All News articles – Page 426
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S&P: Insurers to finally embrace ERM
2008 will mark the year that insurers finally get to grips with enterprise risk management
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XL comments on Merrill Lynch lawsuit
Merrill Lynch is suing XL Capital Assurance and not XL Capital, contrary to "erroneous" reports
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JLT Re partners with UCLEI
University College London Environment Institute and JLT Re to develop analytical tools for the (re)insurance industry
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Record profits for acquisitive Scor
French reinsurer’s income reaches EUR407m after Converium acquisition and benign cat year
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Munich Re issues EUR170m cat bond
Cat bond issued through Queen Street programme; Securitises aggregate windstorm losses for the first time
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White Mountains' ratings affirmed
Fitch Ratings has affirmed the 'BBB+' issuer default ratings (IDRs) of White Mountains Insurance and its holding companies White Mountains Re and Fund American
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ACE USA appoints Shevlin to Southwest role
ACE USA has appointed Jim Shevlin as senior vice president and regional executive officer for the company’s Southwest region.
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AIG settles in Pennsylvania probe
AIG has reached a settlement with the Pennsylvania Insurance Department relating to the investigation into the affairs of the company and its subsidiaries.
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Hardy announces £18.3m profit
Hardy Underwriting Group has announced a pre-tax profit of £18.3m for the year ended 31 December 2007.
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Aspen appoints Cusack as COO
Aspen has promoted Julian Cusack to the role of chief operating officer.
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Ratings assigned to American Capital
A.M. Best has assigned a financial strength rating (FSR) of B++ (Good) and issuer credit ratings (ICR) of “bbb” to American Capital Assurance Group (ACA) and its member, American Capital Assurance Corporation.
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AMIC announces 275m dollar loss
American Independence (AMIC) has announced a loss of $275m as of 31 December 2007.
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Montpelier Re announces quarterly dividend
Montpelier Re has declared a quarterly dividend of $0.075 per common share.
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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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Tornado 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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Class 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.