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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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68570 results
  • Bermudian (re)insurer Arch Capital Group saw first quarter profit rise to $210.5mn from $139.9mn in Q1 2009, as its investment performance improved year-on-year.
  • A sluggish first quarter saw total insurance-linked securities (ILS) issuance of $300mn - almost half the levels over the same period last year - according to Aon Benfield Securities.
  • The Lloyd's and London market directors' and officers' (D&O) insurers that underwrote the $90mn+ policy for Stanford Financial Group (SFG) executives must pay out defence costs for at least another five months.
  • North Carolina's state-backed catastrophe insurance plans are to bring a $200mn wind catastrophe bond to market, which will bring the total risk placed into the capital markets in 2010 to $850mn.
  • Zurich Financial Services and Travelers have added an additional $286mn to the property and casualty (industry's Chile earthquake total, with loss estimates of $200mn and $86mn respectively.
  • Ariel Holdings has appointed Tom Hulst as chief executive of its reinsurance business, following founder Don Kramer's announcement last month that he is standing down as CEO.
  • Platinum Underwriters has confirmed that is wary of exposing itself to the increasingly risky Florida insurance market as the major treaty renewal season for the state approaches.
  • If President Obama wins enough support to get his financial reform bill through Congress next week, (re)insurers domiciled abroad who do business in the US will take a big step towards achieving a level playing field with US-based competitors.
  • Federal investigators probing allegations that hedge fund trader Raj Rajaratnam engaged in insider trading of Goldman Sachs stock believe that a director at the investment bank tipped him off about Warren Buffett's $5bn investment, The Wall Street Journal reports.
  • (Re)insurers are facing a total loss on the Transocean Deepwater Horizon rig after it sank on 22 April.