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  • Ratings agency Moody's has downgraded the performance rating of property catastrophe insurer RJ Kiln Syndicate 557 from "A" Very Good to "A-" Good with a stable outlook. Moody's said the downgrade was because of management proposals to reduce the syndi
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Refocused UK general insurer Royal & Sun Alliance (R&SA) reported half year figures slightly ahead of forecasts on 12 August, and saw its share price rise 5.5 percent as markets and analysts took a more bullish line on the group's capital position and fut
  • Post-9/11 Bermudian start-up Allied World Assurance Holdings (AWAC) confirmed last Thursday (22 July) that veteran market figure and vice-chairman Michael Morrison will retire with effect from 1 October after half a century in the industry.
  • Environmental services company EnPro Industries has announced a $118mn “comprehensive agreement” with Lloyd’s reinsurer-of-last-resort Equitas in relation to its asbestos exposures.
  • More details have emerged of the dispute between insurer Allianz and lap dancing venue Spearmint Rhino, which is suing the German company in the UK’s Royal Courts of Justice for non-payment of claims..
  • The UK insurance industry must become tougher on spurious claims if it is avoid a reputation of being a “soft touch”, Aon warned today (26 July, 2004).
  • US insurer Safeco has reported an increase in Q2 earnings to $247.5mn, or $1.77 per share, from $111.9mn, or 81 cents per share for the same period in 2003.
  • Barbados-based (re)insurer Everest Re unveiled strong second quarter results last Monday (19 July), but listeners to the company’s conference call were treated to candid comments on rates and the state of the market, with softening across most lines of pr