November 2005/5

AM Best joined its rivals in putting the ratings of Swiss Re under review with negative implications following the giant reinsurer’s move to buy up the reinsurance operations of US conglomerate General Electric. In an 18 November statement, the...

Fast-expanding Lloyd’s insurer Omega last Thursday announced unchanged forecasts for the 2003 and 2004 years of account on its Syndicate 958, adding that it expects the widely loss-struck 2005 year to also yield a profit. The insurer predicts a 2003...

Shares in XL Capital slumped 9 percent to $67.42 as markets reopened Friday (25 November) following the Bermudian (re)insurer’s revelation that it is set to lose a dispute with Credit Suisse over its acquisition of certain Winterthur International...