All Financial articles – Page 17
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New Castle Re downgraded
AM Best reassesses company in run-off following sale of infrastructure and change in business profile
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Willow Re rating lowered to D
Cat bond was one of four for which Lehman Brothers was swap counterparty
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Hannover Re predicts 15% ROE in 2009
Reinsurer ‘satisfied’ with non-life treaty renewals
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Transatlantic sees positives as income drops
Q4 income falls to $4.4m from $112.5m; renewals good despite concerns over AIG backing.
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Compre buys Länsförsäkringar’s companies in run-off
Deal involves Stockholm Re and Wasa International Insurance Company
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Carvill’s US staff ‘taking accounts with them’
Individual brokers preparing for new roles at other companies as Carvill winds up
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Scottish Re (US) downgraded
Moody’s action follows news that Hannover Re will buy a portion of Scottish Re’s business
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PartnerRe expects $2.1bn of renewal business
Figure relates to non-life business – 60-65% is thought to have been renewed
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Online onlyValidus raises Ike estimates by 40%
Hurricane now estimate to have cost the company $235m instead of $165m
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Arch Capital Group expands underwriting platform
Arch Re Europe launched; Lloyd's managing agent and syndicate planned
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Transatlantic Re downgraded
S&P: concerns over AIG’s stake and inability to meet performance expectations
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Citadel in run-off deal with Arthur J Gallagher
Run-off specialist ‘ecstatic’ after creating a run-off sector for the reinsurance intermediary market
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SCOR gains Labuan life retakaful licence
Approval could mean 20 new takaful clients within one year
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Hannover Re completes €100m capital markets deal
Transaction relates to life and annuity reinsurance business
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Al Fajer Re ratings under review, negative implications
AM Best action follows debt default by Kuwaiti shareholder
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Advent almost trebles Ike loss estimate
Lloyd's insurer ups Hurricane Ike loss estimate from £15m to £42m, and ceases to write GOM offshore energy wind.
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Gustav and Ike losses revised up 53% by IPC
New information from clients reflects larger losses than initial estimates.
