All Editorial articles – Page 58
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The Hartford lost $2.6bn in Q3
Recent $2.5bn investment from Allianz has strengthened capital.
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Aon recruits M&A team leader
Mark Arian, formerly of Towers Perrin, joins as corporate transactions practice leader
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Flagstone Re Africa gains its first rating
AM Best points to strong support but also the risks of rapid growth
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ACE says soft rates are over
"Rates will begin to firm" - Evan Greenberg. ACE 3Q net income falls 92% after market losses.
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Canada makes life easier for segregated funds
Slackening of capital ratios that insurers need to maintain against future obligations
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AIG names officer for transition planning
Dick Booth will restructure the company and prepare for the sale of subsidiaries
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AIG appoints chief restructuring officer
Paula Reynolds will be lead liaison officer with Federal Reserve Bank of New York
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Navigators results hit by Gustav and Ike
Hurricanes Gustav and Ike cause $18m losses in third quarter. Net income of $1m for 3Q.
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Dutch government steps in to protect Aegon
Another Dutch insurer receives government help. 3bn euros to be injected.
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Hardy hurricane losses at $23m
Investment performance insulated by earlier disposal of equity portfolio
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Industry Matters
Isn’t it ironic, don’t you think?
Despite the principal of broker independence, insurers are actively pursuing broker acquisitions, says Geoff Kinsella
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Industry Matters
Programme optimisation is the answer
Vicky Carter discusses why a strategic approach to reinsurance is the key to lowering capital costs
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Industry Matters
Against short-termism
The reinsurance industry needs to move to a more sustainable model, argues David Huckstepp
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Montpelier Re reports Q3 loss of $55m
Drop in operating income follows $130m impact of hurricanes
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Munich Re will ignore low-priced business
Giant says 10 biggest reinsurers have lost 25% of their market value
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AIG borrowings already at $72bn
Funds being used for collateral obligations under CDS portfolio
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Aon moves White Rock from Gibraltar to Malta
Low net tax and network of tax treaties ‘made the island attractive’
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Moody's reviews XL Capital for possible downgrade
Follows XL's announcement of an estimated $1.6bn to $1.7bn net loss
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Allstate’s issuer credit rating downgraded
AM Best cites company’s surplus decline due to catastrophe losses
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VIG Re assigned its first ratings
Czech-based newcomer rated 'A+' on links with Austrian parent, says S&P's Ralf Bender