All Online only articles – Page 249
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Casiopea Re affirmed despite new demands
AM Best has affirmed the financial strength rating of A- of Casiopea Re
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Swiss Re issues $750m of hybrid securities
Swiss Re has successfully issued a total of AU$750m of hybrid debt securities
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UK earthquake could cost £50m
An earthquake which hit the southeast of England could cost up to £50m in insured losses
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Everest completes $400m public offering
Everest Re has completed a public offering of $400m of fixed notes
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Arch reports healthy Q1; buyback underway
Arch Capital has reported net income for the first quarter of $198.6m, up from $129.6m for Q1 2006
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Generali and PPF create new European insurer
Assicurazioni Generali's board of directors have announced that Assicurazioni Generali and PPF Group N.V., through Ceska pojistovna, a life and non-life insurance group in the Czech Republic, have entered into a preliminary joint venture agreement to create the leading insurer in the Central and Eastern European region. The new joint ...
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SCOR's shareholders give thumbs up for Converium bid
SCOR shareholders have approved the company's bid for rival Converium
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Tokio Millennium Re rating affirmed
AM Best has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” for Tokio Millennium Re (Bermuda). The outlook for both ratings is stable. The ratings reflect TMR's excellent financial strength, overall favourable business performance and management profile. The excellent financial strength takes into ...
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“Solid start” to the year for Willis
Willis saw a 25% increase in earnings in the first quarter, and completed a $457m buyback of stock
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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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Kiln further expands aviation team
Philippe Daouphars has joined Kiln as specialist aviation underwriter
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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
