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Moody's keeps watch on $184bn bond insurer deal
Ratings agency Moody's Investors Services said it would be assessing the impact on the credit profiles of FGIC Corp and MBIA Insurance Corporation following their $184bn reinsurance coverage deal.
01 September 2008
Brit profits halve on investment hit
In common with many (re)insurers, Brit Insurance Holdings plc saw its 2008 interim profits suffer as a result of unrealised losses on its investment portfolio, partly offset by reserve releases and a foreign exchange profit.
01 September 2008
Ambitious LV agrees £150mn Highway price
UK insurer Liverpool Victoria Insurance Company Ltd (LV) has emerged as the bidder for UK motor insurer Highway Insurance Group plc.
01 September 2008
Gustav fuels cat futures trading
Hurricane Gustav caused a flurry of trading on the Insurance Futures Exchange Services (IFEX) last week as a tropical storm, with $13mn of catastrophe derivative contracts traded as the storm gathered speed en route to the Gulf.
01 September 2008
Stovin replaces Albanese at Markel International
William Stovin has been appointed as president and COO of Markel Corporation's London subsidiary Markel International, replacing US-bound Gerry Albanese.
29 August 2008
Fairfax gains majority stake in Advent
Canadian (re)insurance conglomerate Fairfax Financial Holdings has declared its 165p a share cash offer for Lloyd’s (re)insurer Advent Capital Holdings Plc unconditional after securing a controlling interest in the company, as the Advent board reiterated
29 August 2008
Liverpool Victoria emerges as Highway bidder
UK insurer Liverpool Victoria Insurance Company Ltd (LV) has emerged as the bidder for UK motor insurer Highway Insurance Group plc.
28 August 2008
Energy claims and investments decimate Chaucer profits
Lloyd's insurer Chaucer Holdings plc reported a slump in half-year profits as it was hit by the double whammy of heavy claims and difficult investment conditions.
28 August 2008
Profits up as Paris Re bucks investment loss trend
Swiss-domiciled reinsurer Paris Re Holdings Limited has announced improved results for the first half of 2008, with net income up by around a third to $150.6mn despite taking a $14.2mn hit from Windstorm Emma.
28 August 2008
Highway shares soar on takeover talks
Highway Insurance Group plc has confirmed that it is in "advanced discussions with a third party" about a potential takeover after shares in the motor insurer surged this morning amid M&A speculation.
27 August 2008
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