News – Page 466
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MMC in $800m accelerated buyback
Marsh & McLennan will repurchase $800m worth of outstanding MMC common stock
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Senior hires at Ace Tempest Life Re USA
Ace Tempest Life Re USA has named Jim Gibbs chief underwriting officer
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Whittington in successful scheme
First Singapore-based insurer scheme of arrangement hailed a success
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Hiscox has expected rating withdrawn
Fitch has withdrawn Hiscox’s subordinated securities expected rating
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Converium upgraded to "A-"
Successful acquisition by SCOR leads to upgrade; SCOR ratings affirmed
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More than 60 killed as wildfires rage in Greece
“The main tourist areas and concentrations of insured properties have been largely unaffected,” says AIR
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Online onlyEuropean insurers to escape subprime
Second-order effects likely to be of greater significance, says Moody's
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Online onlyFitch ups capital charges for mortgage insurers
Some rating downgrades expected in the wake of the US subprime collapse
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Online onlyMississippi lawyer charged in Katrina dispute
An attorney has been charged with criminal contempt in a Katrina claims dispute involving State Farm
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Ace expands risk team
John Nilson has been appointed to the position of senior vice president for risk management
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Carvill and TFS form broker
The new partnership is a response to the increased interest in insurance derivatives
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Online onlyPartnerRe to launch $1bn European reinsurer
PartnerRe consolidates in Dublin under the Reinsurance Directive
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Sub-prime exposure affects Scottish Re
Moody's has changed the outlook on Scottish Re to stable from positive as a result of the company's US sub-prime exposures
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New hire for Lloyd's South Africa
Litha Mveliso Nyhonyha has been appointed general representative for Lloyd's in South Africa
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EQECAT: Dean losses around $2bn
EQECAT also estimates that overall losses in Mexico will be less than $250m
