Validus Net Rises on Underwriting, IPC Acquisition: Bermuda reinsurer Validus Holdings Ltd. posted improved third-quarter net income as it benefited from profitable underwriting and its recent acquisition of IPC ...
Date: 11/6/2009 Source: BestWire
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BestWeek: Perfect Timing: Turmoil In the Financial Markets Has Helped to Fuel Ironshore's Growth: Steve England, executive vice president of Ironshore Insurance Services and overseer of Ironshore's U.S. field operations, said his first meeting with the ...
Date: 11/6/2009 Source: BestWire
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RMS: Asteroids, One More Reason to Diversify Your Portfolio: Just more than 100 years ago, in rural Siberia, a comet or asteroid exploded with a force about 1,000 times more powerful than the nuclear bomb dropped over ...
Date: 11/6/2009 Source: BestWire
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Hannover Re 3Q Figures Swing Back Into the Black: Hannover Re has reported an operating result of 244.7 million euros (219.7 million pounds) for the third quarter of 2009, a substantial recovery from the loss ...
Date: 11/6/2009 Source: BestWire
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Munich Re's Investment Returns Surge, But Primary Insurance Struggles: Munich Re reported a third-quarter profit of 651 million euros (583.1 million pounds), a substantial rise on the 2 million euro profit it made in the same ...
Date: 11/5/2009 Source: BestWire
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W. Robert Berkley Jr. Named President, COO of W.R. Berkley Corp.: W. Robert Berkley Jr. has been named president and chief operating officer of W.R. Berkley Corp. effective immediately, the company said.
Berkley has ...
Date: 11/4/2009 Source: BestWire
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Strong Underwriting Boosts Max Capital's Third-Quarter Net: Max Capital Group Ltd. posted improved third-quarter earnings buoyed by profitable underwriting, a mild hurricane season and improved investment ...
Date: 11/4/2009 Source: BestWire
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RGA Upsizes Debt Offering 33%: Life reinsurer Reinsurance Group of America Inc. said it has increased its proposed debt offering by 33% because of investor interest.
The company had ...
Date: 11/4/2009 Source: BestWire
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Scor's Third-Quarter Net Surges on Growth in Life and Nonlife Segments: French reinsurer Scor claimed a "robust" third quarter, as net income rose 147.7% to 94 million euros (US$138.5 million) on growth in both its life and nonlife ...
Date: 11/4/2009 Source: BestWire
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Seitz to Head Outwards Reinsurance at Brit: Reinhard Seitz has been appointed head of outwards reinsurance at Brit Insurance Holdings plc.
Seitz takes up the job immediately, reporting to ...
Date: 11/4/2009 Source: BestWire
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RGA to Issue $300 Million in Senior Notes: Life reinsurer Reinsurance Group of America Inc. said it intends to offer about $300 million of senior unsecured notes due 2019 pursuant to a public offering. ...
Date: 11/3/2009 Source: BestWire
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Swiss Re Posts 3Q Profit as Capital Base Strengthens: Swiss Re said its third-quarter performance was positive, with net income coming to 334 million Swiss francs (221 million euros), a reversal of the 304 million ...
Date: 11/3/2009 Source: BestWire
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Donegal Affiliates With Southern Mutual to Increase Market Reach: The affiliation of Donegal Mutual Insurance Co. and Southern Mutual Insurance Co. is now in effect, in a move expected to achieve greater market penetration ...
Date: 11/2/2009 Source: BestWire
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The View From Baden-Baden: The Baden-Baden Rendez-vous is unlike its more famous counterpart in Monte Carlo. It's quieter and more serious, with less socializing and more concentration ...
Date: 11/2/2009 Source: BestWire
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Cat Bonds Are Growing:
The catastrophe bond market has warmed up in 2009, now that the insurance-linked securities have been restructured to include better protections for ...
Date: 11/1/2009 Source: Best's Review
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Klaus Resigns as CEO of Glacier Group: Robbie Klaus has resigned from the post of chief executive officer of Swiss insurers and reinsurer Glacier Group, with immediate effect.
Glacier did ...
Date: 10/30/2009 Source: BestWire
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Update: Swiss Re to Exit Taiwan, Concentrate Business in Hong Kong Asian Headquarters: (This corrects the date for Swiss Re's closing of its Taiwan operation).
Swiss Re [85009] has gotten approval from the Financial Supervisory ...
Date: 10/29/2009 Source: BestWire
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Swiss Re to Exit Taiwan, to Concentrate Business in Hong Kong Asian Headquarters: Swiss Re [85009] has gotten approval from the Financial Supervisory Commission to close its branch operation in Taiwan.
The withdrawal is part of ...
Date: 10/28/2009 Source: BestWire
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Hannover Re: Expect Stable German Treaty Renewals: Reinsurer Hannover Re Group subsidiary, E+S Ruck, said the German insurance market is largely "favorable."
Conditions improved in 2009, in part due ...
Date: 10/27/2009 Source: BestWire
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Financial Crisis Forces Capital Management and Regulatory Changes Across Asia: Asia's insurance sector is undertaking changes in capital risk management in response to more sophisticated requirements for regulatory and solvency compliance ...
Date: 10/27/2009 Source: BestWire
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