All Financial articles – Page 49
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Solvency II clears another hurdle
Third quantitative impact study was a “crucial exercise” in testing the design of Solvency II
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Premiums down to 1999 levels
Willis survey finds premiums are decreasing to low point of the last soft market
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AM Best: Swiss Re on negative review
Swiss Re’s ratings are placed on negative review due to its $1bn “credit crunch” loss
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Scottish Re hires chief risk officer
Samir Shah was a leader in Tower Perrin's global ERM practice
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Florida regulator denies Allstate rate hikes
Rates do not reflect the expansion of the Florida Hurricane Catastrophe Fund, says regulator
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Swiss Re ratings unaffected by $1bn write-down
Standard & Poor's does not view this to be a capital event
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Tawa launches consultancy
New unit will provide services to both the ongoing and the run-off markets
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AM Best: Endurance ratings upgraded
Upgrades reflect Endurance's excellent capitalisation, strong financial flexibility and risk management controls
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Analysis
Little collaboration on collateral
NAIC Task Force stops short on changing collateral rules
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Swiss Re takes massive subprime hit
Blames $1.07bn loss on the “unprecedented and severe ratings downgrades undertaken by the rating agencies”
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NAIC reveals draft reinsurance proposals
New framework proposes a single-state US regulator
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Hartford CEO backs TRIA passage
Public-private partnership “is essential to manage terrorism risk and provide economic security”
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Fitch upgrades Markel unit to “A”
Markel International Insurance Company is “on track to achieve underwriting profits in 2007”
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Analysis
Fall from grace
Reinsurer's are shifting their focus from maintaining credit ratings to shareholder satisfaction, according to Moody's
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Paris Re reveals drop in premiums
GWP are down 21% due to a “deliberate reduction in catastrophe exposures”
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Beazley begins £30m buyback
The company will repurchase up to 5% of its issued share capital
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UK farmers in £30m bird flu hit
Festive period sales also expected to be affected, says Aon