Bermuda-based Flagstone Reinsurance Holdings Limited announced that its net income in the second quarter increased to $41.9 million, or $0.49 per diluted share, compared to $14.7 million, or $0.17 per diluted share, for the quarter ended June 30, 2007. Basic …
Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better terms. Negotiators battled over a …
Standard & Poor’s Ratings Services has assigned its interactive Lloyd’s Syndicate Assessment (LSA) of ‘3-‘ (average dependency) to U.K.-based Montpelier Syndicate 5151 with a stable outlook. S&P said the “assessment is based on the syndicate’s strategic importance to Montpelier Reinsurance …
Zurich Financial Services Group announced the appointment of Lindene Patton and Elpida Constantinou to key positions within its Climate Office, both will report to Michael Kerner, Global Chief Underwriting Officer and Head of Zurich’s Climate Initiative. Patton, 43 and a …
A.M. Best Co. announced that it has upgraded the ratings of a nember of companies -l isted below – following a review of the application of its country risk methodology within the rating process. Best explained that as part of …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating (ICR) of “bbb” of Cyprus-based Alliance International Reinsurance Public Company Limited. The outlook for the FSR remains stable, and the outlook for the …
Swiss Re announced that it has obtained $100 million of protection against earthquake risk in Turkey, Greece, Israel, Portugal and Cyprus through a securitization – the first time the capital markets have been tapped to cover this type of risk …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating (ICR) of “bbb” for Cyprus-based Alliance International Reinsurance Public Company Limited with a stable outlook. “The ratings reflect Alliance Re’s solid prospective …
Standard & Poor’s Ratings Services announced that it has affirmed its “BBB” long-term counterparty credit and insurer financial strength ratings on Cyprus-based Alliance International Reinsurance Public Co. Ltd. with a stable outlook. “The ratings reflect Alliance Re’s strong capitalization, experienced …
The law firm of Lieff, Cabraser, Heimann & Bernstein, LLP, announced that, in cooperation with the Cyprus-based law firm of Phoebus, Christos Clerides, N. Pirilides & Associates, that families of victims of the crash of Helios Flight 522 have filed …
