All News articles – Page 421
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Another downgrade for FGIC
S&P downgrades Financial Guaranty Insurance to 'AA' from 'AAA'
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Unum in $350m share repurchase
Buysback stock from Morgan Stanley as part of wider $700m plan
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Transatlantic reports record net income
Net income up 13.8% to $487.1m from $428.2m the previous year
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Innovative hire for Munich Re
Russ Wenitsky to run the newly-formed Innovative Solutions team
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Benfield opens Beijing office
Huang Ling, previously with Benfield in Shanghai, has been appointed as chief representative
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Financial Guaranty downgraded on $1bn subprime exposure
Company sees Fitch slash rating from "AAA" to "AA"; remain on ratings watch negative
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Online onlyACE bids farewell to Duperreault
Evan Greenberg wishes him well in leading Marsh & McLennan
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MBIA reveals full year $1.9bn loss
Insurer writes off Channel Re; reiterates commitment to $2bn capital raising
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Everest Re full-year profits match 2006
Q4 income down after asbestos reserve strengthening; share buyback to continue
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Scottish Re appoints new board member
Seth Gardner will be replacing Lenard Tessler who has resigned to pursue other opportunities
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Online onlyNew study pinpoints danger of sea surface warming
Benfield scientists say sea surface warming was responsible for about 40% of the increase in Atlantic hurricane activity
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Munich Re America ratings upgraded
Upgrade reflects the significant level of support from parent Munich Re, says AM Best
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MMC appoints Duperreault as CEO
Former ACE man, Brian Duperreault, appointed as president and chief executive officer of MMC
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Online onlyAllstate profit drops 37% on cat losses
Net income drops to $760m from $1.21bn the previous year; combined ratio up to 95.9%
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Towers Perrin launches French reinsurance operation
Serge Mussard, formerly of Guy Carp, is managing director
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Gallagher Re up for sale
Arthur J Gallagher has confirmed it will sell its reinsurance operations in early 2008
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Record €3.9bn profit for Munich Re
Treaty premiums fall €1.2bn but renewals hailed a success; subprime exposures limited
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Best recognises strong US P/C results
Despite price softening, Best finds industry underwriting profit of $19.3bn
