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Company Example A

Overview
Content
Data

Company type

Insurance-Linked Securities (ILS) and Investment Managers

Miscellaneous

Founded
1896

Major offices

Zurich, CH (headquarters)
Nassau, BS

Officers

Smedley MacGuffin (CEO)

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  • World’s number two reinsurer Swiss Re got a year-end thumbs up from AM Best as the ratings agency affirmed its A+ financial strength and “aa” credit ratings on the Zurich based company.
  • AJ Gallagher has plundered from the management of Jardine Lloyd Thompson’s US based reinsurance operations, JLT Re Solutions, Insider Week can reveal.
  • Berkshire Hathaway confirmed last week that its reinsurance arm General Re has received a request from the Securities and Exchange Commission for information relating to its sale of “non-traditional or loss mitigation insurance products”.
  • Strong results in the US property casualty sector were sustained throughout the first three quarters of 2004, as companies stood firm against the battering from the quartet of hurricanes that swept the Caribbean and South Eastern States last autumn.
  • Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world’s largest insurance broker from “neutral” to “buy”.
  • The US insurer WR Berkley revealed last month that it had uncovered evidence of “inappropriate solicitation practices” as part of its internal investigations into the group’s business practices.
  • But uncertainty remains on how firm the company’s walk-away option is on remaining asbestos exposures... ACE Ltd has partially lifted the asbestos albatross which haunted the company's reserves ever since it acquired CIGNA Property & Casualty business
  • Fitch Ratings has found itself embroiled in a dispute with the German Insurance Industry Association GDV over its plans to publish unsolicited ratings on hundreds of European insurers. In a 7 January dated letter sent to Fitch Ratings' managing directo
  • Cover for up to $65bn of telecoms assets may have to be placed on the open market following the collapse in November 2004 of Pender Mutual Insurance Company (PMIC), the Isle of Man based insurer set up to provide cover for Cable & Wireless and other large
  • Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world's largest insurance broker from "neutral" to "buy".