All Company articles – Page 13
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Probe into AIG financial statements
Unclear whether former financial products boss Cassano is personally being investigated.
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Allianz sale of Dresdner to Commerzbank hastened
Commerzbank has accelerated its full takeover of Dresdner Bank, and is paying less than had been expected.
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Natixis Assurances sale deal off - say French reports
Price of 1 billion euros too low, but talks with CNP continue
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Amlin announces 7.5% fall in premium
However, management statement points to rate increases
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S&P: Atradius outlook to negative
Follows significantly reduced earnings prospects; ratings affirmed
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Mapfre Re gains licence in Brazil
Subsidiary Mapfre Re Do Brasil accepted as a local reinsurer
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Milli Re rating cut
Standard and Poor’s cites quality of investments for reduction in Turkish national scale rating
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Insurers ‘must refocus on data and relationships’
JLT spokesman says changes must be made to help the industry cope with economic turmoil
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SCOR income falls 6.7% in 2008
However, results from the first nine months show liquidity increasing to EUR3.2bn
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New Castle Re ratings unchanged by investor concerns
However, AM Best ‘will watch closely’ after reinsurance affiliate is placed into run off
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New reinsurer formed after GMAC Re buyout
Maiden Re created following Maiden Holdings purchase of GMAC reinsurance arm
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Trust Re outlook changed to positive
Bahrain-based company demonstrated improved ERM, says Standard and Poor’s
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Arig reports $10.8m net loss
Bahrain-based reinsurer suffered as a result of investment losses
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Swiss Re net loss of CHF304m in Q3
Net claims from hurricane Ike revised up from $250m to $315m
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Aspen reports $116m third quarter net loss
Compares with $117m profit for same period last year; CR of 123%.
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Odyssey Re operating loss for Q3
Net income rises. Net realised gains more than double to $128m
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CII and Aus/NZ organisation to merge
Merger creates the largest global professional body in financial services