All North America articles – Page 26
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MAPFRE enters US market with Commerce buyout
The Spanish reinsurer will buy the US non-life insurer for $2.2bn and gain 10% of its premiums from the US
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Law firms plan strategic merger
Kendall Freeman and Edwards Angell Palmer & Dodge will merge on 1 January 2008
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XN Alternative Risk names MD
Christopher Ridge is named managing director of the new risk management consulting and reinsurance broker
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Analysis
PCI: Renewals will signal increased capacity
Markel’s Paul Springman makes his 1/1 renewals predictions
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Ironshore receives Louisiana license
Ironshore Insurance has been approved to write property and catastrophe insurance in Louisiana
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Guy Carp provides new hurricane forecast tools
Announces collaboration with WSI Corporation, a provider of weather-driven business solutions
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Analysis
PCI: Shadows are lurking
Behind bullish messages lie warnings of recession as the PCI Conference kicks off
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Analysis
PCI: New blow for federal charter
Progress is taking place at a snail's pace, reveals congressman Barney Frank
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Wildfires to have limited ratings impact
Insured losses may modestly weaken full year operating results, warns AM Best
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AIR: Wildfire losses likely to exceed $1.2bn
Between 500,000 and 1 million people have been forced from their homes
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Fitch: Wildfires could break records
Rating agency predicts that the wildfires could be costliest ever in US
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Merrill Lynch insurer on negative watch
Subprime exposures take their toll on the investment bank and its life insurer
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Wildfires continue to rage as losses mount
The sheer number of fires (20) has spread fire fighting resources thin, preventing containment
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XL takes Q3 subprime knock
XL profits are down 21% primarily due to exposures to the global credit crunch
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Wildfires continue to rage in California
Fires are “not yet” as severe as those of 2003, when the Cedar Fire alone caused losses of $1.2bn
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Moody's affirms Munich Re America
Affirmation follows announced intention to acquire Midland
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Montpelier Re launches US property business
Property treaty business to be headed by Kevin Sullivan
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Increased property losses "likely" from US fires
Californian fires ravaged 30,000 acres already