All Top News Stories of The Week articles – Page 6
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Berkshire to sell White Mountains stake
WTM will transfer certain runoff units and $751m in cash to Berkshire Hathaway
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White Mountains ratings unaffected by Berkshire deal
Berkshire will exchange its 16.3% stake in White Mountains for 100% of a WTM subsidiary
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Swiss Re: Nat cats on the rise
Catastrophes cost $70bn in economic losses and $28bn in insured losses in 2007
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Subprime sees Ballantyne Re downgraded again
Scottish Re's sidecar is downgraded and placed on rating watch negative; significant subprime exposures warns Fitch
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Online onlyBrit profits and premiums up in 2007
“Brit is built to weather storms and is positioned for outperformance,” says Douetil
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Scottish Re waves goodbye to another CEO
George Zippel to leave in July; board feels his contribution is "no longer considered viable" given subprime exposures
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Online onlyBermuda thriving amid turmoil, says Fitch
Rating agency considers developing a separate rating outlook for Bermuda
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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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Online onlySwiss Re profits in at CHF4.2bn; lawsuit filed
Further credit swap writedown of CHF240m; Class action suit filed against the reinsurer
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Peter Zaffino named CEO of Guy Carpenter
No reasons for Spiller’s departure; Britt Newhouse is named chairman; Both to report to Duperreault
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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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AM Best downgrades Scottish Re
Troubled life reinsurer's subprime exposures cited as the cause; outlook is negative
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AM Best: Stable outlook for global reinsurers
Prices will continue to soften barring a megacat; merger and acquisition buzz will continue
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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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Online onlyInsurance 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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Online onlyExecutives 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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Another record year for Munich Re
Reinsurer to return over EUR1bn to shareholders after record profits of EUR3.9bn
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Odyssey Re reports profits of $587.2m
Record year despite a drop of 4.8% in the company’s worldwide reinsurance premiums
