‘Twas the night before Christmas and all over Europe a scrambling of F-16’s could be heard, as an unidentified flying...
International & Reinsurance News
Swiss Re announced that its exposure to Enron related losses is $173 million before tax, around $118 million after tax....
Bermuda’s XL Capital Ltd. announced that its estimated net aggregate insurance and reinsurance underwriting exposures in connection with the bankruptcy...
The London Insurance Community presented a check for $400,000 to the New York Firefighters’ 9-11 Disaster Relief Fund to help...
Swiss Re, NCM and Gerling Insurance Group announced that they have completed the formation of Gerling NCM Credit and Finance...
Standard & Poor’s affirmed its ratings on French reinsurer SCOR and its subsidiaries and removed them from CreditWatch. It also...
A.M. Best has assigned an initial financial strength rating of A+ (Superior) to Bermuda-based Allied World Assurance Company Ltd. (AWAC),...
London’s Financial Times carries a report that the European Commission has completed a preliminary investigation of Lloyd’s operations and may...
The Royal Commission investigating the collapse of Australian insurer HIH last March revealed that directors and officers failed to provide...
Standard & Poor’s and A.M. Best have both given high ratings to new debt issues from Germany’s Allianz Group. S&P...