All North America articles – Page 16
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Fitch upgrades Arch Capital and Arch Re
Upgrades reflect its consistently strong underwriting profitability relative to its peers
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The party is over, warns Buffett
Berkshire Hathaway’s underwriting profits dip in 2007; Buffett warns profit margins will fall “significantly”
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Florida needs a long-term solution, urges PCI
Floridians want to revisit the 2007 legislation and don't want "quick fixes", reveals a PCI poll
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LG: Gallagher sold for $45m
Legal advisors in sale of broker to Aon reveal further details of transaction
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"AAA" for Berkshire financial guarantee insurer
The expected ratings are based on an “extremely strong competitive position”, says S&P
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S&P lowers five securitisation ratings
Downgrades come after monoline actions, although 28 ratings were also affirmed
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Insurance agreed for WTC construction
Ace, AIG and Beazley among insurers providing cover; Willis leads placement effort on behalf of Larry Silverstein
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Executives guilty in Gen Re/AIG case
Former Gen Re and AIG executives face more than 1,000 years in prison for finite transactions
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S&P: Scottish Re to remain on creditwatch negative
Troubled life reinsurers' change in strategy will only provide a modest offset to its subprime exposures
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Analysis
Is California burning?
Encroachment of housing means wildfires now pose real threat to homeowners and insurers.
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Scottish Re abandons international life reinsurance
Change in strategic focus following downgrades sees company concentrate on North American life reinsurance
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Willis acts as co-lead in Catlin cat bond
Cover is the broadest protection of a reinsurance account yet seen in the cat bond market, says Hvidsten
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Nevada struck by magnitude 6 quake
Because the event occurred in a sparsely populated region, insured losses will not be significant
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California wildfire risk increasing, says RMS
Costing $2.5bn in California alone, 2007 was one of the costliest wildfire seasons ever
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Montpelier Re profits dip marginally
Wildfire losses hit Q4 results; roll-out of new Lloyd’s, European and US platforms cost $12m