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Brit shares suffer despite reassurance over sub-prime fears
Brit Insurance Holdings plc’s share price continued to fall this morning despite an encouraging trading statement and the group’s apparent lack of exposure to the sub-prime crisis.
22 November 2007
Swiss Re’s ratings under review with negative implications
The financial strength rating (FSR) of Swiss Re has been placed under review with negative implications by AM Best following the reinsurance giant’s announced SFr1.2bn ($1.1bn) mark-to-market loss from credit default swap exposures.
21 November 2007
JLT announces £40mn share buyback
Jardine Lloyd Thompson (JLT) has become the latest broker to announce a capital repatriation programme as the group’s share price continues to fall as a result of weak equity markets.
21 November 2007
Aviva upgraded to AA
Fitch Ratings has upgraded the insurer financial strength ratings of UK insurer Aviva plc’s non-life firms to AA.
21 November 2007
Insurers can dodge credit crunch but not recession, says Morgan Stanley
Non-life insurers should escape the global credit crunch but not contagion from economic stagnation or recession, according to the latest research from Morgan Stanley.
20 November 2007
Chaucer forecasts continue to improve
Syndicate forecasts for Chaucer Holdings plc’s Lloyd’s operation have continued to improve, according to the firm’s latest report.
20 November 2007
Gallagher London introduces additional commission
Gallagher London is optimistic that it will receive an understanding response from insurers and clients as it levies an additional commission for placing business in the London and UK markets.
20 November 2007
Endurance wins back AM Best A rating
Endurance Specialty Insurance Ltd has been upgraded to A by AM Best, returning the Bermudian (re)insurer’s ratings to their pre-Katrina level.
20 November 2007
USI Holdings unveils new CEO
US broker USI Holdings Corporation has unveiled Michael Sicard as the successor to David Eslick as its chairman, president and CEO.
19 November 2007
Lloyd's insurers continue buyback trend
Quoted Lloyd's insurers Amlin plc and Beazley plc continued the market trend for share buybacks after announcing the repurchase of shares totalling £150mn last week.
19 November 2007
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