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There are 68,801 results that match your search.68,801 results
  • White Mountains raises storms bill by $200mn
    Shares in White Mountains Insurance Group Inc closed down 5 percent on Friday to $489 on the New York Stock Exchange after the group admitted its reinsurance losses from last year's storms would be almost fifty percent higher than previously estimated.
    19 June 2006
  • Swiss Re appoints new US head
    Swiss Re - now officially the world's largest reinsurer following the completion of its GE acquisition earlier this month - is replacing its retiring US head Jacques Dubois with the former Federal Reserve vice chairman Roger Ferguson.
    19 June 2006
  • AXA confirms Winterthur deal with Credit Suisse
    French giant AXA announced today (14 June) that it has entered into a definitive agreement with Credit Suisse Group to buy the Zurich-based company’s insurance operation Winterthur for SFr12.3bn, or EUR7.9bn in cash.
    14 June 2006
  • S&P confirms Swiss Re downgrade as GEIS deal closes
    Rating agency Standard & Poor’s (S&P) last night (12 June) confirmed that Swiss Re’s acquisition of GE Insurance Solutions (GEIS) has cost the reinsurer its AA rating, which has been downgraded a notch to AA-.
    13 June 2006
  • Integro continues Marsh plunder
    Fast-growing Integro last week announced a series of further appointments of former Marsh employees to its stable, bolstering its healthcare practice in Boston and Chicago, and establishing a south eastern marine practice.
    12 June 2006
  • Best affirms HCC rating; assigns rating to shelf registration
    AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) on US insurer HCC Insurance Holdings and assigned indicative ratings on the firm's $1bn shelf registration.
    12 June 2006
  • BMS profits up on expanded portfolio
    Independent (re)insurance broker BMS Group reported a 2 percent upturn in 2005 pre-tax profits to £4.5mn last week. "The breadth and strength of our portfolio has ensured that overall we have remained solidly profitable in 2005, notwithstanding the...
    12 June 2006
  • Fitch details new capital model
    Ratings agency Fitch promised to provide greater precision for (re)insurers determining their capital requirements as it detailed what it claims as the first global stochastic capital model in London on last Tuesday (6 June).
    12 June 2006
  • AM Best downgrades and withdraws Quanta Capital Holding's ratings
    AM Best responded last Wednesday (7 June) to Quanta Capital Holdings's run-off plans by first downgrading the company's ratings and then withdrawing them altogether at the firm's request.
    12 June 2006
  • Equitas boosts asbestos reserves; positive on progress
    Despite increasing asbestos reserves by another £128mn in the year to 31 March 2006, Lloyd's pre-1993 run-off vehicle Equitas highlighted its progress in resolving claims with major policyholders as it released its financial results last Tuesday (6 June).
    12 June 2006
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