August 6, 2008
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 …
July 29, 2008
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 …
June 30, 2008
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 …
April 14, 2008
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 …
December 14, 2007
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 …
June 18, 2007
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 …
June 1, 2007
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 …
June 26, 2006
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 …
May 19, 2006
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 …
February 22, 2006
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 …