earnings News

U.K. AUTO RATES ON THE RISE

Drivers in the U.K. face automobile insurance premium increases of 25 percent or more within the next 12 months, warned...

SCOR Reports Lower 1st Half Earnings

French reinsurer SCOR announced first half results which were somewhat lower than anticipated. Net earnings dropped from 1999’s €70 million...

ECB Rate Rise Fails To Lift Euro

In a widely anticipated move the European Central Bank (ECB) raised its basic interest rate a quarter point from 4.25...

A.M. Best Revises Outlook on PXRE

While it affirmed the PXRE Group’s overall A (Excellent) rating, A.M. Best nevertheless revised the outlook for PXRE Reinsurance Co....