Bermuda’s Renaissance Re reported that its net losses as a result of the September 11 attack on the World Trade...
earnings News
Two Bermuda-based reinsurers, PartnerRe and Max Re, have indicated that they expect to show loss results for both the third...
The four major engines of global reinsurance–Swiss Re, General & Cologne Re, Munich Re, and Employers Re–form the backbone of...
Since the morning of Sept. 11, A.M. Best Co. has been gathering public and private information in order to assess...
In addition to the previously announced layoffs of 1,200 employees, Citigroup Inc. announced it would let go another 3,000 workers...
Fitch completed the initial phase of its ratings review of insurance and reinsurance companies exposed to losses from the terrorist...
Cincinnati-based Midland Co. said fire and liability insurance losses from manufactured housing parks and dealerships would cut third-quarter earnings. Midland...
Standard & Poor’s commented recently on its CreditWatch placement of ratings on Hartford Financial Services Group Inc. (HFSG), Hartford Accident...
True Loss from Sept. 11 Terrorist Attacks on U.S. is Immeasurable, As Estimates of Potential Insured
“The World Trade Center is a living symbol of man’s dedication to world peace, his belief in cooperation of men...
The conversion of illegal funds into legitimate accounts and investments, commonly known as “money laundering,” is a growth business. According...