Merrill Lynch has agreed to help bail out bond insurer Security Capital Assurance Ltd. by canceling $3.5 billion in credit...
P&C Companies News
Despite its problems with Security Capital and the charges it expects to incur (See related article), Bermuda’s XL Capital managed...
Hartford Financial Services Group Inc.’s earnings fell in the second quarter, hurt by claims from tornado damage. Operating earnings fell...
Last week’s severe tornadoes and thunderstorms in New Hampshire have prompted the state’s insurance chief to allow temporary emergency licensing...
Standard & Poor’s Ratings Services has withdrawn its ‘Api’ (public information) financial strength rating on American Merchants Casualty Co. –...
Seattle, Wash.-based Safeco’s net income dropped nearly $37 million in the second-quarter 2008 over the same time period in 2007,...
Bermuda’s ACE Limited expects to issue its second quarter earnings release and financial supplement after the market closes today Tuesday,...
Oakland, Calif.’s city attorney said Friday he will file a lawsuit claiming municipal bond insurers duped the city into buying...
Fitch Ratings has revised its rating outlook on Imagine Insurance Company Limited and Imagine International Reinsurance Limited (collectively, Imagine) to...
Insurance brokerages who lost billions of dollars in revenue under a ban imposed by former New York Attorney General Eliot...