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There are 69,298 results that match your search.69,298 results
  • 2008 nat cats cost $200bn
    2008 was the third worst-year on record for economic losses from natural catastrophes (nat cat), according to Munich Re.
    05 January 2009
  • AIG 'bleeding people and business'
    Former American International Group (AIG) CEO Hank Greenberg, described the firm as "Bleeding people and business" in a television interview last month.
    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
  • 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
  • Hartford affirmed, but negative outlook remains
    The Hartford Financial Services Group has had the A+ financial strength ratings of its subsidiaries removed from review with negative implications and affirmed by AM Best, albeit with a negative outlook.
    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
  • Latest AIG CDO buy-up brings total to $62.1bn
    American International Group (AIG) and the Federal Reserve Bank of New York (FRBNY) have bought an additional $16bn of multi-sector collateralised debt obligations...
    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
  • Japanese new star set to rise?
    Three Japanese non-life insurers Aioi Insurance, Mitsui Sumitomo, and Nissay Dowa are in talks to create Japan’s largest non-life insurer, according to a report from Bloomberg citing two sources close to the situation.
    05 January 2009
  • US P&C income plummets by 85 percent during first nine months of 2008
    US property & casualty (P&C) 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.
    31 December 2008
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