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There are 68,935 results that match your search.68,935 results
  • Orlich upbeat despite Transatlantic downgrade
    The drag of Transatlantic Holdings' relationship with majority shareholder American International Group (AIG) was evident in the downgrade of its core operating companies' financial strength ratings from AA- to A+ by Standard & Poor's last week.
    26 January 2009
  • $233mn alternative investment hit spoils Max's party
    Max Capital has revealed a negative return of approximately 20 percent on its alternative investment portfolio for 2008, prompting unrealised asset write-downs of around $233mn and a full-year loss and negative net operating return on average shareholders
    26 January 2009
  • Ironshore continues its AIG raids
    Ironshore Inc continued its raid on American International Group (AIG) with the appointment of a trio of executives to man a newly created US property/casualty operation.
    26 January 2009
  • Aspen finally places FI reinsurance programme; 2008 loss fears mount
    Bermudian-headquartered (re)insurer Aspen Insurance Holdings Ltd has endured a struggle to renew the reinsurance programme for its financial institutions (FI) book written out of London reflecting concerns over the sector's loss exposures, The Insurance Insider can reveal. 
    26 January 2009
  • Merrill Lynch to pay $550mn sub-prime settlements, new suits filed
    Investment bank Merrill Lynch has agreed to pay out $475mn and $75mn to settle two class action lawsuits filed against it in relation to its sub-prime related losses.
    26 January 2009
  • AJ Gallagher offloads reinsurance run-off; Citadel builds broking platform
    US run-off specialist Citadel Risk Management has acquired "substantially all"of broking group AJ Gallagher's reinsurance run-off portfolio in a move which the Citadel group described as an "opportunity to create a runoff sector for the reinsurance interm
    26 January 2009
  • Hannover Re buys $1.2bn portfolio from Scottish Re
    Hannover Re has bought buy a book of US life reinsurance business from Scottish Re with estimated premium volume of $1.2bn in what it described as a "transformational step" for its global life unit.
    26 January 2009
  • Arch confirms 2009 Lloyd's launch; RenRe next?
    Bermuda-based (re)insurer Arch Capital Group has received approval in principle from the Lloyd's Franchise Board and UK regulator the Financial Services Authority (FSA) to establish a new managing agent and syndicate at Lloyd’s.
    26 January 2009
  • Swiss Re hit by fresh write-down concerns; insurance stocks slide
    Swiss Re led the slide in European insurance stocks on Friday (23 January) as its share price fell more than 20 percent amid concerns that it is set for a further round of heavy write-downs and may need to raise capital when it reports its fourth quarter
    26 January 2009
  • PartnerRe sees growing reinsurance demand
    Bermudian-based PartnerRe recorded a 12 percent cancellation rate during its key 1 January renewals; a figure which it said was the lowest seen over the last five years and reflects "a reversal of the trend of increasing client retentions."
    26 January 2009
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