Australian bushfires and European storms among major losses; premium income up.
Increased returns enhance claims paying capability
Cayman-based reinsurer affected by losses from XOL contract
‘All hands on deck’ as Bermuda First committee is launched
Offer follows amalgamation agreement between IPC and Max Capital
Reinsurers, bankers and politicians create committee to defend island’s economy
Decision follows strategy of prioritising property and casualty business
XL Capital has suffered serious problems, but can it be turned around? David Sandham spoke to Mike McGavick, the CEO.
2008 results ‘in line with market expectations’, CEO says
Promotion for Mitch Blaser, who continues as COO and CFO of global operations
Deal will enhance Max Capital’s profile and capital base, though negative outlook remains
Combination will ‘create stronger capitalised, more diversified company’
Fitch warns of challenging conditions and highly volatile investment markets
Fourth quarter net income of $131m; CEO hails the positives
CR of 95.6% for 2008; capital position and business flows remain strong, says CEO
Standard and Poor's cites strong operating performance and moderate earnings volatility
AM Best reassesses company in run-off following sale of infrastructure and change in business profile
Company provides $50m capacity from its Bermuda office
Led by former XL executive Nigel Mortimer; Argo’s US president leaving in May.
Losses from Gustav and Ike revised down $23m to $17.6m. Rates up 5.2% at Jan 1 renewals.
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