All Weekly Email Alert articles – Page 26
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Beazley completes Momentum buy
Acquisition supported by set up of two new Lloyd’s syndicates. Chris Branch now runs Beazley Accident & Life division.
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Allco collapses
Australian finance house that once tried to take over Quantas goes into receivership
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HCC results hit by Gustav and Ike
HCC exits equity investments, including hedge funds and alternative investments, and reinvests in fixed income
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Online onlyHannover Re reports Q3 loss
395 million euro net loss, but could break even in the fourth quarter.
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Online onlySwiss Re net loss of CHF304m in Q3
Net claims from hurricane Ike revised up from $250m to $315m
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U.S. must maintain Fannie and Freddie guarantees, says Bernanke
Fed chairman says that U.S. backing for government sponsored entites Fannie Mae and Freddie Mac must stand firm
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Odyssey Re operating loss for Q3
Net income rises. Net realised gains more than double to $128m
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The Hartford lost $2.6bn in Q3
Recent $2.5bn investment from Allianz has strengthened capital.
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Canada makes life easier for segregated funds
Slackening of capital ratios that insurers need to maintain against future obligations
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Navigators results hit by Gustav and Ike
Hurricanes Gustav and Ike cause $18m losses in third quarter. Net income of $1m for 3Q.
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Dutch government steps in to protect Aegon
Another Dutch insurer receives government help. 3bn euros to be injected.
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AIG could need even more cash
$85bn was not enough. Now $120bn loan may not be still not be enough for credit default swap-mired AIG.
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Platinum Underwriters expands share buyback
New maximum of $250m for share repurchase programme. Quarterly dividend declared.
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JMD reports widely used at Lloyd's
New service reporting on the timing of broker premium payments is taken up at Lloyd's
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Metrobank could bid for AIG local unit
Philippines' largest lender interested in buying Philamlife
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ING Canada ratings unchanged - Moody's
Canadian P&C insurer avoids downgrade of its parent ING Groep N.V.
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Bank of Beijing could buy stake in ING life venture
Bank of Beijing in talks to purchase a 50% stake in one of ING's life insurance ventures in China
