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AM Best considers implications of Sirius acquisition
The rating of Sirius International - the Swedish insurer recently acquired from ABB by the White Mountains Insurance Group – is under review by AM Best.
19 April 2004
Wellington deal highlights tensions in Lloyd's capital base
One of the most public airings of dirty washing in recent Lloyd's history ended with Names supporting plans to form Wellington Re. But it’s the insurer's nine month struggle to raise funds which shows the problems of the Society's convoluted and divided c
01 June 2002
OneBeacon gain offsets White Mountains start-up loss
White Mountains reported stable adjusted comprehensive income of $117mn for the first quarter as its insurance unit OneBeacon lifted net income by 30 percent to $88mn
29 April 2013
Avalon Re C note investors left with $13mn loss
Energy mutual Oil Casualty Insurance Ltd's (OCIL) Avalon Re excess liability cat bond defaulted at its final maturity date last week (7 June), leaving the lowest tranche investors with a $13mn loss.
14 June 2010
Fairfax ratings raised
Standard & Poor's (S&P) affirmed its affirmed its “BBB” counterparty credit and financial strength ratings on Fairfax Holdings operating insurance companies and its “BB” counterparty credit ratings on Fairfax and Crum & Forster this week.
15 August 2005
Acquisitive Catalina to buy Glacier Re
Run-off specialist Catalina Holdings announced that it signed a definitive agreement on 7 January to acquire Glacier Re, the Swiss based reinsurer in run-off.
12 January 2011
Fairfax takes controlling stake in Advent
Fairfax Financial Holdings became the latest international (re)insurance group to take a controlling stake in a Lloyd's managing agency after buying out a major shareholder in its long-term partner Advent Capital Holdings plc.
08 September 2008
Munich Re to ‘wait and see’ on share repurchases
Munich Re will suspend its share buyback scheme following its AGM in April after racking up estimated first quarter losses of over EUR2.5bn
24 March 2011
XL tight-lipped on sub-prime exposures
Bermudian (re)insurer XL Capital dismissed rumours of significant sub-prime related losses in its financial and professional lines portfolio last month, stating that the crisis provided "an attractive opportunity" for the class.
09 November 2007
AIG in Virgin consortium bid for Northern Rock
US insurance giant, American International Group (AIG), is a partner in a consortium, led by Richard Branson’s Virgin Money, to buy stricken UK mortgage bank, Northern Rock.
15 October 2007
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