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  • Fitch Ratings is to finally publish its “Q” ratings on between 150-200 European insurers later this week after becoming embroiled in a controversy with the German industry association GDV earlier this year (see January edition of The Insurance Insider).
  • AXA Re Property and Casualty Company (AXA Re P&C) became the first ratings casualty of the trio of storms hitting the South Eastern corner of the United States as AM Best revealed today (20 September) its decision to downgrade the reinsurer’s financial st
  • Expectations of 2002 year profits for Lloyd's, after several disastrous years, could push the market’s capacity over £14bn for 2003, according to ratings agency Fitch. Karen Sinden, an analyst with Leadenhall Insurance Consultants, sees this as a reali
  • Rating agency AM Best has affirmed the "A" (Excellent) financial strength rating of Aspen Re and assigned an issuer credit rating (ICR) of “a” to the company. In addition, AM Best affirmed the “bbb” ICR of Aspen Re parent, Aspen Insurance Holdings, along
  • Key players in the insurance backed film finance scandal are involved in writing viatical insurance If there is a greater absurdity than insurers guaranteeing the financial success of un produced films, then perhaps guaranteeing someone's death might r
  • Bermudian reinsurers XL Capital and Ace have settled their disputed property insurance claim with WTC leaseholder Silverstein Properties Inc. In a release Ace commented, "The settlement is based upon a single occurrence and therefore will comprise payment
  • A further three employees have pleaded guilty to criminal charges in connection with bid-rigging investigations by New York attorney general Eliot Spitzer.
  • Now medical and legal malpractice insurers in firing line Eliot Spitzer's probe into the insurance industry widened further last week with the news that legal and medical insurers were now under the investigative spotlight, following recent large incre
  • The UK broking operations of South African insurance group Glenrand MIB are to be bought-out by its UK management, led by chairman Andrew Wallas and chief executive Mark Pattle.
  • UK insurer R&SA offered a ray of sunshine to its long-suffering shareholders with a consensus beating first quarter operating profit of £160mn, way ahead of the £106mn-£134mn forecasts.