of pounds more than expected for claims from the last hurricane season, two leading players warned... more
Energy: Oil and gas major BP has begun restarting a cracker unit at its giant Texas City refinery, which it shut down ahead of the arrival of Hurricane Ike... more
Energy: Oil and insurance companies have been warned that the storm season could still deliver more devastation despite having passed its statistical peak... more
Ryder Cup: A daily 40,000 crowd, full of roaring good ol' boys from the bourbon state, will make the action an unprecedented trial for the European team... more
Energy: The oil price tumbled as much as $7 a barrel as the Lehman Brothers collapse sparked renewed fears about the state of the global economy... more
Shell Oil expects to restart most of its operations in the Gulf of Mexico over the next few days following their shutdown ahead of Hurricane Gustav last week... more
Tonight:
3°c
