All Company articles – Page 52
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AM Best upgrades Aspen Insurance
Upgrade to “A” reflects the “sustainable improvement in its standalone risk-adjusted capitalisation”
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BMS poaches Cooper Gay team
BMS has acquired a US P&C brokerage team led by Jim Brost and Mike Joyce
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Axis enters additional $400m buyback
To date in 2007, the company has repurchased $305m of common shares
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Korean Re outlook revised to positive
Ratings reflect its continuous growth in absolute capitalisation, excellent performance and dominant market position, says AM Best
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Liberty reduces capacity for 2008
Liberty Syndicates' capacity down from £917m to £830m in 2008
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Analysis
Tough at the top
MMC's downgrade tops off a troubled year of lawsuits and poor financial results
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Everest Re back on stable
Outlook revised dues to strong performance in 2006 and 2007, says S&P
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MMC ratings lowered due to Marsh failings
Reflects “the many challenges” Marsh faces over the next two years, says S&P
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AXA CS Re ratings affirmed
Ratings are based on performance since AXA’s decision to place the companies into run off, says AM Best
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Guy Carp expands Iberian team
Carlos Abrantes from Global Seguros Lisbon is named senior vice president
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Hannover Re Takaful gains “A” rating
Its target of $100m in gross premiums written by 2009 is viewed as achievable, says S&P
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Analysis
Another one bites the dust
Should Hardy’s decision to up sticks to Bermuda come as a warning to the UK Treasury?
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Hardy to move to Bermuda
Lloyd’s insurer follows Hiscox, Omega and Kiln to the low tax domicile; will establish Class 3 reinsurer Hardy Re
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Liffey Re assigned "BBB-"
Ireland-based reinsurer benefits from support of parent QBE del Istmo, Cia de Reaseguros
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Lockton forms fac reinsurance team
David Cousar from Willis Re and Howard Grace from Aon Re will head the new team
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RMS: Climate change will amplify flood exposures
By 2070s 150 million people will be at risk; exposed assets in Miami alone will be over $3.5trn
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Buffett could testify in fraud trial
Warren Buffett is called as a witness in the finite case that caused Hank Greenberg to leave AIG
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XL completes purchase of Swiss Re consultancy
Global Asset Protection Services provides loss prevention consulting services
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Talbot syndicate capacity unchanged for 2008
Insurer warns of 5% premium rate reductions; Talbot Asia receives formal approval