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There are 68,813 results that match your search.68,813 results
  • Mexican Wilma losses up to $1.75bn
    The Mexican insurance industry association AMIS expects insurers to cover losses of $1.75bn as a result of Hurricane Wilma hitting the country. So far payments and advances of $330mn, or 19 percent of that total, have been made to claimants.
    19 December 2005
  • ‘Class of 2005’ is not A strength – comments Fitch
    Ratings agency Fitch has cast doubt over rival AM Best’s ratings of the ‘Class of 2005’ reinsurance start-ups and questioned the long-term viability of the new businesses. Fitch said: “While Fitch's rating methodology does not impose a ceiling...
    19 December 2005
  • Harbor Point joins ranks as start-ups get AM Best rating
    Harbor Point Limited has joined the ranks of the “Class of 2005” to receive an AM Best rating, after the agency announced last Friday (16 December) it has awarded an A (Excellent) financial strength rating and a credit rating to the start-up.
    19 December 2005
  • AM Best responds to concerns over start-up ratings
    AM Best has answered back at concerns raised over its rating of the wave of start-ups descending on Bermuda, highlighting its tough approach to testing the financial viability of companies, and expressing satisfaction with the infrastructures in place.
    19 December 2005
  • Anglo American to pay creditors in full
    The scheme administrators of Anglo American Insurance Company have announced that the Scheme Payment Percentage to the firm’s creditors will be increased to 100 percent. As a result of this decision $75mn will be paid to creditors raising total...
    19 December 2005
  • Cook to leave AXIS
    Bermudian reinsurer AXIS Capital Holdings Limited will be losing its chief financial officer due to “personal reasons”. Andrew Cook, who has been a part of AXIS Capital since its inception, will remain with the company until 1 April 2006 to ensure...
    19 December 2005
  • Independent executives bailed on fraud charges
    More than four years after the Serious Fraud Office (SFO) began investigating one of the UK’s largest recent insurance failures, charges of conspiracy to defraud have been laid against three former directors of Independent Insurance.
    19 December 2005
  • Converium appoints new CEO; restates financials
    Swiss reinsurer Converium finally ended the search for a new CEO last Wednesday (14 December) as it announced the appointment of Inga Beale to the post. Beale will join the company early next year from GE Insurance Solutions (GEIS)...
    19 December 2005
  • TRIA extension awaits Bush approval
    A two year extension to the Terrorism Risk Insurance Act (TRIA) moved a step closer on Saturday (17 December) after Congress approved legislation, leaving President George Bush to sign the bill into law.
    19 December 2005
  • RFIB makes Moscow move
    Lloyd’s broker RFIB Group Ltd has set up a representative office in Moscow as part of its continued expansion in Russia. The (re)insurace specialist has been operating in the Russian Market since 1990.
    19 December 2005
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