News – Page 507
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Transatlantic Reinsurance elects new officers
The board of directors elects members in its New York, Buenos Aires, Miami and Paris offices
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UPDATE: Munich Re issues €1bn bond
Munich Re will issue a bond as part of its active capital management in its Changing Gear programme
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AM Best affirms ratings of Amlin
Amlin now has a credit rating of "bbb+" with a revised outlook of positive
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QBE to launch casualty division in 2008
QBE European Operations has announced the formation of a Casualty Division
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XL subsidiary downgraded
AM Best has affirmed the ratings of XL Capital but downgraded those of its life insurance subsidiary
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RAA backs reinsurance regulation bill
Bill to introduce single framework for reinsurance regulation gets RAA backing
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PXRE calls special meeting to discuss merger
PXRE shareholders to vote on planned merger with Argonaut
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Congress urged to reject mandatory terror cover
Ahead of TRIA's sunset, Congress has been urged to reject mandatory cover for nuclear, biological, chemical and radiological attacks
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WTC insurers agree $2.5bn payout
Seven insurance companies have agreed to pay an additional $2.5bn to resolve all outstanding claims on the World Trade Center
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Charman loses divorce appeal
John Charman, founder and chief executive of AXIS, has lost his appeal against a £48m divorce settlement
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Ironshore approved to write insurance in Florida
The Bermuda-based specialty insurance company is to write property, property catastrophe and casualty insurance
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UK life insurers face a challenging year ahead
Fitch forecasts a strong 2006 for UK life insurance industry but warns of "challenging" 2007
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MCR'S ratings remain unchanged
The company retains its ratings after Partner Re acquires renewal rights
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Chaucer reports a positive start to 2007
Syndicate results show a prosperous start to the year, with pricing environment remaining "encouraging".
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Amlin Q1 premiums down
Amlin's written premium in the first four months is down modestly compared to the same period in 2006
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Hardy announces healthy results for syndicate
Syndicate 382's 2006 year of account is progressing "exceptionally well" according to Hardy Underwriting
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Ark appoints political risk underwriter
Simon Low has joined Ark as senior terrorism, war and political risk underwriter
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Endurance announces share repurchase from shareholders
The company repurchases 1.3m of its ordinary shares owned by Capital Z Financial Services Fund and Private Fund
