All News articles – Page 424
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Online onlyXL launches reinsurer in Brazil
XL to enter newly-opened Brazil as both a local and admitted reinsurer
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MBIA downgraded to 'AA' - Fitch
World’s leading bond insurer ‘will not improve its credit profile until it gains more momentum in financial guarantees market’
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PXRE ratings withdrawn by AM Best
Assessment of run-off company given in light of buy-out by Tawa
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Lloyd Tunnicliffe joins Kiln
Tunnicliffe will become active underwriter of Kiln Syndicate 807, succeeding Stephen Mathers
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AM Best downgrades Electro Re
Reallocation of reserves causes uncertainty for Luxembourg-based company
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Consolidation on the cards with Solvency II
AM Best warns of pitfalls and challenges ahead in new European directives
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Ferguson named CEO of retirement association
Ex Swiss Re Financial Services head joins Teachers Insurance and Annuity Association
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Another bond insurer loses its A rating
S&P has lowered its ratings on Triad Guaranty Insurance to "BBB"; ratings remain on negative watch
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Montpelier names European head
Thomas Busher, a founding member of Montpelier, will become head of European Operations, effective 1 July 2008
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XL Insurance names new chief underwriter
In his new role, Bernard Horovitz will oversee all operations in the professional business unit
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Munich Re completes Midland acquisition
US specialty primary insurer Midland is bought for $1.3bn
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Online onlyAon: Short-term hurricane forecasts inaccurate
More success in tracking hurricane activity over periods of five years or more
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Combined upgraded following sale to ACE
The acquired entities are core operations to ACE's global operations, says Fitch
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Axis North American business bought by York SLA
York Specialized Loss Adjusting acquired Axis North America for an undisclosed sum
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Argo Group confirms Heritage buyout
$272 million all-cash transaction secures buyout of Heritage Underwriting Agency
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Online onlySolvency II: UK insurers accused of complacency
Firms must get involved or the UK will cease to be a leading European insurance market, warns Deloitte
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CastlePoint doubles dividend
The Bermuda reinsurer has doubled its regular quarterly dividend due to "strong earnings"
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ACE completes Combined buyout
ACE bought Combined Insurance Company of America from Aon for $2.56bn
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PMA sells run-off operations
Bermuda-based Armour Re will buy the run-off unit for $20m, subject to regulatory approval
