Swiss reinsurer Converium announced that it will restate its financial accounts as soon as it has completed “an extensive internal...
International & Reinsurance News
A.M. Best Co. followed Standard & Poor’s and Fitch Ratings (See IJ Web site Nov. 3) in downgrading the financial...
Swiss Re announced that based on current estimates, it expects its aggregate claims for hurricanes Rita and Wilma to be...
Historically, Warehouse Legal Liability (WHLL) has been a complicated line with many gray areas and multiple interpretations of its coverages....
Allied World Assurance Holdings, Ltd. [AWAC] has reported a net loss of $203.5 million for the third quarter of 2005,...
A.M. Best Co. announced rating actions on Germany’s Muenchener Rueckversicherungs (Munich Re) and its U.S. subsidiary American Re Corporation Group....
Fitch Ratings announced that it has downgraded the long-term and senior debt ratings of Montpelier Re Holdings Ltd. to “BB”...
Standard & Poor’s Ratings Services announced that it has assigned its “A-” counterparty credit and financial strength ratings to Purto...
Bermuda-based AXIS Capital Holdings Limited reported a net loss for the quarter ended September 30, 2005 of $468.1 million, or...
R.J. Kiln plc, a leading Lloyd’s underwriter, announced that it plans to raise £72.8 Million ($129.3 million in additional capital...
Once a company gets into trouble, the troubles seem to pile up. So it comes as no surprise that both...