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Chaucer talks up rates
Lloyd's insurer Chaucer has forecast a "significant increase" in offshore energy rates and flagged up hardening conditions in aviation and catastrophe-exposed property markets.
24 May 2010
Fitch affirms AXA
French giant AXA had its Fitch financial strength rating affirmed at AA today (17 January), and its Long-term and Short-term ratings at A+ and F1 respectively, all with a stable outlook.
17 January 2005
Highly leveraged brokers risk downgrades
Highly leveraged insurance brokers and service providers are subject to high credit risk and may face downgrades, rating agency Moody’s Investor Services warned last week.
13 August 2007
PartnerRe books Q1 operating loss as cats bite
In line with many of its catastrophe-exposed peers, Bermudian (re)insurer PartnerRe booked an operating loss for the first three quarters of the year and saw net income plummet after being battered by losses.
07 May 2010
Lancashire facing its biggest test to date
Bermudian-headquartered insurer Lancashire Holdings Ltd will have faced its biggest test to date so far this year and its forthcoming first quarter results will give the best indication yet of the firm's strength, according to analyst Nick Johnson of Numi
28 April 2008
QBE warns first half profits set to shrink by 40%
Australian (re)insurer QBE has warned that its first-half profits are likely to be 40 percent down on 2009, as it wrestles with net realised and unrealised equity losses of US$228mn.
26 July 2010
QBE warns first half profits set to shrink by 40%
Australian (re)insurer QBE has warned that its first half profits are likely to be 40 percent down on 2009, as it wrestles with net realised and unrealised equity losses of US$228mn.
26 July 2010
JLT takes 20% stake in Greco as part of expansion in Europe
London-listed Jardine Lloyd Thompson (JLT) has added three new independent European brokers to its network, including the acquisition of a 20 percent stake in Austrian broker Greco.
26 July 2010
AIG could repurchase a further $20bn of stock by Q3 – Deutsche
AIG's quest to dispose of non-core assets and generate excess liquidity could see the company repurchase as much as $20bn of its stock over the next two quarters alone, potentially having a dramatic improvement on the insurer's current ailing valuation, according to research by Deutsche Bank.
14 May 2012
Transocean insurers seek to bar Macondo trio
Insurers for Deepwater Horizon owner Transocean have filed legal complaints, seeking declarations that Macondo well owners BP, Anadarko and Moex are not "additional insureds" under its policies
20 June 2011
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