Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and senior unsecured debt ratings on Toronto-based specialty insurance...
earnings News
American International Group’s whopping $7.81 billion first quarter loss (See related article) brought an immediate reaction from Standard & Poor’s...
Bermuda-based CastlePoint Holdings, Ltd. reported net income of $9.565 million and basic and diluted earnings per share of $0.25 for...
The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming...
Dresdner Bank stayed in the red in the first quarter after writing down €845 million ($1.3 billion) on structured finance...
The Munich Re Group recorded a profit of €785 million ($1.2 billion) for the first quarter of 2008, down 19...
Specialty insurer Kingsway Financial Services swung to a loss in the first quarter as it increased reserves at its Lincoln...
Bermuda’s Max Capital Group Ltd. increased its gross premiums written by over 30 percent from $213.6 million to $306.6 million...
In addition to its earnings announcement (see related article), Bermuda’s Max Capital Group Ltd. announced the election of James H....
Standard & Poor’s Ratings Services has said that its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on Swiss...