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There are 68,813 results that match your search.68,813 results
  • Congress probes SEC Madoff failings
    The US Congress will today (5 January) hold a hearing to investigate how US financial regulator the Securities and Exchange Commission (SEC) failed to prevent the alleged $50bn fraud by Wall Street trader Bernard Madoff...
    05 January 2009
  • US (re)insurers' income plummets by 85 percent
    US property & casualty (P&C) (re)insurers saw net income for the first three quarters of 2008 fall by 85 percent to $7.3bn, with an underwriting loss of $10.9bn, according to a report by rating agency AM Best.
    05 January 2009
  • R&Q buys Bermuda captive manager
    Randall & Quilter (R&Q), the UK listed run-off acquisition and management firm, has continued its strategy of acquiring service companies with a deal to pay up to $6.9mn to acquire the Bermuda-based Quest Management Services Ltd.
    05 January 2009
  • XL Capital 'diminished'
    XL Capital's competitive position has "diminished" because of the enervating effect of the earnings and capital charges that have overshadowed the Bermudian (re)insurer in the past few years, according to ratings agency Standard & Poor's (S&P).
    05 January 2009
  • Lehman cat bonds affirmed, but funds still 'vulnerable'
    Ratings agency Standard & Poor's (S&P) affirmed its junk ratings on three catastrophe bonds affected by the collapse of Lehman brothers after their total return swaps were terminated...
    05 January 2009
  • Harbor Point reels from $117mn hurricane hit
    Harbor Point Re Ltd, the privately owned casualty focused Bermudian reinsurer formed out of Chubb Re in 2005, has had the outlook on its A- financial strength ratings revised to negative from stable by Standard & Poor's...
    05 January 2009
  • List of Madoff victims grows; hefty litigation looming
    As the lengthy list of victims in the Madoff scandal grows daily to include educational institutions, charities and foundations together with international banks, private hedge funds and insurers around the world (see table),so too does the...
    05 January 2009
  • Demand increase and modest rate rises at 1/1
    Reinsurance rate increases at 1/1 renewals have been relatively modest, caused in no small part by a relatively small depreciation in industry capital, which has helped to contain price rises...
    05 January 2009
  • Starr's Bermudian reinsurer gains A rating
    Bermudian reinsurer Starr Insurance & Reinsurance Ltd (SIRL), a subsidiary of Starr International Company, Inc has been assigned a stable financial strength rating of A by AM Best.
    05 January 2009
  • Asia Capital in Hong Kong expansion
    Singapore-based reinsurer Asia Capital Reinsurance Group received approval last month to open a branch office in Hong Kong as a spearhead to its expansion into the northeast Asia markets.
    05 January 2009
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