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S&P upgrades Arch to A
Rating agency Standard & Poor’s (S&P) has upgraded the financial strength ratings of Arch Capital’s operating subsidiaries from A- to A with a stable outlook.
03 May 2007
Brit grows with Markel but sees PRI departure
Less than a month after its all-paper acquisition of liability start-up PRI Group Ltd went unconditional, Brit Insurance Holdings plc revealed that it has purchased Markel International Insurance Company’s UK motor insurance portfolio valued at some £16.2
23 June 2003
Illium opens for trading
Liability start-up Illium began trading last week, issuing quotes for risks which attach from 1 January 2004.
08 December 2003
France fails to lay Executive Life debacle to rest
Last-ditch efforts apparently failed last week to resolve a long running dispute between the French authorities and US federal and state prosecutors over the Executive Life debacle.
01 December 2003
AIG Life company receives Qatar license
American International Group's (AIG) life insurer, AIG Life, was granted a license to conduct its group insurance operations from the Qatar Financial Centre (QFC).
30 April 2007
Bromley leaves Guy Carpenter
Geoff Bromley has left the global reinsurance broker, Guy Carpenter & Co, where he was chairman of the company’s non-Americas operations in Europe and Asia-Pacific, The Insurance Insider can reveal.
01 August 2007
WTC leaseholder back in Court
World Trade Center leaseholder Larry Silverstein is back in Court on Tuesday (22 July) as he seeks to force the building’s insurers to pay for two events, double the value of his Willis placed $3.5bn policy.
21 July 2003
Swiss Re shows improvement
Like its slightly larger German rival Munich Re, Swiss Re has been recently downgraded by S&P. But at least the reinsurer has reported improved half-year results, returning earnings of SFr691mn up from SFr118mn for the first six months of 2002.
01 September 2003
St Paul disappoints analysts, looks to better 2004
US insurer St Paul disappointed investors last Wednesday (30 July) with earnings below a revised analysts’ consensus, and considerably down on previous projections.
04 August 2003
C.N.A. boosts reserves by $308mn and sounds warning
US insurer C.N.A became the latest carrier to reveal sizable additions to loss developments last week when announcing a $308mn after-tax charge to second quarter earnings.
18 August 2003
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