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Swiss Re stamps its mark on ILS space
Swiss Re has devised a new business model, with the aim of being "the first place companies turn to for solutions", according to the firm's CEO Jacques Aigrain.
03 March 2008
Prosecutors to continue Gen Re finite investigations
Prosecutors in the trial of former General Re and American International Group (AIG) executives found guilty in a sham finite reinsurance contract have vowed to continue investigations up the corporate ladder.
03 March 2008
Amlin ROE peaks as insurer prepares to manage cycle
Amlin reinforced its position as a leader among the quoted Lloyd's insurers with "record" results that included a 30 percent leap in pre-tax profits to £445mn and a lowly 63 percent combined ratio.
03 March 2008
RSA delivers healthy return; continues legacy disposal
UK general insurer Royal & Sun Alliance (RSA) bounced back to a profit of £638mn for 2007 despite taking a hit from last summer's UK floods.
03 March 2008
AM Best stays stable on reinsurance
As broadly healthy earnings continue to be set against the threat of the softening market, AM Best has affirmed its stable outlook on the reinsurance sector, with a minority of upgrades and downgrades expected to balance out...
03 March 2008
Bermuda braced for financial guarantor entrants
Bermuda could be in line for an influx of financial guarantee reinsurers following the sub-prime mortgage crisis, according to The Bermuda Monetary Authority (BMA).
03 March 2008
Hedge fund dismissed from Fairfax suit
New York-based hedge fund Institutional Credit Partners (ICP) has been dismissed from Canadian conglomerate Fairfax Financial Holdings lawsuit against it and a number of other funds.
03 March 2008
XL takes yet further credit writedowns; reveals GIC exposure
XL Capital added to fourth quarter losses arising from its relationship with troubled bond insurer Security Capital Assurance (SCA) in a Securities & Exchange Commission (SEC) filing after close of markets Friday (29 February).
03 March 2008
Swiss Re updates but analysts reluctant to give credit
Although Swiss Re reported only modest deterioration on its credit default swaps (CDS) as it booked a 9 percent fall in 2007 net income to SFr4.2bn last week, its disclosures on credit market exposure and its recent quota share deal...
03 March 2008
Global Markets drives record profits at Hiscox
Bermuda-headquartered Lloyd's (re)insurer Hiscox Ltd has been propelled to a record full-year profit before tax of £237.2mn, up 18 percent, by the stellar performance of its Global Markets division.
03 March 2008
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