Willis Group Holdings Limited will release earnings for the fourth quarter ending December 31, 2008 after the market closes on Wednesday, February 11, 2009. Copies of the release will be available soon thereafter within the “Investor Relations” section of the …
The Bermuda-based Max Capital Group will hold an investment community conference call today, Wednesday, February 11, 2009, at 10 o’clock a.m. Eastern Time, to discuss the Company’s fourth quarter 2008 financial results with interested investors and shareholders. Chairman and CEO …
American International Group is in advanced talks to sell its U.S. auto insurance unit to Swiss insurer Zurich Financial Services AG, a source familiar with the matter said Tuesday. The auto insurance business is expected to fetch around $2 billion, …
Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and senior unsecured debt ratings on Toronto-based specialty insurance provider Kingsway Financial Services Inc. S&P also lowered the debt ratings on Kingsway’s subsidiaries to ‘B’ from ‘BB’, and has …
Bermuda-based XL Capital posted a $1.43 billion fourth-quarter net loss Tuesday, and said it will cut its dividend and slash 10 percent of its staff. The quarterly loss was due to soured investments, hedge fund losses, and a charge to …
Standard & Poor’s Ratings Services has revised its implications to negative from developing on the CreditWatch placement of its ‘A’ long-term counterparty credit and insurer financial strength ratings on Fortis Insurance Belgium (FIB). “The negative implications reflect increasing uncertainties about …
Bermuda-based Validus Holdings has announced the opening of an Asia-Pacific reinsurance representative office located in Singapore. The new office will represent Validus Reinsurance, the Group’s Bermuda-based reinsurance operation, which focuses on short-tail classes of business, including property, marine, and other …
Fitch Ratings announced that it is “continuing its evaluation of insurance ratings globally, focusing on the impact of declines in investment portfolio market values, and other market pressures, related to the current recessionary economic environment.” Fitch had previously moved its …
Sports and leisure insurer Sportscover has offered immediate assistance to client businesses that have been directly affected by the Australian bushfires. The insurer said it has “set aside initial funds for distribution to affected clients to ensure that they can …
The Washington Attorney General’s Office is alerting residents about a phone scam in which Spanish-speaking callers claim to be representatives of an insurance company. In some cases, the callers also provide the names of actual insurance companies and/or agents. Hispanic …
