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Ratings agencies post mixed message on If
Ratings agencies Moody’s and Standard and Poor’s (S&P) have taken opposing stances on Finnish financial services company Sampo’s increase in its stake in pan-Nordic insurer If to 90 percent from 38 percent in February 2004.
05 July 2004
Rogers loses out in Markel dispute
Nigel Rogers is owed only a fraction of his claimed remuneration for his time as CEO of Lloyd’s insurer Terra Nova, according to a judgment from London's Royal Courts of Justice handed down last week.
21 June 2004
ESG Re's fight for survival gets tougher
ESG Re, the Bermuda based Life, Accident and Health reinsurer, has seen its problems multiply after a disastrous fortnight that included another downgrade, the resignation of its auditors and a threatened de-listing from Nasdaq.
01 December 2002
Spitzer aims for disgorgement
Eliot Spitzer gave further indication last week that he is looking for Marsh to disgorge a significant proportion of its Placement Service Agreement revenues as settlement for the civil action filed against the broker on 14 October.
01 November 2004
Arch stays ahead of analyst estimates
Bermudian (re)insurer Arch Capital Group Ltd has seen second quarter net income fall slightly to $192.3mn or $2.92 per share, compared to $199.4mn or $2.65 per share, in the prior-year period.
28 July 2008
Tunnicliffe quits Advent
Lloyd’s (re)insurer Advent Underwriting Ltd has been dealt a blow by the sudden resignation of the chief underwriting officer of its Syndicate 780, Lloyd Tunnicliffe.
07 April 2008
Allstate profits slump
Allstate Corporation saw profits fall by over 75 percent in the first quarter of 2008 after suffering from a large rise in catastrophe losses.
28 April 2008
Max Re earnings held back by alternative investment return
Bermudian Max Re today (2 August) announced second quarter earnings below analysts’ expectations as investment income fell short of target.
02 August 2004
AIG completes $30bn credit line with US Treasury
Troubled American International Group (AIG) has finalised its latest round of government funding – a $29.84bn purchase agreement with the US Treasury which it first announced in March.
21 April 2009
Max Re filing averts delisting threat
Bermudian reinsurer Max Re filed its first quarter results late May in a move that should avert its delisting from the Nasdaq trading exchange.
12 June 2006
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