All Financial articles – Page 21
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Aurigen Re starts life/health cover in Canada
Bermuda reinsurer gains regulatory approval
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PhilNaRe profits tumble
41% fall in profits in the first half of the year. Typhoon claims hurt results.
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Tokio Marine profit falls 42%
Japan's insurance sector suffers as country nears recession
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Hannover Re reports reduced income
Capital market and exchange rate movements dampen profitability
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Prudential settles over finite reinsurance
Prudential agrees to a permanent injunction against further violations, after SEC complaint.
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Validus shelf rated
A.M. Best assigns indicative ratings of "bbb-" on senior debt, "bb+" on subordinated debt and "bb" on preferred stock. No plans to offer securities currently.
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Markel International's income falls
Investment loss of $114m. Net income per share down by almost half, during first six months of 2008.
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Lancashire writes 27% less in Q2
Premiums drop, but book value up, as company maintains cautious approach in softening market.
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Swiss Re reports net income of CHF 600m
Strong Q2 performance in property & casualty and life & health businesses
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Axis Capital reports Q2 income of $231m
Company received record net investment income of $137m
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Channel Re downgraded from Aa3 to Baa1
Moody's action reflects concerns over mortgage-related CDO exposure
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Odyssey Re Q2 profits fall
However, six month results still remain higher than corresponding results from last year
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SCOR acquires Prevoyance Re
Deal includes five-year tie-up with French social protection provider
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Willis commissions up despite soft market
Commissions up 3% despite declining premium rates. Net income for the quarter falls by half, after costly contract buyouts and severance costs.
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Allied World opens Atlanta office
Move allows US division to expand distribution in Southeast