The short-term success of Hannover Re’s bid to diversify away from risky businesses is hostage to the hurricane season, while further out, it is likely to lead to a positive re-rating of the shares. The world’s fourth-biggest reinsurer’s new chief …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based insurance and reinsurance holding company Arch Capital Group Ltd.(ACGL) and its operating subsidiaries to positive from stable. S&P also affirmed our ‘BBB+’ counterparty credit and senior debt ratings on …
The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009 according to A.M. Best. “The year-over-year decline in earnings was due primarily to the severe and prolonged turmoil in the financial …
The Wisconsin Office of the Commissioner of Insurance has published a list of administrative actions for June 2009. The regulators noted that in many of these cases the respondent denied the allegations but consented to the action taken. Any fines …
While Standard & Poor’s Ratings Services is positive in its outlook for PARIS RE (See related article), it is less so when it comes to the acquiring company, Bermuda-based PartnerRe. S&P said it has revised its outlook on the company …
Stick to your knitting. Sell on value, not on price. Return to the basics. Achieve growth through disciplined underwriting. The above are just a few of the mantras, some might say clichés, being repeated throughout the property/casualty insurance industry these …
I.I.I. President Says Recovery Will Be Slow, Uneven While property and casualty insurance companies remain somewhat insulated from what happens in the general economy, the industry is projected to be smaller, in dollar terms, once the current financial crisis is …
Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts, stretching over 8 months, continues to be headline news. It’s also news of another sort in the City of London, where …
Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London, where rumors, announcements, speculation and …
Bermuda-based American Safety Insurance Holdings Ltd. reported that its American Safety Casualty Insurance Company (ASCIC) subsidiary has acquired, for cash, Victore Insurance Company (VIC), an Oklahoma domiciled admitted insurance company headquartered in Oklahoma City. VIC provides customized bonding solutions for …
