All News articles – Page 497
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RMS launches new wind index
Risk Management Solutions (RMS) and WeatherFlow, a provider of private weather data, have announced they have partnered to launch the WindX parametric index in time for what is expected to be a highly active 2007 Atlantic basin hurricane season. The WindX system is based on location-specific wind speed values which ...
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AIG subsidiary opens office in Bermuda
Lexington Insurance Company, a member company of American International Group, has announced it has opened a property and casualty insurance underwriting office in Hamilton, Bermuda. “Establishing this new office reflects Lexington's commitment to providing ready access to top-quality products and coverage limits. Risk managers and brokers on Bermuda will now ...
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Munich Re confirms €988m dividend payout
Reinsurer confirms dividend totalling €988m, or €4.50 per share
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Montpelier Re enjoys 4.4% quarterly return
Montpelier Re has reported income for the first quarter of 2007 of $72.6m. Operating income, which excludes foreign exchange and investment gains and losses, was $60.3m.The combined ratio was 65.6%, which included $35m relating to Kyrill offset in part by $8m of favourable prior period reserve development. Anthony Taylor, chairman ...
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Aspen completes $200m cat bond and ILW deal
Aspen has turned to the capital markets to protect against California earthquake and US wind events
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IPC announces $200m share buyback
IPC Holdings has reported net income for the quarter ended 31 March 2007 of $77.2m, or $1.07 per common share, compared to $62.6m, or $0.86 per common share, for the first quarter of 2006, a 23% increase. Net operating income was $68.5m compared to $75.3m for the first quarter of ...
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PCS: Q1 US cat losses cost $1.2bn
Catastrophe losses in the United States cost insurers $1.2bn in the first quarter of 2007
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ACE hit by settlement losses in Q1 results
Ace is the highest value card in the pack, but not if you are playing blackjack
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XL profits up in Q1 despite Kyrill losses
XL's income was up for the quarter, but its reinsurance business was hit by losses from Windstorm Kyrill
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S&P upgrades insurers after Japan upgrade
Standard & Poor's has raised to “AA” from “AA-“ its financial strength and long-term counterparty credit ratings on Tokio Marine & Nichido Fire Insurance, Tokio Marine & Nichido Life Insurance, Mitsui Sumitomo Insurance, Mitsui Sumitomo Kirameki Life Insurance, Mitsui Sumitomo MetLife Insurance, and MassMutual Life Insurance following the upgrade of ...
