All Global Reinsurance articles in On-Line Archive – Page 308
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ACE USA appoints Shevlin to Southwest role
ACE USA has appointed Jim Shevlin as senior vice president and regional executive officer for the company’s Southwest region.
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AIG settles in Pennsylvania probe
AIG has reached a settlement with the Pennsylvania Insurance Department relating to the investigation into the affairs of the company and its subsidiaries.
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Hardy announces £18.3m profit
Hardy Underwriting Group has announced a pre-tax profit of £18.3m for the year ended 31 December 2007.
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Aspen appoints Cusack as COO
Aspen has promoted Julian Cusack to the role of chief operating officer.
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Ratings assigned to American Capital
A.M. Best has assigned a financial strength rating (FSR) of B++ (Good) and issuer credit ratings (ICR) of “bbb” to American Capital Assurance Group (ACA) and its member, American Capital Assurance Corporation.
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AnalysisWIF: Credit crunch should not inform Solvency II
Insurers have dealt effectively with systemic risk, insists Jacques Aigrain at the World Insurance Forum
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AMIC announces 275m dollar loss
American Independence (AMIC) has announced a loss of $275m as of 31 December 2007.
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Montpelier Re announces quarterly dividend
Montpelier Re has declared a quarterly dividend of $0.075 per common share.
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HCC announces quarterly cash dividend
HCC has announced a regular cash dividend of $0.11 per share on the company’s shares of $1 par value common stock.
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Online onlyTornado hits US state of Georgia
A tornado has touched down in Atlanta, Georgia just eight minutes after a warning was issued by the National Weather Service.
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AnalysisAll eyes on the Gulf
Conferences in Qatar and Dubai highlight growing reinsurance opportunities
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XL Capital names McGavick as CEO
XL Capital has appointed Michael McGavick as its chief executive officer.
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Positive outlook for Muang Thai Life
Fitch has assigned Muang Thai Life an insurer financial strength (IFS) rating of 'BBB+' rating and a national IFS rating of 'AA(tha)'.
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Online onlyClass action brought against Swiss Re
Law firm Spector, Roseman & Kodroff has announced that a securities class action lawsuit has commenced against Swiss Re in the US District Court for the Southern District of New York.
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Ballantyne Re and Orkney Re II notes downgraded
Approximately US$370 million of debt affected.
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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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AnalysisSwiss Re enters Brazil
Swiss Re will operate as an admitted reinsurer in the Brazilian market with a representative office in São Paulo.
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AnalysisLevene: Gulf becoming riskier place
Strong risk management is essential, Lord Levene warns delegates in Qatar
