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There are 68,963 results that match your search.68,963 results
  • O’Hara forced to sell XL stock; shares up on de-risking
    XL Capital preannounced an estimated third quarter net loss of $1.65bn to $1.67bn that confirmed a $1.4bn charge in relation to its August transaction to close the majority of liabilities to former bond insurer affiliate Security Capital Assurance (SCA).
    20 October 2008
  • ACE steps up D&O capability with Lloyd’s move
    ACE Ltd has continued its efforts to grow in markets traditionally dominated by American International Group (AIG) by boosting its commercial D&O capability with a move to write the business at Lloyd’s.
    20 October 2008
  • Hardening market talk ‘premature’ says Fitch with (re)insurance sector downgrade
    Analysts at ratings agency Fitch downgraded their rating outlook for the combined insurance and reinsurance sectors from stable to negative on Friday (17 October).
    20 October 2008
  • Brokers predict hardening airline insurance market
    Broker Aon expects hardening market conditions to be sustained through October, November and December renewals with a closing gap between rates charged by lead and following insurers on placements.
    20 October 2008
  • Jubilee confirms Loucaides hire
    Specialist Lloyd’s insurer Jubilee Managing Agency has confirmed its appointment of Andreas Loucaides a director of underwriting, a move first revealed in June by The Insurance Insider.
    20 October 2008
  • Bermudians reveal Q3 investment losses
    Everest Re, Catlin, Max Capital and Aspen joined a growing chorus of (re)insurers publishing preliminary Q3 results outlooks reflecting heavy investment writedowns – in addition to the impact of hurricane losses (see article 6).
    20 October 2008
  • ING latest bail-out as governments act to shore up financial sector
    Banking and insurance company ING Group NV has become the latest in a string of financial groups to acquire state aid in the form of substantial bail-outs, receiving a EUR10bn investment from the Dutch government.
    20 October 2008
  • Amlin adds to rising Ike bill with $285mn loss figure
    Amlin cut its 2008 profit forecast by £45mn after tax today as it become the latest (re)insurer to reveal the impact of Hurricane Ike with the bill from last month’s storm rising based on industry estimates in excess of those published by...
    20 October 2008
  • AIG pressed over bail-out disclosure and executive pay
    Under fire US insurer American International Group (AIG) has been pressed to provide more detail on how it has used the money drawn down on its combined $123bn taxpayer bail-out funding so far.
    20 October 2008
  • ‘Delusional’ internal capital management models must be revised, says FSA
    Speaking during a panel discussion at rating agency AM Best’s third annual European insurance ratings conference, Tony Brooke-Taylor of the Financial Services Authority (FSA) said that many internal capital management models (ICM) do not capture the full
    20 October 2008
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