All Top News Stories of The Week articles – Page 8
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Online onlyMunich Re to open branch in Brazil
Munich Re will be represented by a subsidiary in São Paulo
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SCOR opens P/C branch in China
The SCOR SE Beijing Branch will be headed by general manager Min Wu
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AXIS profits break the $1bn mark
2007 was a "milestone year" for the six-year-old Bermuda reinsurer, says CEO John Charman
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Bob Cooney joins Aon Re Global
Former Max Capital CEO becomes MD of Aon Capital Markets and vice chair of Aon Re Global in Bermuda
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Everest Re full-year profits match 2006
Q4 income down after asbestos reserve strengthening; share buyback to continue
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Gallagher Re up for sale
Arthur J Gallagher has confirmed it will sell its reinsurance operations in early 2008
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Record €3.9bn profit for Munich Re
Treaty premiums fall €1.2bn but renewals hailed a success; subprime exposures limited
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Fitch downgrades XL units
“Monoline insurer” Security Capital Assurance is downgraded to an “A” rating level
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XL to take $1bn credit crunch hit
XL expects to record a fourth quarter net loss of $1bn to $1.2bn; total loss of $1.5bn to $1.7bn
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Berkshire Hathaway buys 3% of Swiss Re
Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway
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SCOR assesses credit crunch exposure
Reinsurer concludes it has "no underwriting exposure to US monoliners"; possible investment exposure of EUR83m
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RenRe and PartnerRe hit by Channel Re loss
Bermuda reinsurers reveal writedowns related to MBIA's financial guarantee reinsurer
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Online onlyFlorida Commissioner bans Allstate
McCarty cites Allstate’s “blatant disregard” after the insurer submits objections to subpoenas
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Allstate ratings unaffected by Florida suspension
The suspension follows allegations that Allstate did not comply with a subpoena to testify about its rate increases
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AIG winds up sidecar
Moody's withdraws ratings on Concord Re; sidecar terminated following benign weather
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MBIA in bid to prevent downgrade
US municipal bond insurer cuts dividends; initiates capital raising after $3.3bn pre-tax write-down
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Online onlyCV Starr launches Sideris Re
Energy reinsurer consists of a new Lloyd’s syndicate and a Bermuda entity; private equity firm First Reserve is Starr's partner
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Online onlyQuakes could “devastate” Europe
A moderate earthquake could generate losses of $10bn, warns AM Best
