All News articles – Page 427
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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.
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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
