All Reinsurance articles – Page 52
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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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AnalysisSheriff steps down
Spitzer's probe meant brokers and insurers lost consumer confidence, says Ben Cook
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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.
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Montpelier Re appoints Harris as CEO
Montpelier Re has appointed Christopher Harris as chief executive officer, effective 1 July, 2008.
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Quanta announces special cash dividend
Quanta has declared a special dividend of $1.75 per common share.
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Hannover Re outlook changed to positive
The outlook for the issuer credit rating and debt ratings of Hannover Re and its rated subsidiaries has been revised to positive from stable by A.M. Best.
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Amlin's sub debt ratings upgraded
Moody's has announced that it has upgraded the subordinated debt ratings of Amlin to Baa2 from Baa3.
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Online onlyRFIB appoints Turnbull as CFO
RFIB Group, the Lloyd’s insurance and reinsurance broker, has appointed Jonathan Turnbull as group chief financial officer with effect from 6 May.
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AXIS shelf assigned preliminary ratings
AXIS Capital’s recently filed universal shelf has been assigned preliminary ratings by Standard & Poor’s.
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CIGNA reaffirms 2008 earnings estimate
CIGNA is reaffirming its estimate that full year 2008 income from operations will be in the range of $1.16bn to $1.22bn, or $4.05 to $4.25 per share.
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Ambac outlook changed to negative
Moody's has confirmed the Aaa financial strength rating of Ambac Assurance, but has changed the rating outlook to negative.
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Fitch changes catastrophe bonds rating criteria
Fitch Ratings has updated its global ratings criteria for catastrophe bonds.
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Solvency II will lead to insurers downsizing
Solvency II could result in more than 25% of Europe’s insurers having to reduce scale, reduce risk, or merge, according to a report by S&P.
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Online onlyWindstorm Johanna damage less than Emma
AIR Worldwide expects overall damage from Johanna to be significantly less than its predecessor, windstorm Emma.
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RAM appoints Normile and Shuster to board
RAM Holdings has announced the appointment of Michael Normile and Bradley Shuster to its board of directors.
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Online onlyBrit's Gibraltar reinsurer opens for business
Rockhampton Insurance will write some £60m of reinsurance business this year
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Online onlyRecord results for Hannover Re
German reinsurer sees profits surge by 42.6% despite a drop in premiums
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Negative outlook for German life insurers, says Fitch
The outlook for the German life insurance sector remains negative, according to a report published today by Fitch Ratings.
