All Financial articles – Page 42
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RAM Holdings hires new CFO
Edward Gilpin joins from ACA Capital Holdings where he was CFO
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AM Best assigns "A-" to JRG Re
Bermuda start-up has a capitalisation of $250m and a lead role within Franklin holdings
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Fitch: Negative rating actions will continue
Rating agency says it expects higher levels of credit defaults and a strong bias towards negative rating actions
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Atradius merges with Crédito y Caución
World’s second and fourth largest credit insurers join forces
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Liberty boosts claims operation with new appointment
John McCammon from Sagicor to manage European claims operations
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Fitch downgrades XL
Downgrades from "A+" to "A" after company reports fourth quarter charge of $1.5bn to $1.7bn
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Swiss Re joins IFEX
Reinsurer will make markets in the US Tropical Wind Event Linked Futures
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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