XL Capital Ltd President and CEO Brian O’Hara led off XL’s 2nd annual global risk conference in Berlin Germany with a plea to the heads of some of the world’s leading organizations to adopt an industry- based coordinated approach to …
Swiss Re announced that 50 percent of its existing shareholders have subscribed for the new shares issued pursuant to its “at-market rights offering” (See IJ Website April 27). “As a result of the substantial take-up by Swiss Re’s existing shareholders, …
Bermuda’s XL Capital Ltd. announced that it will host two global risk conferences on the theme “One World Without Borders.” The first will be held on May 10-11 in Berlin, Germany, and the second on October 4-5 in Boston, Mass. …
Swiss Re announced the launch of its planned $1 billion rights issue to fund its purchase of GE Insurance Solutions (GEIS). In addition, the company provided further information on its forthcoming hybrid capital offerings. The company stressed that no public …
Zurich Financial Services’ Annual General Meeting, held April 20, evinced the considerable turn around in its fortunes under the direction of CEO James J. Schiro, who took over the faltering giant in May 2002. In his presentation speech to shareholders …
Global broker Willis Group Holdings announced that its Inspace division has been “further strengthened by the opening of a new office in France, Willis Aerospace Consulting (WAC).” Willis’ new operation is in Neuilly-sur-Seine, just outside Paris. The bulletin said the …
Bermuda-based ESG Re Limited reported a net loss of $6.9 million for 2005, compared to a net loss of $12.4 million for 2004 in its recently released financial results. The reported noted that that the “main factors contributing to the …
A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Luxembourg-based Casiopea Re S.A., the reinsurance captive of Spanish communications provider Telefonica S.A. The outlook on …
HCC Insurance Holdings Inc., headquartered in Houston, Texas, reported it has received regulatory and Lloyd’s of London approval to its previously announced acquisition of 23.6 percent shareholding in Heritage Underwriting Agency Plc. and had closed the transaction for an undisclosed …
The Liberty Mutual Group announced form its Boston headquarters that its Portuguese subsidiary, Liberty Seguros Portugal, has signed a memorandum of understanding with insurer Acoreana to form a strategic alliance in the Portuguese insurance business. Liberty said that once the …
