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There are 68,813 results that match your search.68,813 results
  • AXIS estimates up to $430mn in storm losses
    AXIS Capital estimates that its net loss exposures to Hurricanes Gustav and Ike will be between $310-$430mn, adding to the industry's toll of heavy 2008 catastrophe losses and providing further evidence of the damage wreaked by Ike earlier this month.
    29 September 2008
  • Greenberg sells down AIG stock
    Hank Greenberg, the former American International Group (AIG) chief executive, sold 40 million shares in the fallen insurer, netting around $126mn last week.
    29 September 2008
  • Tawa shares hit on further bond losses
    UK-listed run off firm Tawa plc saw its share price fall a further ten percent last week after profits slumped on continuing losses from the bond portfolio of its CX Re subsidiary, the former London-headquartered reinsurer CNA Re.
    29 September 2008
  • Sentencing hearing begins in Gen Re finite case
    Federal prosecutors in the case involving five former General Re and American International Group Inc (AIG) executives who were found guilty for their part in a sham reinsurance transaction are tying the deal to shareholder losses of $1.4bn.
    29 September 2008
  • Liberty fights back over S&P downgrade
    Liberty Mutual Group has fought back against its downgrade by Standard & Poor's (S&P) following the closure of its $6.2bn acquisition of rival Safeco last week.
    29 September 2008
  • Lime Street sidecar to continue
    The Lloyd's sidecar vehicle, Managing Agency Partners (MAP) Syndicate 6103, intends to renew its capacity into 2009.
    29 September 2008
  • NAIC collateral proposals welcomed
    London-based company market (re)insurance trade body, the International Underwriting Association (IUA) has welcomed proposals for a new reinsurance regulatory framework agreed by the reinsurance task force of the National Association of Insurance Commissi
    29 September 2008
  • Lloyd's cuts back in softer market
    Lloyd's posted an interim profit before tax of £949mn for the six month period ending 30 June 2008, a fall of 47 percent against 2007's record figure of £1.8bn.
    29 September 2008
  • Swiss Re ratings affirmed; $255mn further write-downs
    Swiss Re has revealed lower-than-feared write-downs from its exposures to structured credit default swaps (CDS) as it posted mark-to-market losses of SFr245mn in July-August in its CDS portfolio and estimated further write-downs in September (up to the 19
    29 September 2008
  • AIG asset sale begins
    American International Group Inc (AIG) expects to have a "for sale" list of assets drawn up by the end of this week (3 October), and may have executed transactions in that time frame, according to new chairman and CEO Edward Liddy.
    29 September 2008
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