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There are 68,963 results that match your search.68,963 results
  • Atrium updates forecasts and storm losses
    Atrium Underwriting today (5 December) reported its latest forecasts for 2003 and 2004 years of account on syndicates 570 and 609 and updated its hurricane losses for this year. The account year forecasts for managed syndicates are materially...
    05 December 2005
  • Pressure grows on XL management - Troubled (re)insurer plugs holes with $2.8bn raise
    Pressure is growing on senior management at Bermudian (re)insurer XL Capital after recent comments by equity analysts and rating agency Standard & Poor’s (S&P) – which last Monday (28 November) downgraded the company by a notch from AA- to A+.
    05 December 2005
  • SCOR reunites with pools
    French (re)insurer SCOR will take up membership of the pools Réunion Aérienne and the Réunion Spatiale on 1 January 2006. SCOR, whose application to join the pools was accepted in November, will take a 5 percent share of each pool.
    05 December 2005
  • Crawford expands in India
    Loss adjusters Crawford & Company announced that it has purchased a 26 percent interest in loss adjusting and claims settlement firm Indian Puri Anuj & Associates. The move is expected to provide additional service delivery capabilities to support...
    05 December 2005
  • Aon to close UK offices
    Aon is to close six of its UK offices over the next year as part of the broker’s previously announced major restructuring drive that is set cost 750 jobs in the UK. The offices in Canterbury, Cardiff, Liverpool, Norwich, Plymouth and Shrewsbury are...
    05 December 2005
  • Brit raises £150mn in subordinated debt
    Brit Insurance has become the latest (re)insurer to raise capital in expectation of 2006’s improved underwriting conditions. The firm announced that it has agreed to raise £150mn tier two long-term subordinated debt. As well as enabling Brit to take...
    05 December 2005
  • Advent downgraded despite capital raising initiatives
    Despite raising sufficient capital to ensure a capacity of £150mn on its Syndicate 780 next year, Advent Capital has seen ratings agency Moody’s downgrade its rating on the syndicate following the devastating losses from this year’s storms.
    05 December 2005
  • S&P downgrades Wellington following Katrina increase
    Standard & Poor’s (S&P) has reduced its stance on Wellington Underwriting Agency’s Syndicate 2020 following the sudden increase in its estimates to Hurricane Katrina. “The downgrade follows the Nov. 24, 2005 announcement of a 69 percent increase to...
    05 December 2005
  • Validus set to go live
    Validus Reinsurance Ltd, the Bermudian reinsurance start-up backed by the former MMC chairman and chief executive Jeffrey Greenberg, is set to go live later this week after raising $1bn in equity financing, Insider Week understands.
    05 December 2005
  • AM Best to unveil Bermudian start-up ratings
    Rating agency AM Best is set to seal its stamp of authority on Bermuda’s “class of 2005” (re)insurers when it publishes inaugural financial strength ratings for a number of the start-ups in the forthcoming days. According to sources, AM Best is to...
    05 December 2005
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