Fitch Ratings announced that it has downgraded XL Capital Ltd. and its P/C (re)insurance subsidiaries, including the Issuer Default Rating...
International & Reinsurance News
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B+’ (Good) from ‘A-‘ (Excellent) and issuer credit rating...
Insurance Australia Group Limited (IAG) announced that it has agreed to sell its mass market distribution businesses in the UK...
International insurance watchdogs are working on a system to help safeguard reinsurers’ stability when they are hit by major catastrophes...
Auto and truck insurer Kingsway Financial Services said Wednesday that it will cut jobs and freeze salaries as part of...
French bank BNP Paribas said it has called off its plan to buy a stake in Belgium’s Fortis, after the...
According to initial estimates from the forthcoming Swiss Re sigma study on catastrophes, more than 238,000 people lost their lives...
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of...
Bermuda-based White Mountains Re Ltd., the reinsurance unit of White Mountains Insurance Group, announced that CFO Chuck Chokel would retire...
Bermuda-based Flagstone Reinsurance Holdings Limited has issued a bulletin, which sates that it “t has no exposure to funds managed...