All Top News Stories of The Week articles – Page 4
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Good times over for global reinsurers - Fitch
Underwriting margins will contract further in 2008 as global reinsurers face heightened competitive pressures
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Online onlyBermuda's "best of times" coming to an end
Established Bermuda reinsurers show signs of discipline and the Class of 2005 faces "challenges", warns AM Best
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Online onlyAIR launches Mexico cyclone model
The model estimates insured losses from wind and flood to buildings, contents, and business interruption
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Treat captives fairly under Solvency II, urges FERMA
FERMA has called for its member associations to play an active role in developing the detail of Solvency II
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Arch income drops marginally in Q1
Share buyback of $189.8m completed in the first quarter
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Liberty Mutual to buy Safeco Corporation for $6.2bn
Liberty Mutual will become the fifth largest US property and casualty insurer
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XL Capital’s Q1 profits fall
XL is steadily navigating through some extremely difficult global credit market conditions, says O’Hara
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Heath Lambert confirms sale talks
The broker is in talks with Cooper Gay over the possible sale of its general wholesale businesses
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Everest Re income falls in Q1
US reinsurance segment sees the largest decline as a result of "increasingly competitive conditions"
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Max Capital reveals investment losses in Q1
First quarter was "one of the most volatile investing periods in recent memory", says Max CEO Marty Becker
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Online onlyFederal windstorm insurance unnecessary, argues PCI
PCI tells the US Senate that wind insurance program would needlessly displace the private market
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Good first year sees Ironshore ratings affirmed
AM Best has also assigned an "A-" rating to Ironshore Indemnity and Ironshore Specialty Insurance
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US reinsurers post 2007 combined ratio of 94.4%
US P/C results fail to match the record results of 2006, reveals AM Best
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Online onlyMunich Re to return EUR1.1bn to shareholders
“We are on the right track” says Bomhard, but first quarter is hit by "major losses"
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Online onlyLloyd's enters Brazil
Lloyd's is authorised as the first admitted reinsurer in the Brazil market
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Online onlyMunich Re joins forces with CarbonRe
The partnership will protect the buyers of carbon credits and renewable energy projects among other things
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Online onlyBermuda market premiums soar to $115.8bn
Premiums up and 71 new insurance entities set up in 2007 despite softening market, says the Bermuda Monetary Authority
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Gen Re ratings unaffected by CEO resignation
The resignation of Brandon will reduce the scrutiny applied to Gen Re, says Best. S&P also maintains ratings
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Scottish Re downgraded again
AM Best has noted a “heightened lack of clarity with respect to Scottish Re’s financial strength position”
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Wasa buys Nordic run-off portfolios
Wasa Run-Off has entered into an agreement to acquire two run-off portfolios from Codan
