All News articles – Page 412
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Ratings assigned to American Capital
A.M. Best has assigned a financial strength rating (FSR) of B++ (Good) and issuer credit ratings (ICR) of “bbb” to American Capital Assurance Group (ACA) and its member, American Capital Assurance Corporation.
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AMIC announces 275m dollar loss
American Independence (AMIC) has announced a loss of $275m as of 31 December 2007.
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Montpelier Re announces quarterly dividend
Montpelier Re has declared a quarterly dividend of $0.075 per common share.
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HCC announces quarterly cash dividend
HCC has announced a regular cash dividend of $0.11 per share on the company’s shares of $1 par value common stock.
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Online onlyTornado hits US state of Georgia
A tornado has touched down in Atlanta, Georgia just eight minutes after a warning was issued by the National Weather Service.
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XL Capital names McGavick as CEO
XL Capital has appointed Michael McGavick as its chief executive officer.
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Positive outlook for Muang Thai Life
Fitch has assigned Muang Thai Life an insurer financial strength (IFS) rating of 'BBB+' rating and a national IFS rating of 'AA(tha)'.
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Online onlyClass action brought against Swiss Re
Law firm Spector, Roseman & Kodroff has announced that a securities class action lawsuit has commenced against Swiss Re in the US District Court for the Southern District of New York.
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Ballantyne Re and Orkney Re II notes downgraded
Approximately US$370 million of debt affected.
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Stable outlook for CIGNA's CP programme
Moody's has assigned a P-2 rating with a stable outlook to CIGNA’s 4(2) commercial paper programme.
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RAM reports 152.9m dollar loss
RAM Holdings has reported a fourth quarter net loss of $152.9m, or $5.61 per diluted share.
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Online onlyGulf reinsurer launched by Arch and GIC
Gulf Re, a reinsurer based in the Gulf Cooperation Council region, has been launched by Arch Capital and Gulf Investment Corporation at the World Insurance Forum in Dubai.
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FGIC announces 1.89bn dollar loss
FGIC Corporation, the parent company of Financial Guaranty Insurance, has announced a net loss of $1.89bn for the quarter ended 31 December, 2007.
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National Atlantic announces 6.2m dollar loss
National Atlantic has announced a net loss of $6.2m, or $0.56 per share for the full year ended 31 December 2007.
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Ambac securities removed from negative watch
Fitch has affirmed and removed 424 classes of asset-backed securities (ABS) wrapped by Ambac from rating watch negative.
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Tokio Marine assigned stable outlook
A.M. Best has removed from under review with negative implications the financial strength rating of A+ (Superior) and the issuer credit rating of “aa-” of Tokio Marine Pacific Insurance.
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Online onlyRatings assigned to windstorm bond
Standard & Poor's has assigned credit ratings to variable-rate notes issued by Queen Street, under its principal at-risk variable-rate note program.
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Online onlyScottish Re suspended by NYSE
Scottish Re has received notification from NYSE Regulation that its common stock and 7.25% non-cumulative perpetual preferred stock will be suspended.
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Max Specialty acquires US carrier
Max Specialty has agreed to acquire a US-based admitted insurance company licensed to write business in all 50 states plus the District of Columbia.
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Negative outlook for Irish Life
Standard & Poor's has revised its outlook on Irish Life & Permanent and its core group member Irish Life Assurance to negative from stable.
