Lloyd’s of London yesterday confirmed previously published reports that it would have losses exceeding $3 billion for the years 1998-99...
International & Reinsurance News
Helped by recent acquisitions, QBE Insurance, Australia’s second largest general insurer after NRMA, posted a strong 56 percent gain in...
The latest “sigma” report from Swiss Re, “Insurance markets in Asia: sanguine outlook despite short-term uncertainties,” outlines current and future...
The provisional liquidators at PricewaterhouseCoopers, Mark Batten and Daniel Schwartzmann, announced that they have established Aurora Corporate Services as a...
Standard & Poor’s announced that it had raised the counterparty credit and financial strength ratings on Latin American Reinsurance Co.,Ltd....
Fortis, the Dutch-Belgian financial services group, announced that overall net operating profit rose 4 percent to €1.54 billion ($1.41 billion)...
Standard & Poor’s addressed the recent weakness in the Japanese stock market, stating that “the current level of Japanese stock...
The loss estimates for Australia’s HIH continue to mount. Last May they appeared to have leveled off at around U.S.$2.1...
Bermuda’s rapidly developing offshore banking and insurance business is apparently causing problems for the island’s infrastructure which are serious enough...
The ongoing struggle between Finnish insurer Sampo PLC and the Norwegian government for control of Storebrand, Norway’s largest insurer, took...