All Company articles – Page 74
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Allianz Global ratings affirmed
AM Best affirms ratings of Allianz Global Corporate & Specialty AG
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Munich Re joins UN initiative
Global Compact initiative promotes human rights and environmental standards
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JLT hires Japanese construction expert
Nobuyuki Akahane joins broker from Marubeni Corporation
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SCOR gets clean bill of health
Converium ratings upgraded to “A-” and SCOR removed from negative watch
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Korean Re in Asian expansion plans
Reinsurer plans to acquire 10%-20% of primary Asian insurers
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New takaful company for Qatar
The Qatar General Insurance and Reinsurance Company launches new offering
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XL ratings affirmed
S&P affirm XL’s ratings, with a stable outlook, but this is partially offset by “inconsistent earnings performance”
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Analysis
Is subprime the next Enron?
Professional liability re/insurers prepare for the fallout of the US subprime collapse
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Subprime collapse ups liability claims risk
D&O and E&O costs could rise as a results of the US sub-prime crisis, warns Marsh
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Hiscox reports record half-year results
Insurer increases profits by 72.1%, GWP rises 17%
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Munich Re buys stop loss insurer
German reinsurer increases stake in Cairnstone from 25% to 100%
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QBE reveals 56% profit increase
H1 results up to a record $921m; no exposure to sub-prime crisis
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Scottish Re North America CEO steps down
Scottish Re North America president and CEO Cliff Wagner leaves the company; Goldean steps in
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ACE declares quarterly dividend
ACE has declared a quarterly dividend of 27 cents per ordinary share
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RMS and Insight form new underwriting service
The new venture provides US property insurers with direct access to RMS models and Insight’s analytics
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TAWA expands APH team
Three new appointments join from Axiom to strengthen consulting service
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Analysis
Mexico braces for cat 4 Dean
Dean is expected to make landfall in Mexico in four days time as a category 4 storm
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Fewer opportunities boost buybacks
The dramatic increase in share buybacks should not harm ratings, says Moody’s