Bermuda’s ACE Ltd. became one of the first insurers, but certainly not the last, to issue a profit warning on...
International & Reinsurance News
AIG’s principal international property-casualty division, American International Underwriters (AIU) announced the launch of www.aiu.com, “a comprehensive Internet resource designed to...
Bermuda’s Max Re Capital Ltd. announced that it has purchased $50 million worth of shares in DaVinci Re Holdings Ltd,...
Standard & Poor’s announced that it has placed Mitsui Sumitomo Insurance Co. (Europe) Ltd. (MSI Europe), formerly known as Mitsui...
The U.K.’s Financial Services Administration (FSA) will ask Britain’s general insurers to pay a levy of 0.66 percent of their...
Bermuda’s RenaissanceRe Holdings Ltd. confirmed its commitment, announced last October, to provide $100 million in additional capital to Glencoe Insurance...
Transatlantic Holdings, Inc., the parent company of Tranasatlantic Re, announced that its preliminary estimate of reinsurance exposure related to Enron...
As earlier reported (see IJ Website Dec. 27), CGNU is close to concluding a deal to sell its French commercial...
The innovative feature of the CAT Bond consists of easily ascertainable parametric triggers for the three geographic regions covered by...
Standard & Poor’s has affirmed its single-‘A’-plus counterparty credit and financial strength ratings on IPCRe Ltd. and revised its outlook...