All Weekly Email Alert articles – Page 36
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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
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Online onlyParis Re moves Bermuda firm to Switzerland
Following ACE’s move from Cayman to Zurich, Paris Re merges its Bermudan and Swiss entities
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Online onlyScor enters Brazil reinsurance market
Scor joins recent movers Transamerica, Swiss Re and XL in Brazil
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Online onlyXL launches reinsurer in Brazil
XL to enter newly-opened Brazil as both a local and admitted reinsurer
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Montpelier names European head
Thomas Busher, a founding member of Montpelier, will become head of European Operations, effective 1 July 2008
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Munich Re completes Midland acquisition
US specialty primary insurer Midland is bought for $1.3bn
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Online onlyAon: Short-term hurricane forecasts inaccurate
More success in tracking hurricane activity over periods of five years or more
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Argo Group confirms Heritage buyout
$272 million all-cash transaction secures buyout of Heritage Underwriting Agency
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Online onlySolvency II: UK insurers accused of complacency
Firms must get involved or the UK will cease to be a leading European insurance market, warns Deloitte
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Roger Ferguson leaves Swiss Re
As Financial Services unit is "simplified" Ferguson leaves to join a major financial institution; David Blumer joins from Credit Suisse
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S&P rates Chubb cat bond
East Lane II is the first time S&P has assigned a rating to a cat bond covering wildfire losses
