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FGIC reveals "significant" investor interest
Embattled bond insurer FGIC Corp said it has received a "significant number of indications of interest" since revealing that it was looking for a fresh capital injection.
12 May 2008
RSA 'should be broken up' says analyst
As RSA announced a 15 percent rise in group net written premiums to £1.7bn in the first quarter of 2008, compared to the prior-year period, one analyst believes it is "likely" the group will be broken up.
12 May 2008
SCA and Assured Guaranty report Q1 losses
Monoline bond insurers Security Capital Assurance (SCA) and Assured Guaranty Ltd (AGL) both reported further losses in the first quarter of 2008.
12 May 2008
AXA sees P&C uplift
French insurance giant AXA said its property and casualty revenues grew by 2 percent in the first quarter of 2008 to EU8.89bn compared to the prior-year period.
12 May 2008
SCOR profits rise despite heavy losses
French reinsurer SCOR saw Q1 profits rise by almost two-thirds to EUR124mn, compared to the prior-year period, after solid growth in Asia and the US.
12 May 2008
Allianz hit by Q1 EUR845mn writedown
Allianz Group's first quarter results have been hit by a EUR845mn writedown at subsidiary Dresdner Bank following "difficult market conditions".
12 May 2008
Solvency II bigger than sub-prime, says S&P
The introduction of the Solvency II regulatory system in 2012 will be far more significant to European insurers than sub-prime losses and the credit crunch, according to a report by ratings agency Standard & Poor's (S&P).
12 May 2008
AIG downgraded despite capital measures after latest 'record' loss
Shares in American International Group (AIG) traded down to hover just above a 10-year low in after-hours trading yesterday as the US giant posted a record first quarter loss of $7.8bn triggered by another round of heavy mark-to-market credit derivative a
09 May 2008
Allianz hit by Q1 EUR845mn writedown
Allianz Group's first quarter results have been hit by a EUR845mn writedown at subsidiary Dresdner Bank following "difficult market conditions", the company has revealed.
09 May 2008
RSA ‘should be broken up’ says analyst
Collins Stewart analyst Tim Young suggested a break-up of the RSA Group could be on the cards after it announced a 15 percent rise in group net written premiums to £1.7bn in the first quarter of 2008, compared to the prior-year period.
08 May 2008
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