All Company articles – Page 38
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Quanta announces special cash dividend
Quanta has declared a special dividend of $1.75 per common share.
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Hannover Re outlook changed to positive
The outlook for the issuer credit rating and debt ratings of Hannover Re and its rated subsidiaries has been revised to positive from stable by A.M. Best.
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Amlin's sub debt ratings upgraded
Moody's has announced that it has upgraded the subordinated debt ratings of Amlin to Baa2 from Baa3.
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Online onlyRFIB appoints Turnbull as CFO
RFIB Group, the Lloyd’s insurance and reinsurance broker, has appointed Jonathan Turnbull as group chief financial officer with effect from 6 May.
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AXIS shelf assigned preliminary ratings
AXIS Capital’s recently filed universal shelf has been assigned preliminary ratings by Standard & Poor’s.
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CIGNA reaffirms 2008 earnings estimate
CIGNA is reaffirming its estimate that full year 2008 income from operations will be in the range of $1.16bn to $1.22bn, or $4.05 to $4.25 per share.
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Ambac outlook changed to negative
Moody's has confirmed the Aaa financial strength rating of Ambac Assurance, but has changed the rating outlook to negative.
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Solvency II will lead to insurers downsizing
Solvency II could result in more than 25% of Europe’s insurers having to reduce scale, reduce risk, or merge, according to a report by S&P.
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RAM appoints Normile and Shuster to board
RAM Holdings has announced the appointment of Michael Normile and Bradley Shuster to its board of directors.
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Online onlyRecord results for Hannover Re
German reinsurer sees profits surge by 42.6% despite a drop in premiums
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Negative outlook for German life insurers, says Fitch
The outlook for the German life insurance sector remains negative, according to a report published today by Fitch Ratings.
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Flagstone buys stake in South African reinsurer
Bermudian reinsurer will acquire 65% of Imperial Reinsurance Company
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Montpelier Re names new CFO
Michael Paquette is named CFO; Kip Oberting is leaving to start an investment advisory firm
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Eliot Spitzer in prostitution scandal
The man who outlawed contingent commissions issues a public apology for hiring a prostitute
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New chief underwriter for XL Insurance
XL Insurance has named John Glancy to the newly created position of chief underwriting officer
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Berkshire to sell White Mountains stake
WTM will transfer certain runoff units and $751m in cash to Berkshire Hathaway
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Swiss Re: Nat cats on the rise
Catastrophes cost $70bn in economic losses and $28bn in insured losses in 2007
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Online onlyTokio Marine completes Kiln acquisition
Announcement follows approval of regulator on 10 March
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Amlin Bermuda to replace underwriter
Rob Wyatt will replace John Andrews as underwriting director before 2009
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Subprime sees Ballantyne Re downgraded again
Scottish Re's sidecar is downgraded and placed on rating watch negative; significant subprime exposures warns Fitch
