All Company articles – Page 46
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S&P: XL ratings unaffected by $1.5bn-$1.7bn loss
SCA’s downgrade (by Fitch) will also have no impact on the rating
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Aon responds to SocGen fraud
$7bn loss demonstrates "significant and varied risks faced by the major banks of the world"
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Fitch downgrades XL units
“Monoline insurer” Security Capital Assurance is downgraded to an “A” rating level
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Allianz reveals record profits
Meets forecasts with operating profit exceeding 10.8bn euros
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Ambac reveals $3bn Q4 net loss
Financial guarantee insurer says loss is due to $5.2bn mark-to-market losses on credit derivative exposures
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Record year for RGA despite $267.7m subprime loss
Net premiums up 13% to $4,909m; Net income totalled $293.8m
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XL to take $1bn credit crunch hit
XL expects to record a fourth quarter net loss of $1bn to $1.2bn; total loss of $1.5bn to $1.7bn
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Analysis
GIC has arrived
The opening of the first London branch of GIC Re has far-reaching implications
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Channel Re on review for downgrade
Moody's worrys about mortgage-related risks on portfolio
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Berkshire Hathaway buys 3% of Swiss Re
Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway
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Worst underwriting year ever for marine P&I
Willis review finds highest level of outstanding claims in 2006/7 policy year
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Swiss Re in landmark cat bond
$85m bond covers Central American earthquakes; boasts unique index triggers
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Guy Carp in landmark Irish reinsurance deal
Transaction reinsures over €100m of Bank of Ireland Life's existing book of annuity business
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Heritage rejects Ironshore bid
Lloyd's underwriter reveals other prospective buyers have come forward
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SCOR assesses credit crunch exposure
Reinsurer concludes it has "no underwriting exposure to US monoliners"; possible investment exposure of EUR83m
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Wilton Re gains positive outlook
Recent acquisitions have secured Wilton Re’s position in the US domestic life reinsurance industry, says AM Best
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Willis 'poised to launch' MMC bid
CNBC claims broker has made an approach to larger rival