News – Page 494
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Stable outlook for LEXGARANT
S&P assigns stable ratings to aviation re/insurer, reflecting sound position in a specialised market
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New blood at Munich Re
Munich Re freshens up its North American division with new appointments
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MRC withdraws itself from ratings
S&P affirm ratings of the US reinsurer - only to be withdrawn by the company as it transfers its reinsurance business
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US offshore premiums down
RAA report reveals mixed bag of results for US offshore reinsurers
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Banks reduce their stake in Converium
Lehman Brothers and Goldman Sachs have reduced their holdings in Converium ahead of its sale
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PCI names new president and CEO
David Sampson, a member of President Bush's management council, has been named president and CEO of the PCI
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Solvency advice for Munich Re subsidiary
Mayer, Brown, Rowe & Maw LLP advise Great Lakes on reinsurance solvent scheme
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Catlin strengthens aviation team
Insurer captures aviation underwriters to build up division
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Rating actions on Paris Re subsidiaries
S&P lowers its rating and Fitch places its rating on negative watch of Paris Re Asia-Pacific
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Ironshore expands IronPro team
Ironshore has hired two industry experts for its new professional liability facility IronPro
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Lancashire enters $200m credit facility
Lancashire Insurance enters into a $200m secured five year letter of credit facility with parent
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Second quake hits Japan
Two earthquakes measuring 6.8 on Richter Scale slam Japan killing seven
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Stable rating for United Re SA
Rating reflects firm support of parent company and strong captitalisation
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Sidley Austin expands portfolio
Firm launches new insurance and reinsurance dispute practice
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New board members at ARC
ARC welcomes new members to the board, whilst bidding farewell to deputy chairman