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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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  • Standard & Poor's (S&P) has downgraded its insurer financial strength ratings, credit ratings and the core entities of global insurer Axa Group to AA- from AA. The new ratings have a stable outlook.
  • Despite the close attentions of Lloyd's underwriting tsar Tom Bolt, Gulf of Mexico (GoM)-exposed energy buyers should still be able to buy a "superior" product from the London market this year compared to 2009.
  • The Q1 financials of Australian general insurers such as QBE and IAG are likely to reflect the growing impact of heavy domestic cat losses in the period.
  • Three new US-peril cat bonds are expected to come to market in the next week, kick-starting ILS issuance ahead of the start of the US wind season in June.Reinsurance broker Aon Benfield is believed to be managing Mystic Re 2010 on behalf of US insurer Liberty Mutual. The bond is expected to come to market in mid-April and will offer multi-year cover against US wind and quake exposures, according to sources.