All News articles – Page 422
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Amlin's sub debt ratings upgraded
Moody's has announced that it has upgraded the subordinated debt ratings of Amlin to Baa2 from Baa3.
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Online onlyRFIB appoints Turnbull as CFO
RFIB Group, the Lloyd’s insurance and reinsurance broker, has appointed Jonathan Turnbull as group chief financial officer with effect from 6 May.
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AXIS shelf assigned preliminary ratings
AXIS Capital’s recently filed universal shelf has been assigned preliminary ratings by Standard & Poor’s.
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CIGNA reaffirms 2008 earnings estimate
CIGNA is reaffirming its estimate that full year 2008 income from operations will be in the range of $1.16bn to $1.22bn, or $4.05 to $4.25 per share.
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Ambac outlook changed to negative
Moody's has confirmed the Aaa financial strength rating of Ambac Assurance, but has changed the rating outlook to negative.
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Online onlyEliot Spitzer resigns
The "Sheriff of Wall Street" steps down after sex scandal revelations
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Fitch changes catastrophe bonds rating criteria
Fitch Ratings has updated its global ratings criteria for catastrophe bonds.
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Solvency II will lead to insurers downsizing
Solvency II could result in more than 25% of Europe’s insurers having to reduce scale, reduce risk, or merge, according to a report by S&P.
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Online onlyWindstorm Johanna damage less than Emma
AIR Worldwide expects overall damage from Johanna to be significantly less than its predecessor, windstorm Emma.
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RAM appoints Normile and Shuster to board
RAM Holdings has announced the appointment of Michael Normile and Bradley Shuster to its board of directors.
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Online onlyBrit's Gibraltar reinsurer opens for business
Rockhampton Insurance will write some £60m of reinsurance business this year
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Online onlyRecord results for Hannover Re
German reinsurer sees profits surge by 42.6% despite a drop in premiums
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Negative outlook for German life insurers, says Fitch
The outlook for the German life insurance sector remains negative, according to a report published today by Fitch Ratings.
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Flagstone buys stake in South African reinsurer
Bermudian reinsurer will acquire 65% of Imperial Reinsurance Company
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Montpelier Re names new CFO
Michael Paquette is named CFO; Kip Oberting is leaving to start an investment advisory firm
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Eliot Spitzer in prostitution scandal
The man who outlawed contingent commissions issues a public apology for hiring a prostitute
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New chief underwriter for XL Insurance
XL Insurance has named John Glancy to the newly created position of chief underwriting officer
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Berkshire to sell White Mountains stake
WTM will transfer certain runoff units and $751m in cash to Berkshire Hathaway
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White Mountains ratings unaffected by Berkshire deal
Berkshire will exchange its 16.3% stake in White Mountains for 100% of a WTM subsidiary
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Underwriting Risk Services launches Italian operation
Talbot Risk Services Italia will trade as a Lloyd's coverholder under the auspices of URSL
