All News articles – Page 421
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HCC announces quarterly cash dividend
HCC has announced a regular cash dividend of $0.11 per share on the company’s shares of $1 par value common stock.
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Online onlyTornado hits US state of Georgia
A tornado has touched down in Atlanta, Georgia just eight minutes after a warning was issued by the National Weather Service.
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XL Capital names McGavick as CEO
XL Capital has appointed Michael McGavick as its chief executive officer.
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Positive outlook for Muang Thai Life
Fitch has assigned Muang Thai Life an insurer financial strength (IFS) rating of 'BBB+' rating and a national IFS rating of 'AA(tha)'.
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Online onlyClass action brought against Swiss Re
Law firm Spector, Roseman & Kodroff has announced that a securities class action lawsuit has commenced against Swiss Re in the US District Court for the Southern District of New York.
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Ballantyne Re and Orkney Re II notes downgraded
Approximately US$370 million of debt affected.
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Stable outlook for CIGNA's CP programme
Moody's has assigned a P-2 rating with a stable outlook to CIGNA’s 4(2) commercial paper programme.
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RAM reports 152.9m dollar loss
RAM Holdings has reported a fourth quarter net loss of $152.9m, or $5.61 per diluted share.
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Online onlyGulf reinsurer launched by Arch and GIC
Gulf Re, a reinsurer based in the Gulf Cooperation Council region, has been launched by Arch Capital and Gulf Investment Corporation at the World Insurance Forum in Dubai.
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FGIC announces 1.89bn dollar loss
FGIC Corporation, the parent company of Financial Guaranty Insurance, has announced a net loss of $1.89bn for the quarter ended 31 December, 2007.
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National Atlantic announces 6.2m dollar loss
National Atlantic has announced a net loss of $6.2m, or $0.56 per share for the full year ended 31 December 2007.
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Ambac securities removed from negative watch
Fitch has affirmed and removed 424 classes of asset-backed securities (ABS) wrapped by Ambac from rating watch negative.
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Tokio Marine assigned stable outlook
A.M. Best has removed from under review with negative implications the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Tokio Marine Pacific Insurance.
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Online onlyRatings assigned to windstorm bond
Standard & Poor's has assigned credit ratings to variable-rate notes issued by Queen Street, under its principal at-risk variable-rate note program.
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Online onlyScottish Re suspended by NYSE
Scottish Re has received notification from NYSE Regulation that its common stock and 7.25% non-cumulative perpetual preferred stock will be suspended.
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Max Specialty acquires US carrier
Max Specialty has agreed to acquire a US-based admitted insurance company licensed to write business in all 50 states plus the District of Columbia.
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Negative outlook for Irish Life
Standard & Poor's has revised its outlook on Irish Life & Permanent and its core group member Irish Life Assurance to negative from stable.
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Montpelier Re appoints Harris as CEO
Montpelier Re has appointed Christopher Harris as chief executive officer, effective 1 July, 2008.
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Quanta announces special cash dividend
Quanta has declared a special dividend of $1.75 per common share.
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Hannover Re outlook changed to positive
The outlook for the issuer credit rating and debt ratings of Hannover Re and its rated subsidiaries has been revised to positive from stable by A.M. Best.
